The demand for Golden Visas in Portugal in 2021, or Residence Permits for Investment (ARI), as they are officially called, is accelerating, a trend that should continue in the coming months, bearing in mind that in January 2022 foreign real estate investors (from outside the European Union) investing in the coast and metropolitan areas of Lisbon and Porto will no longer have access to the much loved Golden Visa after it was first announced that the golden visa in Portugal would be suspended in 2020.
The recent surge in applications has been confirmed by luxury real estate brokerage Portugal Sotheby's Realty, which launched an international campaign ("Last call for Golden Visa") in March to take advantage of the last few months of golden visas in Portugal.
The campaign has been a success, revealed Miguel Poisson, the company's director in Portugal. "We have hundreds of foreign investors who have expressed interest in the programme. Lisbon, Porto, Algarve and Madeira are the regions where are seeing more demand," he said, quoted by the Portuguese newspaper Jornal de Negócios.
According to Miguel Poisson, the new rules for golden visas that start in January 2022 could "kill the programme". "People invest where they want and many want Lisbon and Porto. Many investors have already told us they are not willing to go inland," he added.
It should be noted that in the first 4 months of the year 2021, 326 golden visas were granted, for a total investment of 173 million euros, 25% and 17% more, respectively, than in the same period of 2020.