Investments in real estate through the program visas ‘gold’ in March decreased 10 million euros compared to the previous month, to 45 million euros, today unveiled the Portuguese Confederation of Construction and Real Estate (CPCI).
The CPCI attributes this to the created expectations of investors regarding the new legislative changes to the program, announced in February by the deputy prime minister, Paulo Portas.
The purchase of real estate fell from EUR 55 million in February to 45 million in March but adding capital transfers, reducing the total raised investment slowed, falling from EUR 62 million in February to 54 million in March, registering a monthly average EUR 77 million.
“This less favorable development is due to the real estate investment at 45 million, 10 million less than in the previous month, while capital transfers, with nine million of invested euro, grow two million, compared to February, “said the confederation in a statement released today.
For nationalities, and in terms of investment volume, citizens Chinese accounted for 80% of total foreign investors, followed by Brazil (4%), Russia (3%), South Africa (2%) and Lebanon (2%).
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