Investment in golden visas falls by 46% in March
In March, 174 visas were granted, 163 by means of the acquisition of real estate properties. In total, from the latter, 23 were granted through the purchase of real estate for urban rehabilitation.
Investment obtained by means of golden visas fell 46% in March, in comparison to the same month of 2017, to 103.3 million euros, according to statistical data from SEF (Portuguese Immigration and Borders Service).
In March, investment from Residence Permits for Investment Activities (ARI) — or golden visas, as they are known — achieved 103,343,928.34 euros, 46% less than in the same month of last year (192,493,840.26). In comparison to February, investment increased 13%. From the total amount captured in March, most of it corresponds to the acquisition of real estate assets (92,719,248.13 euros), with the transfer of capital raising 10,624,680.21 euros.
Last month, 174 visas were granted, from which 163 were granted by means of acquiring real estate. In total, from the latter, 23 were granted through the purchase of real estate for urban rehabilitation.
Until the end of March, a total of 137 visas were granted by purchasing real estate for rehabilitation; the first was granted in July of 2016. The capital transfer was responsible for the granting of ten golden visas, and only one golden visa was granted for creating at least 10 job positions.
In the first quarter of the year, the investment coming from golden visas ascended to 293,894,642.10 euros, a 32% plunge in comparison to the 433,257,163.00 euros from the homologous period of 2017.
