I’ve read a lot on the subject and get a little conflicting information. For now, although I know they’ve talked about removing Lisbon, Porto and Algarve as options, though I also believe COVID has put those plans on hold.
It seems you can either buy and re-model a property in a designated “urban regeneration” zone or simply buy a property that is at least 30 years old, as long as the total investment is 350K. I believe it’s an either/or situation, but than some things I read make it sound like it has to check all those boxes. It’s a little unclear.
"The two real estate investments imply the acquisition of a real estate asset with construction completed at least 30 years ago or located in an urban rehabilitation area, with the execution of rehabilitation works. The values 350k or 280k are the sum of the property acquisition costs and the renovation costs excluding taxes. "
I have no problem buying a 30+ year old property. We’d like something much older with character. Why buy and move to Europe to be living in another cookie cutter modern concrete box?! Can anyone advise on the exact rules of the 350k real estate investment threshold? Thank you