Golden Visa Program Raised €48.5 Million in September
14 October 2019 – The investments raised through Portugal’s golden visa program rose by 29.7% in September to 48.5 million euros, for a total of more than 600 million euros in the year to date.
Of the total investment raised in September, €41 million came from the real estate acquisitions while the remaining 7.4 million euros stemmed from capital transfers.
Last month, the government granted 75 golden visas, 67 through real estate acquisitions and eight through capital transfers.
In almost seven years, since the government launched the golden visa program in October 2012, total investments reached 4.85 billion 65 euros, with the acquisition of properties accounting for €4.38 billion.
The Portuguese granted the most visas to Chinese investors (4,396), followed by Brazilians (829), Turks (366), South Africans (314) and Russians (283).
Original Story: Economia Online
Adaptation/Translation: Richard D. K. Turner