Investments Raised by Golden Visa Program Up Sharply in July

8 August 2019

The investment resulting from Portugal’s golden visa program grew by 276% y-o-y to €98.2 million in July. Month-on-month investment also rose by 34.5%.

The Portuguese government granted 155 such visas in July, 141 due to the acquisition of real estate, 23 of which were for urban rehabilitation, and 14 due to capital transfers.

To date in 2019, the program has attracted 470.5 million euros in investments, 7% less than in the same period of 2018. Since golden visas were introduced in October 2012, total investments have reached €4,720,335,259.20, with real estate acquisitions accounting for €4,261,767,866.59 euros.

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner