Golden Visa Portugal Suspended
As a Portugal real estate agent, I have dealt with countless international clients who have been attracted by the country’s golden visa program. This program gave investors the opportunity to obtain residency in Portugal by investing in the country’s real estate market or starting a business. It was a win-win situation: investors could benefit from a stable and prosperous economy, while Portugal could attract new capital and create jobs.
However, as of July 2021, the Portuguese government has suspended the golden visa program for investments in Lisbon, Porto, and other coastal areas. This decision was made after concerns were raised that the program was contributing to the overheating of the real estate market and exacerbating the housing crisis in some areas.
As someone who has helped many clients navigate the golden visa program, I understand the disappointment and frustration that this news may bring. However, I also believe that this decision reflects Portugal’s commitment to sustainable growth and responsible investment.
In this guide, I will provide you with an overview of the current status of the golden visa program in Portugal, as well as some alternative options for those who are still interested in investing in the country. While the suspension of the program may seem like a setback, I believe that it presents an opportunity to explore new avenues for investment and growth in Portugal. So, let’s dive in and discover what the future holds for those who are considering investing in this beautiful country.