Portugal’s Golden Visa: Property Investment Thresholds
Are you ready to take the leap and purchase a residential property to apply for Portugal’s Golden Visa? Have you considered where and what to buy? This post is going to cover everything you need to know about the Golden Visa thresholds to help you make some decisions.
The GV program is designed to allow for real estate investments for various levels of budget. The aim is to bring in foreign money to help improve and upgrade communities around the country. Prior to 2022, there were no restrictions to locations, but since the influx of short term rental market as well as a concentration of investments focused on the main cities like Lisbon, Porto and coastal areas, the program was changed to shift funding towards the interior of the country. We built a handy map to show you where the interior covers.
Here are the details:
Investment options start at a minimum threshold of 280,000€ if it’s a low-density area and a property is older than 30 years old that needs rehabilitation which combined with the property to reach the 280,000€ threshold.
Another threshold is 350,000€ if the property is located in an interior territory area in the mainland of Portugal, as well as Madeira and the Azores islands. The property itself must be older than 30 years and needs rehabilitation. Again, like the 280,000€ threshold, you need to combine the property and the renovation to reach the 350,000€ threshold.
For properties under 30 years old, there are 400,000€ and 500,000€ thresholds. At these thresholds, renovation is not needed. The key difference of these two thresholds is 400k is for low density areas, and 500k threshold is for investing in interior territory and Madeira and Azores islands.
Até já,
Mia and Rafael