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.
About Portugal Homes
PortugalHomes.com specializes 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.
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Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
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!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.Investor from the USA
Dear Sérgio, thank you so much for arranging our 1º Esquerdo place. We love our place, and your attention to detail is very much appreciated.Tim Thronson - Investor from the USA
A full service, one stop opportunity. Very easy for us a foreigners. Ryan Dunn went above and beyond for us. We appreciate him and his work!Jose Arias - Investor from the USA
Everyone I met with and spoke with has been extremely knowledgeable and professional. Dealing with native English speakers who understand things from my perspective was very reassuring. Finally, knowing that I had Matthew in my corner gave me the confidence to proceed with the process of buying an apartment in Lisbon. Thanks very much.Investor from the USA
So far it has been great. Simon is very knowledgeable and friendly.Loay El Abiad - Investor from Saudi Arabia
It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.Akbar Ali - Investor from Pakistan