Golden Visas investment falls 60% in July

 In Golden Visa, News

Overseas investment from Portugal’s Golden Visa scheme fell 60% in July compared to the same month in 2020 to €22.1 million according to SEF the immigration and borders service.

In July, investment from the Authorisation of Residency for Investment (ARI) reached €22,197,726, down 60% like-for-like (€56 million), a fall of 39% on June (€36.4 million).
According to data from SEF, 41 Golden Visas were issued in July of which 35 were via the purchase of property (11 from urban rehabilitation) and six from capital transfer.
A total investment of €20 million was made from buying property of which €3.9 million was from urban rehabilitation and just €2.1 million via capital transfer.
In terms of the nationalities of the applicants, 10 were awarded to Chinese, five to US citizens, five to Russia, four to Brazil and three to Turkey.
In the first six months of the year 486 Golden Visas were awarded of which 55 were issued in January, 100 in February, 73 in March, 98 in April, 52 in May, 67 in June and 41 in July.
Since its launch in 2012, the ARI programme has netted Portugal a total of €5.89Bn.