Golden visas up 94% in Portugal

Last month, 112 golden visas were granted, of which 93 were for the acquisition of real estate, according to SEF data.

Investment through golden visas grew 94% in May, compared to the same month in 2021, to 53.8 million euros, according to data from the Foreigners and Borders Service (SEF). Compared to April (59.7 million euros), investment raised through the Residence Authorization for Investment (ARI) program fell by 9.8%. In the first five months of the year, the investment raised totalled more than 238 million euros.

In May, 112 golden visas were granted (in January there were 94, in February also 94, in March 73 and in April 121), of which 93 for the acquisition of real estate (48 for urban rehabilitation) and 19 through the transfer criterion of capital.

Investment in the purchase of real estate totalled 44.9 million euros in April, of which 16.8 million in urban rehabilitation, while in the capital transfer the value was 8.8 million euros.

In total 17 golden visas were given to people from China, 16 to the USA, 10 to Brazil, 8 to Lebanon and 7 to India.

Source: The Portugal News