Portugal is gearing up to reinstate property investments as a qualifying option for its Golden Visa program in 2025. This move is generating excitement among global investors who view the program as a gateway to European residency through strategic real estate investments.
The program underwent a major overhaul in 2023 under the "Mais Habitação" law, which removed real estate as an eligible investment category to combat housing affordability issues. In its place, alternative options like venture capital funds and cultural contributions took center stage.
Now, the anticipated return of real estate investment under stricter guidelines is expected to reignite interest. The government’s new approach aims to balance the benefits of foreign investment with housing market sustainability.
New Property Investment Requirements

Higher Investment Thresholds
The new regulations are likely to increase the minimum investment threshold for real estate, with reports suggesting starting amounts of €500,000. Lower thresholds may be available for properties in need of significant renovation or located in economically disadvantaged areas, incentivizing investments that foster regional development.
Prioritized Regions
Unlike the program’s earlier version, which saw heavy activity in Lisbon, Porto, and coastal hotspots, the revised rules are expected to focus on inland areas and smaller towns. This aligns with the government’s goal to distribute investment benefits more evenly across the country and stimulate growth in underdeveloped regions.
Qualifying Property Types
The reinstated program will likely include a range of eligible property categories, such as residential units, commercial spaces, and mixed-use developments. Renovation projects, particularly those tied to cultural preservation, could offer additional incentives for investors.
What This Means for Investors

Fresh Investment Opportunities
The policy shift opens up new avenues for investment, particularly in regions previously overlooked by foreign buyers. Emerging markets within Portugal’s interior and small cities present attractive opportunities for those looking to capitalize on growth potential.
Real Estate Market Dynamics
The return of property investments is expected to drive demand in newly eligible regions, leading to an uptick in property values. However, measures to maintain housing affordability may ensure more stable, sustainable growth compared to previous Golden Visa phases.
Strategic Steps for Investors
Investors should monitor upcoming government announcements to capitalize on this opportunity. Partnering with trusted real estate agencies and immigration consultants will be essential for identifying prime properties and navigating the updated requirements effectively.
How to Prepare
Research and Strategy
Identify target regions and property types that align with your investment goals. Focus on areas with growth potential and explore options like restoration projects for added financial benefits.
Gather Necessary Documentation
Organize essential paperwork, including proof of funds and property-related documents. Obtaining pre-approval from financial institutions can streamline your application process.
Seek Professional Guidance
Leverage the expertise of real estate professionals, legal advisors, and visa consultants to ensure compliance and maximize the value of your investment. Their insights can help you navigate the complexities of the updated program.
Conclusion
The reintroduction of property investment for Portugal’s Golden Visa in 2025 presents a renewed opportunity for global investors. By focusing on underdeveloped regions and offering diverse property options, the revised program aims to achieve sustainable economic growth. Stay informed on upcoming legislative updates to position yourself strategically in this evolving landscape.