Portugal Golden Visa – Low Probability of Changes in 2021
In 2019 alone, financial investments associated with the scheme pumped a staggering 742 million into the Portuguese economy, increasing the number of worldwide property financiers betting big on the Portuguese property market.
The bulk of investors usually come from China, Brazil, Turkey, South Africa and Russia. According to Casaburi, “Perhaps the silver lining of the Covid-19 pandemic is that the federal government might send out the message that Portugal will be open and inviting [to] service, and for certainty’s sake, hopefully they will not put a time stamp on it.”
Whatever outcome plays out, the general consensus within the residential or commercial property sector exists that the Golden Visa scheme could critically aid in the market’s healing following the international pandemic.
Established in 2012, investors can acquire residency licenses on their own and their families offered that they make a qualifying financial investment in property.
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