Portugal Offers New Golden Visa Option
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- Опубліковано 30 вер 2024
- #portugallife #immigrationvisa
People retire to Portugal because of how safe and affordable the country is to live. Portugal is rolling out another kind of Golden Visa program as they are trying to attract investment for immigrants. Whether it be Lisbon, Porto, the Azores, Madeira, or the Algarve, Portugal is a great place to be.
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Some of you may be interested in this new golden visa option for Portugal
At this point we are weighing the D7 Visa route vs the new options. We were just in Lagos and it seemed several nice Condo complex projects with cranes seemingly at a standstill and was concerned if real estate of the over $500K price has taken a hit since they stopped that Golden Visa last year? I understand some investment companies are getting creative in packaging the new options into projects that can actually gain a return on your investment over a period of years? Have you heard of any of this?
I'll try to be brief if you don't mind. Yes, properties over 500k are taking a hit, mostly because they were 300k properties priced at 500k for golden visa purposes. Properties appropriately priced, are still being bought by Brits, French, some Americans, and people from India. Even in a hot market, it can take 6mo-1yr to sell a property in Portugal.I speak from experience. Construction stoppage is mainly two reasons- Government permitting delays, and labor shortage. Much of the construction workforce in Portugal is brought in from Africa and there are immigration delays that cause overall delays in building. We live in Lisbon, in a good area (Lapa), and over a dozen buildings started renovation/construction in 2018, but they are still not completed. As for getting a return, I think you would need to be in a place where you could do VRBO or AirBnB. The Algarve is packed in the summer, and often in the shoulder seasons and winter, we go down there to be around less people, meaning, you could still get your place rented out and get a return. Hope this information helps.
I wonder if it’s an attempt to give visas to well off people, who can financially assist their fellow immigrants, like Brazilians? Or, well off African-Americans and others from the diaspora, who could help immigrants from Africa who aren’t as well off? So, a way to get help assisting those who Portugal has a connection?
You may be correct on this. In the local press, it has been portrayed as something that will increase illegal immigration, and it will help to destroy the Portuguese culture. What is interesting is this: 12,718 golden visas have been issued in Portugal. 96% of those were the real estate option. So, this will impact and incredible small group of people, so I have a hard time seeing what some are looking at it negatively. To your point, if it helps less fortunate people gain access to Portugal, why not?
@@traveltidbitsrus I haven’t heard anything negative from my friends in Portugal. I have friends from Mozambique, Portugal and others who’ve moved to Portugal. Yes, the Golden Visa hasn’t been very interesting to most people. They’re probably more aware of the minor appeal, and less impact. When it had a real estate component, it was more interesting. The investment was less than the price of a modest home in California. I’m not well off, in the Bay Area, but I could have met the Golden Visa requirements, in the past. I’m caught between France and Portugal, and I like the idea of freely bouncing back and forth, with a base in Portugal.
@@Nubianette When the NHR change was announced here in Portugal, many Americans started looking at France, particularly Southern France, as a place to consider along with Portugal. I think there is still a direct flight for you via TAP Portugal, from SFO to Lisbon. It's always nice to be able to have a direct flight to get in and out of a country.
What about D7 still open?
D7 is still an option
Maybe they should call this the Socialist Visa program?
Why? Really, what kind of comment is that?
"riceman"....maybe too much rice?
To me it makes sense because POrtugal is part of the EU and the EU has a budget that includes Social reforms and infrastructure etc.
Coming up with money to assist immigrants that have not, on their initial phases in Portugal, contributed financially towards their needs, is a way to support the Portuguese government and therefore, the Portuguese, not to detour money that come on the EU budget towards recent non-EU immigrants.
Of course Portugal will eventually support these non-EU immigrants but these Golden Visa investments will provide the immediate assistance in housing, for example, while the Portuguese Government is prioritizing the Portuguese citizens and legal immigration (EU immigration).
Great comment.
@@traveltidbitsrus Thank you! 😊
There is a high chance that this will be hijacked by Islamist elements as a method to build mosques etc. In theory, these facilities are open to everyone, but in reality they will be exclusively used by adherents to that religion and used as a mechanism to spread certain ideologies. Sounds like a fabulous idea. What could possibly go wrong?
I think you hit on something that I've seen talked about on tv coverage and in the newspapers.