Golden Visa Portugal The most wanted investment in Citizenship by investment

Golden Visa Property Surge in Portugal

LARGEST GOLDEN VISA PROPERTY SOURCE

A recent report conducted and published by Portugal’s National Institution of Statistics, has shown that, in the third quarter of 2018 alone, the house prices in Portugal had risen by seven-point-six percent when compared to the previous year. In the quarters from two to three of 2018 alone, the house prices in Portugal have experienced growth of one-point-three percent.

An impressive thirty one thousand five hundred and thirty five property transactions have been withnessed in Portugal in the period between July and September of 2018. That is fifteen-point-eight percent more property transactions than in the same period of time in 2017.
The total value of capital that has been generated by these sales is three-point-six billion euros.
Lisbon, the capitol of Portugal, and its surrounding area are responsible for the largest portion of property sales in the country. Lisbon and its surrounding area alone have accounted for thirty four percent of total property transactions in all of Portugal in this period.

Since the economic crisis that hit Portugal back in 2012/2013, the Portuguese market has been steadily growing and getting back on its feet. As a result of this improvement, property prices in Portugal have experienced a significant growth over the past few years.
Since the first quarter of 2013 up until today the prices of property in Portugal have risen by a full fourteen percent and all the market data analisys seem to indicate that there does not seem to be any signs of these rises slowing down either. As of now, the current appreciation rate stands at around four-point-five percent per annum.

The Portuguese Golden Visa program is certainly one of the major factors that contribute for these increases in the property prices. This statement is backed up by the fact that, since the introduction of the Golden Visa program back in October of 2012, Portugal has seen a major boost to its economy.
The Portuguese Golden Visa program remains one of the strongest ones of such nature in the world, and remains extremely popular for those investors who are looking for a flexible residency program in Europe as well as the opportunity to become eligible and apply for citizenship after the six year period.

For more detail on the Portuguese Golden Visa program, please contact us at PropertyLisbon.com

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Reduced Citizenship Investment Option and its many Benefits

Since its introduction in 2012, the Portuguese Golden Visa program has been steadily rising in popularity and is considered by many to be one of the best residency programs in the world.
Nearly three and a half billion euros has been invested in the country in less than six years since the begining of the program, and the effects are visible everywhere. Perhaps nowhere can be a better example than Lisbon. Lisbon is a cosmopolitan metropolis, the capitol of Portugal, and possesses a rich history.
It has undergone a series of constructions, restorations, and regenerations, while its landscape still maintains its unique history, culture, and architectural integrity. All of Portugal’s major cities have undergone extensive renovation, updating quality of life systems such as plumbing, electrics, and windows, but without changing the exterior facades, thus preserving the traditional aesthetics.
The key distinguishing feature of the Golden Visa program from others like it, is the focus on maintaining the architectural beauty and history of Portugal’s major cities.

Reduced investment option at €350,000

Where the traditional Golden Visa program requires an investment of €500,000(65A-c), the reduced investment option stipulates that a Golden Visa can be issued to those investing as little as €350,000(65A-d), provided that the investment is made in a property slated for renovation, more than 30 years old, or located in a designated area of urban rehabilitation. The introduction of this option at the end of 2015 demonstrates the importance the government places on rehabilitation. The rules and laws surrounding property renovation can be rigid, and making sure that the required conditions are met can be a challenging and tedious process. In spite of that, the interest in the area in increasing with each passing day, and the reasons for it are clear. The potential for capital gain, especially due to the location and the style of the properties, is obviously very high. Additionally, it is important to note that the minimum investment requirement includes the cost of renovation, not just the value of the property itself.

Golden Visa applications on the rise

Since the first 65A-d Golden Visa was issued in July 2016, in just eighteen months the number has grown exponentially, surpassing one hundred 65A-d category Golden Visas issued. With over five thousand hundred total Golden Visas issued to date, category 65A-d visas comprised only 0.39% of the total number of Golden Visas issued by the Portuguese authorities by February 2017. However, in just one year, this ratio has grown more than five-fold, rising to 2.05%. The legislation is obviously still in its infancy, however, the trend is clear. Due to the advantages of the program, both for investors and for Portugal’s urban rehabilitation goals, the trend of upward growth is expected to continue for the foreseeable future.

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Portugal Golden Visa Property Investment

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