Portugal Government has approved changes in Golden Visa program which will apply from Jan 1, 2022.
The Decree law 14/2021 which comes in to force on Jan 1, 2022 increases of the amounts involving “Investment activity” for real estate and capital transfer investments.
Main changes in Real Estate: Property purchase price stays the same: €350,000 minimum for “second hand” homes or over €500,000 for new-build properties but only allowed for particular regions (the Autonomous Regions of the Azores and Madeira or in inland territories).
The New law does not prohibit commercial investments which will continue to be allowed in Lisbon/Porto and Algarve regions.
The new decree-law aims to bridge regional differences, promoting quality of life and sustainable development in rural and inner regions of Portugal