Portugal as a Safety Plan for Wealthy Families Worldwide

24 May, 2024

Portugal as a Safety Plan for Wealthy Families Worldwide
The social and political instability felt in some countries, such as the United States, has led affluent families to seek second passports from countries like Portugal, Malta, Greece, Italy or New Zealand as a contingency plan.

Among these destinations, Portugal, especially in the Algarve region, emerges as a preferred choice for Americans seeking a second passport.

This is because, in Portugal, Americans could become residents through the Golden Visa, a program that allowed non-European investors to obtain residency in Portugal by purchasing property with a minimum established value.
This visa also facilitates movement within the Schengen zone.

However, in 2024, upon realizing that their passports were in unusually high demand, Portuguese authorities added restrictions to the program, removing the provision that allowed the purchase of property in Portugal to offer a pathway to citizenship.
According to Reuters, it is still possible to leverage the program by making other types of investments in Portugal.

Despite these changes, the real estate market in Portugal is expanding, with growing demand from foreigners, especially Americans, Britons and French.
The diversity of options is vast, ranging from modern apartments in urban centers to luxurious estates and villas in rural areas.

Investing in real estate in Portugal, particularly in the Algarve, is not only a smart financial decision but also an opportunity to enjoy a full life in one of the most charming and welcoming countries in the world.  If you are looking for a safe place with excellent quality of life at an affordable cost and tax advantages, Portugal is the perfect choice.  Don't miss the opportunity to invest in a country that promises not only financial returns but also an unparalleled lifestyle.

For more information on how to invest in real estate in Portugal, contact us.
We facilitate the purchase process, ensuring access to the best locations, a direct, fast and efficient approach, respecting your privacy and conducted in your language, with a highly specialized team with nearly two decades of experience.


This article is based on recent information about the growing interest of foreign investors in the Portuguese real estate market at www.yahoo.com/news/rich-americans-want-backup-plan-203415996.htm