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January 25, 2021

Portugal: Best Locations to buy Property

Portugal Residency Program and Portugal Golden Visa is one of the most popular programs among our clients. The program lets apply for Citizenship in 5 years, which means that the whole family will be able to live, work and study freely within the European Union.

To obtain a Residency in Portugal, there are 3 qualifying options, one of the Property Investment from €280,000, it can be either residential or commercial real estate.

Taking into consideration that Portugal and Madeira are some of the best places to live and retire, investment in Portugal real estate is one of the best things one can do. Today, the property market in Portugal is well-established and the property is sold freehold, therefore there are no restrictions.

To make your property purchase in Portugal easier, Mann’s Solutions has prepared an overview of some of the best locations in Portugal for property investment.

Lisbon

Being one of the most popular cities in the country and Portugal’s capital, Lisbon provides the best opportunities for entrepreneurs with its large and qualified consumer market. The prime market prices of Lisbon are already around 10,000 EUR per square meter, which makes it more expensive comparing to other regions and similar to Barcelona and Madrid. The quality of life in Lisbon is great, there are well-developed facilities and the atmosphere of the city is magnificent. 

Porto

Porto has almost tripled the number of arriving tourists since the arrival of low-cost airlines. More than 11 million people now pass through the city and airport. Being a large city, with strong agriculture and industry, Porto is a home for 1.7 million inhabitants living around the region. It is easier to find the property there than in Lisbon and prices per square meter starts from 2,500 – 5,000 EUR. In addition to that, Porto offers an extensive transportation system and has incredible historical places, such as Clerigos Tower or the Crystal Palace Gardens.

Algarve 

Algarve is one of the most popular summer rental markets. There are breathtaking beaches and places that you can visit like the Ponta de Piedade, the Praia da Falesia, and Cape St. Vincent. In this region selling the property will not be as easy as in Lisbon and Porto and also there are certain strict regulations about who can buy the property, so the best decision would be to talk to your real estate agent. 

Cascais

Cascais is a very important tourist destination located less than an hour’s drive from Lisbon. With a population of 200,000, the place is an excellent idea for people looking for a gorgeous coastal view. The prices for properties vary from place to place and properties located nearer to the marina are more expensive than the others. Cascais is the perfect place for high-end property and investment as the property prices keep rising and it is easy to rent out the place.

 

Managing Director of Mann’s Solutions Evgeny Pavlov commented: 

“Property investment is one of the most popular investment options talking about Portugal Residency. However, more and more investors are choosing to invest in Property Investment Funds, which are fully managing their properties, take care of the documentation and guarantee the rental income.”

 

Portugal Residency Overview

 The Portuguese Residence Permit Program grants the right to live, work and study in Portugal, with visa-free access within the EU countries. The program investment options include the creation of at least 10 jobs via investing into business; investment of €1,000,000 or purchase of real estate within a range of €280,000 – €500,000, depending on where it was built.

 

Program benefits

Portugal residency by investment program grants the applicant a 5-year residency permit and let’s apply for permanent residence and citizenship after this period. The Program requires only 7 days a year visit to Portugal in a 1 year and 14 days visit during each subsequent 2 years to keep the permit. Portugal residency allows the whole family to travel without a visa to all Schengen Zone countries and gives access to high-standard education.

 

  • Investment from €280,000
  • Low minimum stay requirements
  • Access to high standard education
  • Beneficial tax regime
  • Profitable property investment

 

Investment options

Become a permanent resident of Portugal by choosing one of the following three qualifying investment options. The requirement to maintaining the investment is a minimum of 5 years from the date the residence permit is granted.

 

  1. Property investment from €280,000 
  • €500,000 – purchase residential or commercial real estate (€400,000 – a reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density areas).
  •  €350,000 – purchase residential or commercial real estate over 30 years old requiring renovation. (€280,000 – a reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density)

 

2. Creation of 10 Jobs or Business Investment

 

  • Create a minimum of 10 new jobs OR
  • Invest a minimum of €350,000 in business and create a minimum of 5 permanent jobs

 

3. Capital Transfer From €1,000,000

 Applicants are required to make a capital investment into specifically approved investment options or Portuguese bank account.

 

 

LONDON BASED SOLUTIONS ADVISERS – Portugal Residency Program

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

•          Property virtual tours, 3-D tours and in-person tours available.

•          Due diligence checks and additional property checks completed by our experts.

•          Residency & Citizenship document preparation and submission.

•          Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.