If you are interested in qualifying for the Portuguese Golden Visa by purchasing a property, you may find it challenging to identify investment opportunities that still qualify after the Golden Visa rules were changed.

Which types of investments (residential vs commercial) qualify and the required investment amount varies wildly across Portugal and different kinds of developments and properties. We won’t go into detail about that here, so if you’re interested, check out our Portugal Golden Visa property investment guide.

We’ve collected property developments from across Portugal that qualifies for the Golden Visa in this directory. For the time being, it’s primarily off-plan developments by large and mid-sized developers. These are usually the most convenient and affordable investments for non-residents who are not necessarily looking for a place to call home for the next few years.

We’ll do our best to keep this page updated as old projects get sold out and new projects launch. If you know of any promising developments, please let us know.

Riverside Downtown Lisbon

Well-located hotel in Lisbon. A suitable choice if the lowest possible capital investment is important for you. While you have a guaranteed buyback when you gain Portuguese citizenship or permanent residency, this property does not offer fixed annual income. Taxes (IMT and VAT) are paid by the developer.

Investment Amount: €350,000 · Exit: Guaranteed buyback · Annual Income: 3% fixed

Ocean View Hilton

Well-located hotel in Alentejo. A suitable choice if the lowest possible capital investment is important for you. While you have a guaranteed buyback when you gain Portuguese citizenship or permanent residency, this property does not offer fixed annual income. Taxes (IMT and VAT) are paid by the developer.

Investment Amount: €280,000 · Exit: Guaranteed buyback · Annual Income: None

Estefânia

Estefânia is an apart-hotel in Lisbon composed of 14 studios and one-bedroom apartments, fully equipped and divided into four floors with reception and laundry room. Given its central location, Estefânia boasts some of the best access to and from Lisbon and within. 

Investment Amount: From €350,000 · Exit: Market value · Annual Income: 4% fixed for five years or flexible rental

Earth Hotel Porto

Fully sustainable 4-star boutique hotel in a prime location in thriving Porto. Earth Hotel Porto (EHP) dazzles with spectacular architecture and exceptional amenities, an impressive mix of form and function integrated with its surroundings. Filled with creativity and innovation, EHP is Porto’s first plastic- and paper-free hotel.

Investment Amount: €350,000 · Exit: Guaranteed buyback · Annual Income: 4% fixed

Vilamoura I

Vilamoura I has been designed with style and comfort in mind, featuring modern finishes, open-plan living spaces, a swimming pool, and private outdoor areas.  Vilamoura region on the Algarve coast is a true paradise for those who love the outdoors, with world-class golf courses, sailing, fishing, and water sports. The local area is also home to a range of restaurants, bars, and shops, providing everything you need for a comfortable and convenient lifestyle.

Investment Amount: €280,000 - €295,000 · Exit: Market value · Annual Income: 3% fixed for 5 years or flexible rental

Rossio Palace

A historical palace in a prime urban property surrounded by a pristine natural park in Portugal, being converted into a Nordic-designed Deluxe Hotel. Facilities include private kitchens, private and communal gardens, a lounge area, a spa, and a heated swimming pool. IMT is paid by the developer.

Investment Amount: €280,000 · Exit: Market value · Annual Income: 4-6% flexible return

The Society

Beautiful piece of architecture in Lagos—a town with much to enjoy (health, wellness, food, golf & nature). This 4-star hotel with 16 free-hold units with finishings reflecting traces of the Arabian occupation is only a 5-min walk from the beach.

Investment Amount: €280,000 - €317,000 · Exit: Market value · Annual Income: 3% fixed for 4 years, plus distribution of profits at year 5

Grândola II

Situated at a picturesque village, just half hour drive from the renowned beaches of Comporta. Grândola II is a private residential condominium composed by 3 main buildings (35 units) inspired by the classic binomial combination of white and wood. 

Investment Amount: €280.000 - €340.000 · Exit: Market value · Annual Income: 3% fixed or flexible rental

Funchal I

Madeira islands are known for their breathtaking landscapes, from volcanic mountains to lush colored flowers and forests, boasting subtropical weather, delicious foods, and flavored wines. Funchal I is located in the capital of Madeira islands, only fifteen minutes from the international airport, which offers daily flights from many European cities.

Investment Amount: From €350,000 · Exit: Market value · Annual Income: 3% fixed or flexible rental

Carcavelos I

Carcavelos is one of the most renowned towns in Cascais - the 2nd most valuable council in Portugal. 25 minutes from the airport, 20 to Lisbon City centre, and less than a 5-minute walk from the beach. Carcavelos I has 20 fully equipped apartments and 2 commercial units, garden, a restaurant, pool, co-working and lounge areas on a rooftop. The project was designed to fulfil the demand of remote working as Lisbon is the favourite spot for digital nomads from around the world.

Investment Amount: From €350,000 · Exit: Market value · Annual Income: 5% fixed or flexible rental

Porto Lima

Modern serviced apartments located in the trendiest neighborhood of Porto close to downtown and universities. Facilities include private parking, gym, private and communal gardens, a lounge area, and kitchen hub.

Investment Amount: From €350,000 · Exit: Market value · Annual Income: 4% fixed or optional variable return

Grândola I

Situated at a picturesque village, just half hour drive from the renowned beaches of Comporta, Grândola I is designed as a private condominium composed by 8 two-bedroom duplex villas with access to private garden area.

Investment Amount: €340.000 - €360.000 · Exit: Market value · Annual Income: 3% fixed or flexible rental

Alcácer do Sal III

Apart-hotel development, composed of 15 units in total, with a swimming pool and a private river beach.

Investment Amount: From €400,000 · Exit: Market value · Annual Income: Flexible return

Greenview

Modern apartments (from 78 sqm to 137 sqm)—full of natural light, high-end finishings, and great views of Covilhã. A city with vibrant energy, full of heritage, culture, nature, and a glimpse of modernity. Fresh air from the mountains in the heart of Serra da Estrela Natural Park—perfect for enjoying thermal waters and practicing outdoor activities.

Investment Amount: From €280,000 · Exit: Market value · Annual Income: 3% to 4% fixed for five years

Convento das Servas Resort

An ancient convent turned into a 5-star boutique hotel in Borba, Alentejo in the middle of the wine region. It has hotel suites and freestanding villas, with a spa, plunge pools, outside pool, restaurant, bar, and event spaces.

Investment Amount: €280,000 - €395,000 · Exit: 85 buyback units, 46 units at market value · Annual Income: Up to 3%

ANDO Liberdade Club

ANDO Liberdade will convert the existing 19th-century building into the first ANDO Living club in Lisbon. Historical and architectural elements (high ceilings, tiles, etc) of the original building will be preserved and the spaciousness will be enhanced by adding two floors to the existing structure and a rooftop pool.

Investment Amount: From €520,000 · Exit: Market value · Annual Income: 3% fixed in the first three years of operation, then variable

Quinta do Forte Velho

3-4 bedroom luxury serviced villas in a 4-star touristic complex. Amenities include a swimming pool, children's park, multi-sport court, and a future clubhouse. Located just a few kilometers away from Lisbon Airport and surrounded by scenic vineyards. Taxes (IMT and VAT) are paid by the developer.

Investment Amount: From €512,737 · Exit: Guaranteed buyback · Annual Income: 3% fixed or 6-7% variable target

Royal São Paulo Hotel

A luxury resort & spa in Vila Viçosa in Alentejo in an iconic building that once was a monastery. Guaranteed annual return up to 4%. Taxes (IMT and VAT) are paid by the developer.

Investment Amount: €280,000 · Exit: 16 buyback units, 12 units at market value · Annual Income: Up to 4%

Palacete Da Misericórdia

Luxury palace hotel in the heart of the Unesco City, Évora. Rooms with original fresco paintings, a courtyard with pool and breakfast terrace, a restaurant offering gourmet local cuisine and a hammam spa. The project has 22 quotas for investors applying for the 280k Golden Visa.

Investment Amount: €280,000 · Exit: Guaranteed buyback · Annual Income: 3% fixed over 5 years

Here are a few other resources that may come in handy in your Golden Visa process: