The golden visa programme in Portugal has now attracted over €1 billion in investment from real estate buyers seeking the flexible investor visa that is on offer. A total of 1,649 investor visas have been issued so far in Portugal with numbers climbing quickly. To date in 2014 investor visa permits issued to foreign nationals are already double those issued in 2013. Most buyers are buying at otr around the €500,000 investment limit and choosing to rent the property. The visa programme does not require holders to spend time in the country. In fact just two weeks every two years to secure renewal. In return investors are free to come and go as they please into Europe without having to continually renew their Schengen visa for EU entry.
La Vida Portugal featured in an article in the South China Morning Post yesterday (China’s largest English daily newspaper). The article discussed the number of golden residency visas issued by Portugal in the last year – 542 and how it is expected to grow from this level. According to Colliers in a research note the number of properties sold in Portugal has increased 70% fuelled by the attraction of the golden visa programme. You can read the full article here.