As Portugal’s golden visa real estate inland, capital will move with it. Here’s how to identify the new property hotspots before they take off.
A transition period that will see the exclusion of metropolitan and coastal areas from the program will begin on July 1st next year.
What pandemic? Even during the worst month of the COVID-19 outbreak, Portugal’s golden visa program raised more than EUR 28 million, fresh figures show.
Mendes, leader of the Socialist bench, said her party would do away with golden visas for hotspots Lisbon and Porto in favor of less developed regions.
The share of investors who pick options other than the conventional EUR 500,000 property purchase has more than tripled in the last three years.
Portugal’s government wants to channel more golden visa funds into non-real estate projects to address concerns about housing costs. That will not be easy.
