Thanks to its attractive citizenship program, Portugal has become a popular destination for real estate investors in recent years. Under the program, investors who purchase property worth at least €280,000 are eligible for Portuguese citizenship as well as a fast-track to a residency permit.
So, if you’re thinking of investing in Portuguese property, how much should you spend? While there is no minimum investment required for citizenship, spending at least €280,000 will give you the Golden Visa and, eventually, an EU passport. And if you’re looking to retire to Portugal, you’ll need to factor in the cost of living in your chosen city. Portugal’s largest city, Lisbon, is one of the cheapest cities in Europe, so you’ll need to budget accordingly. However, Portugal’s smaller towns and villages offer a more affordable cost of living. So, whether you’re looking for citizenship or a retirement destination, Portugal has something to offer everyone.