One of the smartest decisions you can make right now is to get a second passport from another country. There are many citizenship by investment programs that lead to a second passport, but the best one out there has to be the one offered in Portugal. It’s possible to buy property in Portugal and participate in this program.

Portugal offers foreign investors who purchase real estate in the country a chance to apply for a second passport and reap all of the benefits that come with doing this. One of the best places to purchase real estate in Portugal is in the gorgeous coastal town of Cascais.

In a country filled with breathtaking colonial cities and fairy-tale-like towns, Cascais stands out for its innate beauty and unique setting. It is no secret that Cascais has become the preferred place for tourists and expats.

Cascais has an extremely beautiful coastline near the Atlantic Ocean that attracts millions of tourists every year, some even decide to stay here forever. The fact that it is close to the capital city of Lisbon is just the icing on the cake.

Recent years has seen the real estate market in Cascais explode as flocks of foreigners started buying state of the art beach houses near the coastline. The value of a house in Cascais is enough for you to qualify for the Golden Visa program.

Portugal’s Golden Visa program gives a second passport to those foreign investors who purchase property valued at more than €350,000. Cascais offers more than a fair share of options for those who want to buy a house at that price.

I highly recommend that you use a Buyer’s Agent if you are looking into purchasing real estate in Portugal. A Buyer’s Agent will help you find a house, help with the required documents, and take care of the legality of purchasing a house in Portugal as a foreigner.

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To buy a house in Portugal as a foreigner you must have a government issued tax id and have all of your financial affairs in order. The same goes for applying for the Golden Visa program and getting a second passport.

Buying a house in Cascais is no different than buying it in any other part of Portugal, the main difference being that Cascais has a lot of visitors who want to purchase. Especially since the housing market in Cascais has gone up 37% in the last few years.

Huge expat communities have started to spring all over Cascais and because of the pandemic, I suspect the number to keep growing. Cascais is a gorgeous place for you to retire with the added benefit that you can bring your whole family with you. These are two great options for you, a house in a gorgeous beachside town and a second passport from a thriving nation located within the European Union. It doesn’t get any better than that.

See why Portugal is the perfect destination for your next real estate investment – Learn more about the country.

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