In 2019, Portugal was the third country in the European Union with the highest percentage of people able to acquire citizenship in proportion to the total number of foreign residents in each country. According to Eurostat data, Portugal is well above the European Union’s average for this indicator.
Thus, in Portugal, around 4.4% of foreign residents managed to obtain Portuguese nationality in that same year, a percentage that exceeds the 2% registered in Europe as a whole. With a naturalization rate higher than Portugal, is Sweden (7%) and also Romania (4.7%).
Full year-figures for 2020 confirmed that despite the pandemic investors remained interested in the Portuguese Golden Visa programme throughout 2020. Although the annual total fell by 5% compared to 2019, the truth is that 2020 still presented significant positive monthly fluctuations.
It becomes important to mention that over the past two to three years, the Golden Visa scheme has seen significant growth as applicants became aware of its competitive price points. Housing prices in Lisbon, the capital, are one of the lowest amongst western European capitals, making the country an attractive spot for many investors, but also digital nomads.
The fact that nationality law was also approved in the country enabling children of immigrants to have Portuguese nationality at birth. Read more about it here.
A third place in the worldwide peace ranking is also a testament to how Portugal enjoys a blend of unique characteristics that makes the country truly special. Even more so considering that 2020 was a year that saw a slight global drop in the average level of global peacefulness. Read more about Portugal among the World’s safest countries.
Where to retire in Portugal for under €30.000?
Lisbon is the third best city in the world for foreigners to live
Number of millionaires in Portugal will increase by 49% by 2024
The European Union is considering a “digital green pass” aimed at facilitating cross-border travel during this new normal. This digital certificate will show proof that a person has been vaccinated as well as display the results of tests. Read more about the digital green pass to travel to the European Union here.
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investor from the USA
Very helpful. Work with his heart. Mark is a very nice advisor.Investor from Morocco
Everything was perfect. I got all answers about my questions.Investor from Turkey
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investor from the USA
The overall experience was great from follow up to After Sales. I would like to give special thanks to Mr. Simon, Ms. Francisca and Ms. Mariana.Investor from UAE
George Hobson is a pleasant young man, came across as knowledgeable, experienced, hardworking, honest & disciplined; I felt very comfortable in easily making my investment.Investor from UAE