Investment
Golden Visa attract €125M in investments until March
Real estate investment reached 35.3 million euro, 8.8 million euro of which for urban renewal.
04/14/2021
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The investment received through the issuance of golden visas had a 4.5% yoy increase during this year’s first quarter, to 125 million euro.

According to press agency Lusa, based on statistics from Serviço de Estrangeiros e Fronteiras (Foreigners and Borders Service), 39.6 million euro were invested in March alone, a 41.9% increase when compared to March last year (period when the pandemic started in Portugal), but 24% less than in February this year, when 52.3 million were invested.

81 visas were granted, 72 through the purchase of real estate assets, 25 of which for urban renewal, for a total of 35.3 million euro in real estate investment, of which 8.8 million euro were for urban renewal.

There were also 8 visas granted for capital transfers. A visa was also granted for job creation. 31 visas were granted to Chinese citizens, 6 to Brazilians, 6 to Americans, 5 to Turks and 4 to Russians, quoted Idealista News.

During this year’s first three months, 236 visas were granted, 55 of which in January and 100 in February. Since the beginning of the program, in 2012, 9.042 visas were granted and 5.764 million euro were invested, 5.212 million euro of which through the purchase of real estate and 298 million euro through urban renewal.

Source: Iberian Property