The Portuguese real estate market continues to live its best years
The sector is still fueled by residency by investment programmes - the Portugal Golden Visa and the Non-Habitual Residency schemes, and since Portugal is an amazing sun-flooded country and the fact that real estate has one of the lowest prices here, compared to the prices practised in cities such as London and Paris, the country has been an attractive spot for many, including digital nomads.
Despite the pandemic, Portugal has had in fact a statistically normal year thanks to Portugal Golden Visa investments. Chinese and Brazilian investors were the 2020 Golden Visa nationalities that most invested, and the total investment in the programme amounted to €647 million, a slight reduction from the €742 million raised in 2019.
There’s also been a very significant increase in investment from Italy, United Kingdom, France as well as from Bangladesh, Nepal, India, and Venezuela. The most notable statistic, however, is the rise of American investors during 2020. Having contributed 75 main applicants throughout the year, Americans appeared for the first time, in the annual top 5 of applicant nationalities.
Also, the number of owners picking up other alternatives, like property acquisition through the €350k Golden Visa programme, or venture capital has substantially increased over the last years. 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 agitation, investing inland has several benefits. You can have a full spectrum regarding the advantages of getting citizenship with a 280k Golden Visa here.
It becomes important to mention that with the new government announcements, there have been a few changes to the Golden Visa programme. If you wish to purchase in the central areas of Lisbon or Porto, you may do so before the end of 2021. Watch the video below, where David Poston, Portugal Homes’ Co-Founder, addresses these changes and advises on the best steps moving forward.
Information update February 2021: Learn everything about the 2022 changes on the Portuguese Golden Visa programme here.
Interested to know more about the investment options Portugal offers? Check out our guide on how to invest in Portugal for citizenship.
As Portugal Homes has a strong presence selling properties in the areas of Lisbon, Porto and the Algarve, in which more and more ex-pat communities are rising, as an investor you may want to invest in more than one property. Our teams focus on the options that will give you the best return of your investment, and the ones that better serve both your interests and needs. Check our available properties eligible for the Portuguese Golden Visa below.