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1 year ago

Bad news about Golden Visa through property purchase

1 year ago
Quote from https://www.idealista.pt/news/financas/investimentos/2022/05/31/52530-vistos-gold-parados-no-sef-investimento-imobiliario-em-causa
Site is in Portuguese. Chrome browser translates.

"The golden visas, an engine of real estate investment and growth of the national economy in recent years, have given rise to talk, both nationally and internationally, with several entities demanding their end, or at least the change of rules - which recently happened . And now there is a new controversy in Portugal, with serious consequences for the sector's performance, as reported by several sources: since the beginning of the year it has not been possible to submit a single golden visa process for the acquisition of real estate in the country.

In other words, foreign real estate investment through this program is at a standstill. idealista/news found out that this is happening because the platform to insert new Residence Permits for Investment (ARI) of the Foreigners and Borders Service (SEF) is frozen and “awaiting regulation” resulting from the legislative change to the golden visa program that entered into force on January 1, 2022."

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