According to schengenvisa.com, there has been a surge in interest from Australians. “We have seen a surge in Australian investors taking advantage of this and purchasing the quality homes on offer. Through the program, investors and their dependents can obtain a Portuguese passport after five years without relocating to Portugal,” said the CEO of Ideal Homes Portugal, Chris White.
“With its warm climate, stunning beaches, fine cuisine and laid-back lifestyle, Portugal is one of the most attractive countries for overseas investors looking to live, work or retire in the EU. Savvy investors realise that the market is likely to get hotter and are jumping in now,” conclude White.