In a bid to attract investment towards redevelopment of Lisbon's city centre, the Portuguese government has reduced the minimum investment required under its Golden Visa Program to EUR 350,000. However, investors will have to purchase properties situated in specific districts that have been identified for urban renewal and redevelopment.
This move is expected to result in the renovation of historical properties and improvement of business districts, which may contributed to revived investor and business interest in real estate that has been upgraded to match international standards.
Portugal's Golden Visa program, which is one of the most popular investment immigration programs in Europe, is set to attract even more investors as authorities seek to liberalize existing criteria.
From its launch in October 2012 through the end of the first six months of 2015, the program has attracted close to EUR 1.5 billion FDI into the country. Around...