I have talked to several Golden Visa real estate providers and lawyers about what changes will happen in July and gotten two different answers:
- Real estate in Lisbon/Porto will be restricted but low density areas, funds, etc will be unaffected. (This is what most said.)
- Investment requirements will increase across the board: new real estate from 500 thousand to 1 million, rehabilitation projects and funds from 350 to 500 thousand. Low density reduction of 20% still applies so rehabilitation in low density area would increase from 280 to 400 thousand. (This is what one lawyer said.)
Obviously for anyone with a constrained investment budget option 2 is a scary thought! Your required investment amount could almost double. Can anyone confirm whether that is happening, or is this all speculation because the changes haven’t been finalized yet?