How Low Interest Rates in Portugal Attract UK Retirees
Drop in Interest Rates in Portugal Attract British Retirees in 2024
Despite the government in Portugal banning real estate investment for Golden Visa investors, real estate remains an attractive option for foreigners in Portugal. The recent drop in the interest rates in Portugal is seen as an investment opportunity by non-Portugal citizens to buy property in Portugal and benefit from the low cost of living. The low tax rates and pleasant climate make Portugal the best destination for retirees in Europe.
Portugal – A Heaven for Retirees
Portugal has become a haven for retirees, where they can enjoy their lives along with their spouses. What retirees look for is all available in one package when they choose to live in Portugal. People with passive income streams find the country ideal place to spend after retirement life. Real estate investment for the UK retirees is the safest option.
Requirements for UK Retirees to Get Portugal D7 Visa
Portugal D7 Visa is best for people who have regular income from any legal source. The D7 residency visa is for non-EU citizens who don’t rely on a salary. Your income could be from a pension, rental income from property or another source. Your minimum income should be €9,870 per annum or more to qualify for a Portugal retirement visa.