⚠️ Important update: Real estate investments will no longer qualify for the Golden Visa starting October 7, 2023. It may take some time for us to update all our relevant content. We’ll most likely continue keeping this real estate directory up to date in case you’re looking for a non-Golden Visa real estate investment in Portugal.

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.

Torre Santo AntĂłnio

A unique palace resort 1h from Lisbon flanked by a 5-star resort with high end amenities, contact with nature, relax and comfort. Geometrically designed gardens, magnificent swimming pool, chapel, stables, a wine cellar, lakes, streams and a vast agricultural area. Inside the palace, splendid rooms with uniquely detailed fireplaces, painted ceilings and 19th-century tile panels. The origin of the property goes as far as the medieval time.

Investment Amount: €350,000 · Exit: Guaranteed buyback · Annual Income: 4.5% for the first 5 years (total of €78,750 paid 30 days after deed). 3% from the 5th year onwards (€10,500).

Hotel Londres

A unique option of fully operating 4-star hotel since 1959 with good occupancy rate. Located in Estoril, between Lisbon and Cascais. The hotel will undertake some enlargement works, adding new rooms, a brand new rooftop with a swimming pool and amazing ocean view, as well a new conference room.

Investment Amount: €350,000 · Exit: Guaranteed signed buyback after 7 years · Annual Income: 3% for 5 years, paid upfront after 3 months signing the contract (€52.500)

The Society

Beautiful piece of architecture in Lagos—a town with much to enjoy (health, wellness, food, golf & nature). This 4-star hotel with 26 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: Buyback guarantee at original price · Annual Income: 3% fixed for 4 years, 5th year onwards fixed income + performance bonus. 30% profit share at the sale of the building.

Green View

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

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

Globo Hotel

Globo Hotel will receive the recognition of an international brand, 3 stars Wyndham Days Inn with 60 rooms after the expansion. Located in Mirandela, north-east of Portugal.

Investment Amount: €280,000 · Exit: Guaranteed buyback · Annual Income: 5% for 6 years. €30,000 dividend paid 15 days after signing the deed.

The Oasis

A boutique aparthotel located in the centre of the beautiful old town in Oeiras. The Oasis is just a 20 minute train ride from the centre of Lisbon, and 5 minutes from Carcavelos, Lisbon's main beach. The hotel is built around a beautiful 200m2 garden, which contains a co-working space exclusively for guests. A fixed, inflation adjusted lease is in place with a highly reputable pan European operator, guaranteeing an annual yield for investors.

Investment Amount: €350,000 · Exit: Market value (100% profit shared between fraction owners) · Annual Income: 3.5%

Grandola III

Situated at a picturesque village, just half hour drive from the renowned beaches of Comporta. The Alentejo region is a true haven for outdoor enthusiasts, with its renowned vineyards, vast olive groves, and enchanting cork forests. The development has 1-2 bedroom and loft apartments with open plan and lots of natural light. Amenities include a swimming pool, landscaped gardens, and convenient parking.

Investment Amount: €280,000 - €350,000 · Exit: Market value · Annual Income: 3% fixed for 5 years or flexible rental

Funchal II

An exquisite residential project that offers remarkable layouts, designed to enhance your comfort and provide a truly unique lifestyle. This unparalleled location seamlessly blends the vibrancy of city living with the breathtaking beauty of Madeira island. One and two-bedroom apartments, including an elegant shop.

Investment Amount: €350,000 · Exit: Market value · Annual Income: 3% fixed for 5 years or flexible rental

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

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

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

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

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

Alcácer do Sal IV

Situated along the main historic street, right on the riverfront, Alcácer do Sal IV offers four distinct units, including a stylish shop and two thoughtfully designed two-bedroom apartments, along with a spacious two-bedroom duplex. The Alentejo region is a true haven for outdoor enthusiasts, with its renowned vineyards, vast olive groves, and enchanting cork forests. The local area is also home to a variety of restaurants, cafes, and shops.

Investment Amount: €280,000 - €350,000 · Exit: Market value · Annual Income: Flexible rental

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