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South Africans flocking to buy property in Portugal

Feb 13, 2018
Political uncertainty, a volatile currency and economically-negative policy positions have led many South Africans to place assets off-shore and establish alternative residency plans in other countries, including the UK and Portugal.

For South Africans the GRPP enables South Africans to invest offshore and gain the right to live and work in Portugal without onerous residence conditions. Investors purchasing properties in Portugal that comply with the requisite value and position criteria, are eligible for the Golden visa, allowing them and their dependants to live and work in Portugal as well as to travel throughout the Schengen region.

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South Africa

Cape Town

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Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services Licence issued by ASIC to deal in foreign exchange (1st Contact Group - AFS Licence number 335 126).

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