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«Golden visa» investment drops 32% in May
19 June 2019 | Ana Tavares

«Golden visa» investment in Portugal dropped 32% in May yoy, for a total of 50 million, 42.5 of which concerned the acquisition of real estate assets.

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According to news agency Lusa and based on data from SEF (Portuguese Foreigners and Borders Service), the drop, when compared with the previous month, was 4.2%. In May 82 visas were issued, of which 74 were related to the purchase of real estate and of these, 6 were for urban renewal.

Since the beginning of the year, the aggregated investment reached 299.2 million euro, 30% less than during the same period of 2018. Since 2012 4.549 million euro were invested, 4.116 million euro through the acquisition of real estate, for a total of 12.746 ARI (Residence Permit for Investment Activity) issued mostly to Chinese, Brazilian, Turkish and South-African nationals.