China Leads The Way In 'Golden Visa' Investment In Portugal's Property Market

Thu 27 Sep 2018

Chinese are leading the way among non-European new residents in Portugal, whose investments have helped fuel a property boom under an advantageous “golden visa” scheme that is also creating political tension at home. 

Interior ministry figures issued on Wednesday showed that the 6,498 non-Europeans granted residency since Portugal launched the scheme in 2012 had generated 3.97 billion euros ($4.7 billion) in investments, mainly in property.

Portugal’s scheme gives access to residency through a property investment of at least 500,000 euros, allowing visa-free travel through Europe’s Schengen area.

 

You can read to full article here.

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