Portugal golden visa scheme is the one of the most popular investment migration schemes in the world. Portugal introduced the ARI/golden visa initiative in 2012, to get out of financial crisis and boost foreign investment in Portugal.
New SEF golden visa data reveals, a total of €3,596,964,084 investments made in real estate for ARI/golden visa scheme and 6141 permits were issued for property investors, as of Aug 31, 2018.
This also shows that foreigners are buying properties in Portugal at an average of €585,729 per family. This is quite surprising because, Portugal only requires minimum €500,000 property investment in Lisbon capital and €350,000 outside Lisbon or old refurbished property.
This also means that wealthy foreigners are settling for luxury real estate close to 600,000 euros, which are above expectations.
Portugal received €26,1 million euros under ARI/Golden visa scheme for the month of July 2018. About 47 Property investors acquired real estate for July 2018. The average property investment averages €555,000 euros per investor for the month of July
All in all, 94% of residence permits are issued for real estate investment, 60% of those went to Chinese.
Silver coast region is famous among Brits, French and Germans, while Lisbon is very popular among chinese and other foreign investors. Outer seaside areas such as Cascais, Belem, Amadora and Sintra are quite popular.
| Cities | Median value per m2 of dwellings sales in flats (€) |
|---|---|
| 1st Quarter 2018 | |
| Braga | 686 |
| Porto | 1 522 |
| Vila Nova de Gaia | 879 |
| Coimbra | 1 290 |
| Amadora | 1 062 |
| Lisboa | 2 600 |
| Funchal | 1 510 |
The price index measuring the cost of regular maintenance and repair of housing increased 2.4% in relation to the same period of the last year.
Since the introduction of golden visa scheme, foreign investment in real estate boosted portugal economy, increasing property prices, reducing its public debt.
IMF in 2018 Article IV report said Portugal GDP is grown by at 2.7% in 2017
