Two weeks after the Portuguese parliament largely approved the housing bill known as Mais Habitação (More Housing), President Marcelo Rebelo de Sousa has decided to veto it. The bill is now sent back to parliament for further scrutiny and another vote.
This means there is a little more time to achieve a Golden Visa via real estate investment. If you think you've missed your opportunity to apply for Europe's most popular residency-through-investment programme, now is your chance.
Time is of the essence
According to legal experts the veto represents a political disagreement rather than a constitutional one. The President has issues with aspects of the bill related to tourism and obligatory leasing.
The veto doesn't mean the end of the bill; rather, it delays its enactment. This grants investors eyeing the golden visa program via real estate investments an extra month to proceed under existing terms.
As the legislative body is currently in summer recess until September 2023, the anticipated approval of the bill will make real estate investment no longer an option for the golden visa program. However, alternative investment avenues will still exist.
Let us be your Guide
We would love to help you achieve your dream of Portuguese residency. Contact us today for a consultation on which Golden Visa option best fits your investment profile. we have already done the homework for you. We'll point you in the right and most inspiring direction.
The Modern Promad
There's a new collection of clubs, houses and flats centred on 'lifestyle' in Lisbon. A 'home away from home' concept with a new central business and leisure club taking root in a beautifully refurbished historical building on Rua Alexandre Herculano, Lisbon. Aimed at the modern "promad" or professional nomad, who travels for work and lives transiently. People who prefer to live like locals when travelling.
The flagship Liberdade social club will offer residents state-of-the-art amenities: a rooftop pool & terrace, extended living and gym, spaces that bring like-minded people together, a concept store, restaurant, bar, private dining room, rentable living room, lounge and working facilities. Luxury touristic apartments in Lisbon's trendiest neighbourhoods will be developed under the same brand and styled by award-winning designer Avroko. Each fully equipped with a kitchen, living and working area, while also benefitting from a wide range of on-demand services, such as: concierge service, room service, dry cleaning & laundry.
The Regal Nomad
Palatial Porto Residential Serviced apartments found in two refurbished projects: 18th century and 15th century buildings in the historical centre. Some units are "lock off"/two apartments in one concept, with the option of management services and fixed return. Porto is one of the oldest cities in Europe, and Portugal's second largest. In 1996 the city centre was elevated to status of UNESCO World Heritage. A region famous for architecture, Port, wines, and culture. This concept appeals greatly to the cultured nomad who values being a stone's throw away from emblematic landmarks, transport links, art galleries, museums, and the thriving central urban vibe of this authentically charming city.
The Rural Retreater
On the Alentejo coast, owning a piece of heaven where social responsibility and sustainability are highlighted is possible. In fact, this is the way of life; it is intrinsic to all daily choices. There are 10 fully equipped self-catering units for sale (out of 38 units) at this farm-stay. Privacy and autonomy are a top priority but one can also benefit from all the hotel amenities: restaurant, wellness area with indoor swimming pool, gym, sauna and jacuzzi, stables, dog kennels, farm, vegetable gardens, mixed orchard, yoga practice, event's building and green houses. Since opening in 2018, the hotel has allied itself with Portuguese textile makers, furniture designers and artisans. Art is not forgotten amongst all the natural elements, in fact artist residency programmes are regular occurrences here as are music showcases.
The Slow-living Socialite
Comporta and Melides have become the go-to sanctuary for many renowned a-listers, artists and designers. A place where one can escape but also dine on the beach, ride horses, practice yoga, shop for antiquities, and spot dolphins. Here you can find prize-winning V3 and 4 Villas designed with an inspired architectural vision, generous terraces, and exclusive pools, all located in a luxury resort with a clubhouse, reception, lounge, restaurant and two swimming pools. Large windows and open plan concept beckon in light and views of trees and rolling dunes. The interior design is as sublime as the surrounding landscape.
Residents will have direct access to the beach via buggy, as well as a Beach Clubhouse with five-star amenities. Maintenance of the villas and services are all provided by the resort. The only logistics to consider are how best to relax.
The Savvy Investor
Private Equity Funds are an easy way to obtain a Golden Visa. It is more hands-off, regulated and offers extensive diversification. Invest €500,000 into a carefully selected fund - offering a portfolio of prime cherry-picked properties from leading real estate developers in Portugal with solid fundamentals and diversification. We have done the research for you. If you are interested in this route, please contact us for more information on our top choice.