Foreigners look for alternative 350k Golden Visa to invest in Portugal

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Foreigners look for alternative 350k Golden Visa to invest in Portugal
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Published: 3rd February 2020, 5:56pm

The number of owners picking up other alternatives, like property acquisition through the 350k Golden Visa program has substantially increased over the last three years.

SEF, Portugal’s Borders and Immigration Service has released data on capital transfer and real estate subclasses, covering the full year of 2019. In this sense, and amongst other capital transfer alternatives, Portugal’s ARI (Residence Permit for Investment) offers specific investment alternatives in the real estate sector:

  • Purchase of real estate property of 500k Euro or higher;

  • Purchase of real estate property equal to or higher than 350k Euro, with construction dating back more than 30 years or located in urban regeneration areas, for refurbishing.

Numbers show that the habitual 500.000€ property investment option remains the investor’s top preference, even though its share of overall ARI’s has decreased from 93% (2016) to 76%, in 2019. 

On the other hand, 350k Golden Visa real estate investments have gained more and more popularity over time, which has led to an increase in the square meter value for Portugal’s real estate. House prices increased 3.3% in the first trimester of 2019, settling at 1.849€ per square meter.

At the same time, Portugal Golden Visa by Investment also enables third-country citizens to obtain citizenship by investing 280k in lower-density areas. Besides being away from the city bustle, investing inland has several benefits. You can have a full spectrum regarding the advantages of Getting Citizenship with a 280k Golden Visa.

The Golden Visa investment program has unique advantages that may suit your needs. Please, visit our Golden Visa page, with extended information about the program. If you need personalized guidance, submit an inquiry and one of our investment experts will contact you and assist you in everything you wish to know.

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