Get 100% Bank Loan to Buy Home in Portugal with Public Guarantees
Portugal real estate is booming and is leading in Europe with top countries in terms of property appreciation. People can buy home in Portugal via bank loans using public guarantees. As per Eurostat, property prices in Portugal grew by 9.8% during third quarter of 2024, 7.8% during 2nd quarter and 7% during first quarter of same year. The statistics also shows that Portugal is among the top EU countries for property value appreciation.
Buy Home in Portugal via Bank Loan
As per the Público, young foreigners with tax residence in Portugal are taking the advantage of government policy to get bank loan to buy home in Portugal. Anyone can take advantage of public guarantees to secure financing for a home in Portugal. 4 out of 5 major banks in Portugal have already received 11,500 house loan requests. You can also take the advantage to get low-rate house loans in Portugal.
Get 100% Bank Financing to Buy Home in Portugal
As per the initiative by the current Portuguese government, people with tax domicile can get 100% bank financing to buy home in Portugal. This measurement is to attract talented youngsters by attracting them via tax exemptions. There is no restriction of nationality of the loan seeker, as the main requirement is to be a tax resident in country along with meeting the requirements of diploma.
Nationalities of Foreigners to Buy Home in Portugal
Among the 11,500 loan applications to buy home in Portugal, majority are Brazilians and Americans. A large number of Americans are considering second home since the 2024 elections. As per news, the US investment in Portugal is on rise by half after landslide victory of US president trump who. Further, the change of government and policies in the UK also pull investment from British wealthy people.
How Buying a Home in Portugal Leads to Portugal Residency and Citizenship?
Buying a home in Portugal opens door to get Portugal residency by investment and possibly makes people eligible for Portugal citizenship. The route could be either by generating passive income by investing in Portugal real estate or by getting Portugal Golden Visa.
The passive income requirement for Portugal residency is €870 monthly or €10440 yearly. This income could be from your home country, by pension, rental income from royalties. You can buy a home with the intention to get rental income and thus qualify for Portugal D7 visa for residency.
