Evora Hotel - Evora - 280,000 EUR Qualifying Golden Visa Project
The Évora Hotel will operate under a major hotel chain brand and offers a rare opportunity for investors to qualify for the Golden Visa program with an investment of just 280,000 EUR into a hotel branded project. The project offers a guaranteed buy back after 5 years to investors who invest in hotel shares and by the time the 5 year period comes to an end, if the investor has spent at least one week in Portugal per year then they will be eligible to apply for permanent residency and citizenship.
The hotel is located in the charming town of Evora which is a world heritage site home to a roman temple, historic square and Portugals second oldest university. The vibrant town located just over an hour away by car to Lisbon, has a population of around 60,000 and is the largest town in the region of Alentejo.
The Evora hotel will feature 140 bedrooms, a reception & shop, a bar and restuarant, Roof Top Pool & Bar and multi-functional meetings rooms. The general requirement for Golden Visa applications is a minimum investment of 500,000 EUR into real estate, however golden visa legislation in Portugal means that a 30% reduction is applied to the minimum investment requirement for investments into buildings that are over 30 years old that require renovation, therefore there are a number of projects where investors can qualify at the 350,000 EUR mark (including renovation costs).
On top of this when a project is located in an area of low density such as this on in Evora, the minimum investment required is reduced by a further 20% to 280,000 EUR. Projects like this, especially one of this caliber can be hard to come by and sell out extremely quickly as they are especially popular with Golden Visa investors. The developers behind this project are specialists in this field and own around 50% of the market share for Golden Visa renovation projects in Portugal. They have a fantastic track record and have delivered a large number of successful projects since the inception of the Golden Visa program. Contact us for more details!