Why investing in real estate may be the safest way to obtain a Golden Visa?
Citizenship of Portugal and a second passport conveys the right to live, work and study anywhere in the European Union. The Portuguese residency card granted through the golden visa programme allows the holder to travel throughout the EU Schengen zone.
Why investing in real estate may be the safest way to obtain a Golden Visa?
Even during a financial crisis like Corona, the rents will be maintained while other options, like funds, will likely loose capital, which implies a degree of investment stability.
Although the prices in Lisbon have increased in the last few years, Portugal is currently the most attractive real estate market in Europe with a strong growth rate of circa 5,6% per year, despite the Corona crisis. Low investment prices and excellent rental returns add to the attraction.
Portugal is currently attracting many international investors because of the high profitability in the real estate market. Real estate can grant a net annual capital growth rate of around 8% and above.
If you have to leave your home country, you can have a second home that you can use for yourself or If your children want to live and study in Europe, they will already have a place to stay.
Portugal has developed in recent years to a prime holiday destination with approximately 26 million tourists in 2019. The cities of Lisbon and Porto attract many tourists due to their good connections with low price airlines and cruise ships. The entire Algarve is a famous region for classical beach holidays.
There is also an extremely high potential for long term rentals. Many smaller cities have opened their Universities to international students which has created a huge demand for student housings.
For further information or to discuss any of our variouse citizenship through investment programmes, contact me. I will be happy to help with whatever questions you may have.
Rob.
E: robert.gourlay@holbornassets.com T: (+6) 01151565649 W: www.rgwealthsolutions.com
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