Portugal's Golden Visa program is showing strong growth in investments and some stabilization around the 1,400 Visas granted per year.
Statistics from Portugal’s Borders and Immigration Service (SEF) shows the country’s golden visa program raised FDI worth €94 million from 149 investors in December, which translates to an improvement of some 20% on the month before and a whopping 300% increase compared to December last year.
After fluctuating considerably in its early years, application volume for the program appears to have stabilized at the 1,400-a-year level. In 2018, 1,409 main applicants invested a combined €839 million, an average capital infusion per applicant of close to €600,000. Since opening in 2012, the golden visa has raised €4.25 billion from 6,962 investors, an average of €610,000 per participant.
Chinese nationals, who three years ago made up four-fifths of all applicants, accounted for only 28% of investors in December. Cumulatively, they now constitute only 58.5% of all applicants since the program’s beginning.
But the decrease of Chinese applicants is only relative, as other countries have seen their share of applicants grow rapidly. The number of golden visas issued to Brazilians has quadrupled since 2015; Turks, who only entered the Top 5 nationalities in 2018, already constitute the third biggest applicant group.
Source: www.imidaily.com
About Portugal Homes
PortugalHomes.com specialises in selling Holiday Homes and Investment Properties. We help buyers find the right property overseas whether it be for Golden Visa, NHR, Investment or simply a place in the sun, our properties are selected with great thought in mind to give our clients the best opportunities, we offer the complete service from Introducing them to Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario, we provide the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
To find out more, please contact us:
- Phone: +351 213 471 603
- E-Mail: info@portugalhomes.com
