However, in the first quarter of 2019 Chinese investment from the Authorisation of Residency through Investment (Golden Visa) plummeted by 41%.
Golden Visas for Chinese citizens netted the Portuguese State €59.6 million according to the latest information released by the Portuguese immigration and border authorities SEF. The investment from Chinese nationals compares to the first quarter of 2018 when it stood at €101 million. By March 2019, 107 Golden Visas were issued to Chinese nationals compared to 183 ARIs in the same period last year.
Investment from Brazilian citizens, however, increased by 3.3% for Q1 to €43 million with 58 Golden Visas issued by the end of March. In the first quarter of 2018, 49 Golden Visas had been issued, bringing in a total of almost €42 million.
Regarding Turkish investment, this fell by 58% in the first three months of the year to €18.4 million from 36 ARIs compared to the 81 issued for the same period last year.
Regarding the list of nationalities that submit most applications for the Portuguese Golden Visa regime, the United States’ and Vietnam’s have risen, replacing South African and Russian applications which were in the Top 5 12 months ago.
In the first quarter, 14 Golden Visas were issued to US citizens with a total investment of €9.4 million while 12 were issued to Vietnamese citizens (€4.8 million). In the first three months of 2018 24 visas were issued to South African citizens (€13.5 million) and 16 to Russians (€10.8 million). Overall investment fell 33% in the first quarter of 2019 compared to the same period in 2018, to €196.8 million.
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Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
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