Recently, data released by the Portuguese Immigration and Borders Service (SEF) for May 2020 shows that a total of 270 main applicants were approved for the Portuguese Golden Visa in May, an increase of 409% compared to April. The investment amount for the Golden Visa program in May reached 146 million euros, a 420% increase compared to April, a figure that even exceeded the total investment for the first four months of this year.
Data shows that among all approved applicants, 257 clients obtained their status through real estate investment, accounting for 95% of total applicants. This indicates that real estate investment remains the mainstream method for investors to obtain the Golden Visa. In terms of the nationality of main applicants, investors from China remain far in the lead, with an increase of 353% in approvals compared to April. This demonstrates that even amidst the pandemic, the Portuguese Golden Visa remains exceptionally popular.
Meanwhile, the Portuguese Immigration and Borders Service (SEF) also released overall data for the Golden Visa as of May 31, 2020. The data shows that since the launch of the Portuguese Golden Residence Permit Program on October 8, 2012, through May 31, 2020, it has attracted a total investment of approximately 5.286 billion euros. Among this, real estate investment remains the preferred choice, with an investment volume reaching 4.775 billion euros.
Data shows that as of May 31, 2020, a cumulative total of 8,736 families have applied for the Portuguese Golden Residence Permit. Among all applicants, Chinese investors remain the majority, with a total of 4,586 Chinese families having applied for the Portuguese Golden Residence Permit, showing that the permit remains highly favored by Chinese investors.
The massive injection of capital has also stimulated the Portuguese real estate market. According to reports from major real estate brokers in Portugal, property prices across the country have risen by 12%, indicating that the Portuguese real estate market remains resilient despite the pandemic. The average asking price for properties on the market rose from 316,629 euros in March 2019 to 354,757 euros in the same period of 2020. The booming real estate market is also an important factor in attracting international investors.
Currently, through the Portuguese Golden Residence Program, investors can purchase properties starting from 350,000 euros to apply for Portuguese Golden Residence status for three generations of their family, enjoying Portugal's generous social welfare and high-quality educational resources, traveling freely through 26 Schengen countries, and simultaneously acquiring properties with permanent ownership—truly a multi-benefit solution!
As an active promoter of European investment immigration, Worldway Group partnered with the Embassy of Portugal in China as early as 2013 to introduce the Portuguese "Golden Residence Program" to China, embarking on a wonderful journey of Portuguese investment immigration. As one of the earliest immigration agencies to promote the Portuguese "Golden Residence Program" in China, Worldway has maintained excellent interaction with the Portuguese government for many years to help you immigrate to Portugal with ease!
2020 is the Year of Health Planning! Plan for health, prioritize your status! For more details, please contact: Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
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