Following 10 years of a successful program, the government increased the minimum threshold for investment and limited the areas for this type of investment.
You will still need to spend at least €350,000 for rehabilitation projects and €500,000 for other properties. If the property is located in an area of low population density, you can get a discount of 20%.
If investing in a rehabilitation project, you can buy any residential property in Portugal’s autonomous islands of Madeira and the Azores with a minimum of €500,000 or €350,000.
Investors can also purchase commercial real estate intended for services, commerce, tourism, aparthotels, etc. – anywhere in the country worth at least €500,000 or €350,000 if investing in a commercial rehabilitation project and if the commercial property is located in a designated low-density area, then a 20% discount applies.
We are RocaEstate – a real estate agency located in beautiful Cascais, Portugal. By buying a property with us, you will receive turnkey support for the transaction without long searches, legal complications, and bureaucratic delays.
You can reach us by WhatsApp by this link:
Or just call us at this number +351 913 471 797
Also, you can write an email at contact@rocaestate.com
Looking forward to hearing from you! ❤️
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