Portugal Golden Visa investments in 2021

  • Home >
  • News >
  • Portugal Golden Visa investments in 2021

Portugal Golden Visa investments in 2021
Reading time: 12 minutes
Published: 15th November 2021, 1:29pm
Updated: 15th November 2021, 2:08pm

Portugal Golden Visa investments in 2021

Index

  1. Portugal Golden Visa numbers in 2021
  2. What is the preferred Portuguese Golden Visa Investment Option?
  3. What is the minimum investment for Golden Visa in Portugal?
  4. How can I apply for a Golden Visa with my family?
  5. Portugal attractive for FDI
  6. Dual-citizenship: The post-pandemic wealth
  7. The best time to apply for a Golden Visa 2021/2022

Investments raised through Portugal Golden Visa reached almost €337 million in October, according to SEF data

1. What are Portugal Golden Visa numbers in 2021

  • The Portuguese Golden Visa became the first programme reaching the 10 000 applicants’ milestone ever since it was launched - raising a cumulative amount of €5,964,585,395.77 being 94% of it in the form of Real Estate, i.e., almost €600K per applicant;
  • In 2021 till the month of October, 621 Portugal Golden Visas were processed through Real Estate;
  • Citizenship through real estate investment totalled almost €337 million in October 2021;
  • The Chinese nationality is leading, despite a slight decrease of 3.6% in the number of applicants compared to 2020; though there’s been a great surge from Hong Kong as investors felt they may not have enough time to do the transaction because the process of obtaining a Golden Visa will usually involve onboarding, getting a Portuguese bank account and fiscal number.

2. What is the preferred Portuguese Golden Visa Investment Option?

There’s been a slight decrease compared to the same time frame in 2020 which totalled 654 visas, however, investors still prefer picking the Real Estate purchase option when it comes to acquiring European residency.

It becomes important to mention that the 350K Golden Visa, which is one of the preferred routes, is currently undergoing a shortage of supply due to increased international demand and due to the upcoming programme changes. This means that properties eligible for this option will no longer be available in premium areas like Lisbon or Porto. Our advice is to extend your investment to the 500K Golden Visa option. Learn more about it with our CEO, David Poston, here.

3. What is the minimum investment for Golden Visa in Portugal?

Portugal residency by investment includes:

280k – This level of investment is available only for properties in low-density areas, i.e., interior territories or in the Autonomous Regions of the Azores and Madeira;

350k – With this level of investment, the applicant can purchase Real Estate located in urban areas. Note that from January 2022 you can only purchase a Golden Visa property in the interior territories or in the Autonomous Regions of the Azores and Madeira. Properties must have been built more than 30 years ago and should be in need of refurbishment. The sum for property and reconstruction must reach the 350k minimum investment; 

500k (and more) – You may invest in all types of Real Estate investments available in Portugal (until the new changes are put into place in January 2022);

From January 2022, you will still be able to invest in Commercial, Offices, and Touristic Developments in coastal areas of the mainland, and the 500k option will still be eligible for you anywhere in the Azores and Madeira. However, major cities like Lisbon, Porto, the Algarve, Braga, amongst others, will no longer qualify or be eligible for Golden Visa investments.

If you are interested in purchasing a Golden Visa property in Lisbon, Porto or the Algarve, now is the time to do so as changes will come into effect on the 1st of January 2022.

4. How can I apply for a Portuguese Golden Visa with my family?

Portugal is not only a great place to retire, but it is also a good choice for you to move in with your family. Although with plenty of planning involved it could be a serious life change, you will realize that Portugal is a warm, healthy, hard-working country that welcomes everyone. If you wish to start your process of family reunification and have questions about the application, check our FAQ sections below.

What are the Golden Visa 2022 changes?
Golden Visa Family Reunification
How can I get Golden Visa in Portugal? - Your application process, requirements, renewals and advantages

What’s more, you will surely need to enrol your children in a good school. Within the Portuguese education system, there are options that fit every budget, however, if you plan to raise your kids in a multicultural setting, then international schools might be the best option. Take a look at the best schools in Portugal here.

5. Portugal attractive for FDI

In a year marked by the pandemic, Portugal also joined the 10 most attractive countries for foreign direct investment (FDI). The Real Estate and Construction sector, in particular, is considered to be the second-largest growth driver of Portugal as even during covid-19 it was revealed to be resilient, having been one of the least impacted by the pandemic. 

Curiosity: Thanks to this resilience in the sector, Portugal Homes was able to bring to life the Project Development & Construction Department, a team focused solely on managing clients investments from the moment the property is built to when it’s handed over. 

Learn more about the Project Development & Construction Department here.

Lisbon was also one of the cities to be recognized as a must-live aspirational tech innovator. Not only the Portuguese start-up ecosystem has been growing sharply, turning Lisbon into one of the biggest start-up hubs in Europe, as it is also easy to have access to private capital in the country, which is an important concern for investors and entrepreneurs. Foreign investment is hence booming in Lisbon and it tends to continue in this direction

On top of that, it’s also worth mentioning that Portugal has emerged as the most attractive avenue for investment migration, thanks to its low cost of living, low crime rate, ease of doing business and the fact that English is widely spoken in the country. Plus, Portugal is also considered one of the safest countries in the world, giving expats another reason to want to live, retire or even work here, making their relocation experience much easier.

What’s more, our advisors at Portugal Homes managed to adapt to the current situation and have been making the personal effort of virtually showing properties and also building a rapport with clients very easily.

Watch the video below to understand how one of our Investment Team Manager Advisor, Simon Hobson, can help you make an informed decision regarding your Golden Visa investment even if you’re overseas.

6. Dual Citizenship: The new post-pandemic wealth

Although travel restrictions were one of the main reasons for investors to postpone the purchase of properties through the Portuguese Golden Visa, the global situation ended up highlighting the importance of having dual citizenship: a European residence or passport, which becomes a plan B - an alternative to economic, social, political and even public health instabilities in investors country of origin. Not to mention that there’s the possibility of bringing the whole family within the scheme, as Portugal has one of the best cost-benefit Golden Visa programmes in the world

It’s true that Portugal has been attracting interest from expatriates from all walks of life. The affordability, warm weather, as well as the recent strengthening of the healthcare system during the pandemic have turned the country into a popular hotspot for clients to invest in.  Plus, the fact that it holds one of the most powerful passports in the world, also makes it attractive to acquire a second citizenship.

Other studies prove that expats living in Portugal are amongst the happiest in the world: 84% consider themselves happy with their lives, compared to a global average of 75%. They especially value local leisure, the sunny climate, safety and peace. Furthermore, the food, healthy living and Mediterranean lifestyle overall have given Portugal the title of one of the healthiest places to live in 2021.


Read also:


7. The best time to apply for a Golden Visa

If you wish to build your investment portfolio at the heart of Lisbon or even Porto, you may do so until the end of this year as the announced Golden Visa changes will come to an effect in January 2022. Watch the video below where David Poston addresses the changes, existing investing options and the next best steps moving forward.

Learn more about how to start your Portuguese Golden Visa process with us here.

16th November 2021
When you are planning to purchase a second home for the holidays, you…
11th November 2021
Californians are moving 5,500 miles away to beautiful Portugal. Does it…

Buying Property in Portugal

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.

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

Luísa is a very understandable person, she knew exactly what we were looking for and even showed us and gave us more choices to pick from. Very professional advice, hospitality and service.

Roshana (Zulfiqar) Mian | Hong Kong

My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.

Investor from the USA

Dear Sérgio, thank you so much for arranging our 1º Esquerdo place. We love our place, and your attention to detail is very much appreciated. 

Tim Thronson - Investor from the USA

A full service, one stop opportunity. Very easy for us a foreigners. Ryan Dunn went above and beyond for us. We appreciate him and his work!

Jose Arias - Investor from the USA

Everyone I met with and spoke with has been extremely knowledgeable and professional. Dealing with native English speakers who understand things from my perspective was very reassuring. Finally, knowing that I had Matthew in my corner gave me the confidence to proceed with the process of buying an apartment in Lisbon. Thanks very much.

Investor from the USA