Portugal is one of Europe’s most popular real estate investment destinations. It is in high demand due to its climate, cost, and safe environment.
Low-density locations in Portugal are currently attracting a lot of interest from both locals and foreigners. People are looking for quieter locations as major cities such as Lisbon and Porto become increasingly crowded. You’ll discover more about low-density areas and how to invest in them in this post.
What is the Definition of a Low-Density Area?
Let’s start with an explanation of what “low-density area” means. Low-density areas are defined as locations with a population density of fewer than 100 people per square kilometer or a per capita GDP of less than 75% of the national average. Lisbon and Porto, for example, aren’t considered low-density areas. The Azores and Madeira Islands are also excluded.
The Douro Valley, Setubal, Evora, and several Algarve regions, on the other hand, are considered low-density zones. Additionally, purchasing a house in these locations that requires rehabilitation may qualify you for a Portugal Golden Visa.
Best Low-Density Areas in Portugal
Here are some of Portugal’s most popular areas of low-density and golden visa eligible interior regions:
The Alentejo region of Portugal is a popular rural tourism destination. Many wineries are located here, and the area is known for its tranquility. Lisbon is a 2-hour drive away. It is not a touristy location, but it is still open to new constructions, making it an excellent spot to invest in real estate.
Comporta real estate is an excellent investment if you want to be away from the crowds while still being close to the city core. Lisbon is a 1.5-hour drive away. While there are numerous structures in the region that need to be renovated, there are also new magnificent villas.
Aljezur is in the Algarve, but it has a more laid-back vibe than the other big resort towns in the area. If you want to live in a calm area near the beach, Aljezur real estate is a great option. Apartments to luxury villas are among the available properties.
The Douro Valley, located in northern Portugal, is a famous tourist and ex-pat destination. The properties in this area have a distinct local flavor and offer spectacular views. You can begin your search for a home in Douro Valley if you want to live in a place where you can appreciate nature.
What are your Options for Investing in a Low-Density Area?
Given Portugal’s growing reputation as a technological and financial hub, making an investment in the country is becoming increasingly vital. Let’s have a look at some of the most important advantages.
Spend less money to obtain European residency
The purchase of a real estate for €280,000 is one of the lowest investment requirements in Europe’s Golden Visa programs. You will be granted residency in Portugal if you invest €280,000 in the purchase and refurbishment of a property. Furthermore, by spending an average of seven days each year in Portugal, you may be eligible to apply for citizenship after five years.
Invest where you can make a profit
When compared to Lisbon, Porto, and other big cities, real estate in low-density areas is still more affordable. If you buy a house in a low-density location, you can rent it out and earn a high profit. Short-term touristic rentals are becoming more popular, making this an excellent financial opportunity.
There are several regions in Portugal that are close to large cities like Lisbon, Porto, and Faro. You will pay less for a house if you invest in it, but you will still be close to major cities for an easy commute.
How Can we help you obtain a Golden Visa for Portugal?
We are full-service investment immigration and financial advisory firm. We provide residence and citizenship by investment programs in a number of countries across the world.
Our staff includes legal professionals and qualified real estate specialists, and we have a local office in Portugal. We work with clients from all over the world who want to get a Portugal Golden Visa and invest in real estate in the country. Contact us today to speak with a member of our knowledgeable staff.