Portugal raised €65.6 million from golden visas in November – EURACTIV.com


Funding raised by means of  so-called ‘golden visas’ for foreigners in November elevated 40% year-on-year and 48% in comparison with October, in response to calculations made by Lusa based mostly on information from Portugal’s immigration and borders service, SEF.

Final month, the funding raised through the Residence Allow for Funding (ARI) programme totalled €65.6 million, a 40% enhance in comparison with the €46.6 million recorded in November 2021.

In comparison with the €44.3 million raised in October, the funding grew by 48%.

Within the first 11 months of the 12 months, the funding made by means of ‘golden’ visas provides as much as greater than €575 million, a rise of 37% in comparison with the identical interval in 2021, based mostly on the calculations made by Lusa utilizing information offered by the SEF.

In November, 121 golden residence visas have been granted, of which 95 have been for buying actual property (36 for city rehabilitation) and 26 have been by means of capital transfers.

In accrued phrases, 1,130 ‘gold’ visas have been granted this 12 months till November (94 in January, 94 in February, 73 in March, 121 in April, 112 in Might, 155 in June, 80 in July, 77 in August, 120 in September, 83 in October and 121 in November).

Funding within the buy of actual property totalled €54.6 million in November, of which €12.3 million was in city rehabilitation. Capital transfers amounted to €11 million.

For the reason that programme was launched, €6.674 billion has been raised. Of this quantity, most correspond to the acquisition of actual property, which on the finish of final month amounted to €5.981 billion.

(Alexandra Luís | Lusa.pt)

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