Portugal Golden Visa appeals to more investors – Investment raised from Golden visas up by 40%

Portugal Golden Visa appeals to more investors – Investment raised from Golden visas up by 40%

15th December 2022

Investment raised through gold visas in November increased by 40% year-on-year and 48% compared to October, to 65.6 million euros, according to calculations made by Lusa based on SEF data. 

Portugal Golden visa

Last month, the investment raised through the Residence Permit for Investment (ARI) program, which completed 10 years in October, totalled 65.6 million euros, an increase of 40% compared to the 46.6 million euros recorded in November 2021.

Compared to the 44.3 million euros raised in October, investment grew by 48%.

In the first 11 months of the year, the investment made through golden visas totals more than 575 million euros, an increase of 37% compared to the same period in 2021, based on the accounts made by Lusa based on data provided by the Foreign Service and Borders (SEF).

In November, 121 golden visas were granted, of which 95 for the acquisition of real estate (36 for urban rehabilitation) and 26 for the transfer of capital.

In cumulative terms, 1,130 gold visas were issued this year up to November (94 in January, 94 in February, 73 in March, 121 in April, 112 in May, 155 in June, 80 in July, 77 in August, 120 in September, 83 in October and 121 in November).

Investment in the purchase of real estate totaled €54.6 million in November, of which €12.3 million in urban rehabilitation. Capital transfers amounted to 11 million euros.

By country, 18 gold visas were granted to the US last month, followed by the UK (14), China (13), Brazil (10) and South Africa (10).

In the month under review, 138 residence permits were granted to reunited family members, which in the year total corresponds to 1,341.

The ARI program celebrated its 10th anniversary last October (it started in 2012) and its continuity is currently being evaluated.

Source - The Portugal News