Golden Visa properties for sale in Portugal | Athena Advisers
Golden Visa property for sale in Portugal

Fueled by increased interest from US citizens, demand for Portugal Golden Visa-eligible properties remains high with more than €184m invested in the programme so far this year.

Informed by our 19 years of experience and intimate understanding of the Golden Visa programme and the Portuguese property market, discover our curated selection of the best Portugal Golden Visa properties for 2023. 

Aerial photograph of the Azores showing the waves of the Atlantic Ocean breaking against the steep rocky cliffs topped with lush green pastures

Portugal Golden Visa property opportunities 2023

Though the entry requirements for the Portugal Golden Visa programme changed at the start of the year, investment via real estate is still the #1 investment route. It is possible to apply for a Portugal Golden Visa by investing in properties in low-density areas, like the Azores, Comporta and Carrapateira, or commercial properties anywhere in Portugal. Though eligible properties in Lisbon Golden Visa opportunities are extremely hard to come by following the recent changes, our experts continue to scour the market for eligible opportunities.

The fund route is becoming increasingly popular with investors looking for a hassle-free investment that will enable them to benefit from the Golden Visa programme whilst generating strong returns. These funds typically invest in a mix of prime residential properties, commercial properties and company shares.

Top Golden Visa properties 2023.


“Portugal’s Golden Visa programme grants immediate visa-free travel throughout the 26 countries in the Schengen zone and after five years you and your immediate family can apply for a Portuguese (EU) passport.”

Rita Cunha Ferreira, Destination Adviser - Portugal

Portugal Golden Visa programme explained

Read the transcript

The Portuguese Golden Visa programme is changing. The Portuguese government finally confirmed that the existing ways of obtaining a Golden Visa under the current programme will remain unchanged until December 31st 2021.

The 2022 Golden Visa changes are around two aspects:

Increasing the amount required for investment
Changing where residential property investments can be in order to apply for a Golden Visa

The Golden Visa is an extremely popular investment-for-residency programme that has attracted around €6bn of investment, around 90% of which has been invested in property. Since 2012, more than 26,000 people have successfully applied and many have already become Portuguese and European citizens.

It is the property investment category where the most significant changes are coming.

From January 1st 2022, investments in residential property in coastal areas, such as Lisbon or Porto, will no longer qualify. However, investments in the interior areas, the Azores, Madeira and some outlying parts of the Algarve will still qualify.

Elsewhere, the capital investment route is going up from €1m to €1.5m at the start of 2022 and the minimum amount required for an investment fund will be €500,000, up from 2021’s €350,000.

There are also similar increases in the job creation and science and research categories.

We helped 1,000s of people purchase a property in Portugal and apply for a Golden Visa. Generally, the whole process takes around four to six months to be completed.

Where can I buy property in Portugal for a Golden Visa?

Whilst it is no longer possible to combine a traditional residential property purchase in many major coastal cities with a Golden visa application, destinations farther inland are eligible and there are some excellent opportunities in coastal destinations like Comporta, Melides and Carrapateira. Commercial properties are unaffected by the recent changes and remain eligible throughout the country. 

What properties qualify for a Portugal Golden Visa?

Typically speaking, residential properties purchased for €500,000 or more in qualifying areas are eligible for the Portuguese Golden Visa programme and this minimum sum of investment is reduced to €400,000 in low-density areas such as Pico Island in the Azores.

If you are purchasing a property more than 30 years old and will be renovating it, the minimum sum of investment is reduced by 30%. This means that it is possible to access the Golden Visa programme for as little as €280,000 in low-density areas or €350,000 in other qualifying areas. It is important to remember that you can also combine multiple properties for a Portugal Golden Visa in order to meet the minimum investment required.

To make investing across borders simple, our team of property experts have done the due diligence for you and you can be assured that all of the opportunities in our burgeoning portfolio of Portugal Golden Visa properties are eligible for the programme and have excellent investment potential. Not all of our opportunities are shared online, so if you would like to work with us but cannot see a property that meets your needs online, please do get in touch and we can share with you off-market opportunities and Golden Visa-eligible properties that are coming soon. 

How we work.

Our approach allows us to confidently present our clients not only with beautiful properties, but also with sound investment opportunities in each of our markets thanks to both the local presence of our on-the-ground experts and the strong network of highly regarded developers and architects we’ve formed exclusive partnerships with.

Contact our property advisers

A highly skilled team, each with their own areas of specialist knowledge and expertise.

Niamh Erbek

Head Senior Adviser

Carlota Pelikan

Lisbon Adviser

David Moura-George

Managing Director, Portugal