Golden visa boom in January – The Portugal News

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The figures for the first month of the year show an increase in investments, driven by processes that started at the end of 2021 and are only now receiving the green light.

Changes to the rules for granting Investment Residence Permits (ARIs), also known as Golden Visas, which came into effect earlier this year may not have sparked a market rush, but they nevertheless brought a certain dynamism.

According to a report by Dinheiro Vivo, in the first month of 2022, 94 golden visas were granted, the result of an overall investment of 48 million euros, according to data from the Foreigners and Borders Service (SEF). The value is more than 45% compared to the same month of 2021, marked by a critical period of the health crisis, and 6% compared to the same month of 2020.

Thanks to the acquisition of real estate, 75 golden visas were granted in January, resulting in an investment of 38.7 million euros, higher than that generated in the same period in 2021 (32 million euros) and last December (35.6 million euros), but slightly lower than the 39.5 million euros in the first month of 2020.

Lisbon is by far the city that arouses the most interest. 41 ARI were granted through the acquisition of property to live in or rehabilitate in the capital. In Porto, there are ten authorizations and five in Évora, with the remaining ARIs distributed in different territories of the country.

The biggest investment

The biggest investment in buying a house was made by a Brazilian citizen, who spent 3 million euros on a house in Cascais. Immediately after, a North American stands out, who spent 1.9 million euros for the acquisition of a property in Lisbon. The third most expensive property was bought by a Russian who spent €1m on a house in Albufeira in the Algarve.

During the first month of the year, 19 ARIs were also granted for capital transfers and for investments in funds and/or commercial companies, for a total value of 19 million euros.

According to SEF statistics, China leads the ranking of golden visas granted in January (19 golden visas and an investment of more than 9.4 million euros), followed by the United States (17 ARI and 8.9 million euros), India (eight and 3.9 million euros). ), Russia (seven and 4 million euros) and, closing the top five, Brazil (six visas and requests for 5.6 million euros).

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