The purchase of real estate fell from 55 million in February to EUR 45 million in March but adding capital transfers, reducing the total raised investment slowed, falling from EUR 62 million in February to 54 million euros in March, registering a monthly average of 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 euros invested, grow two million, compared to February, “said the confederation in a statement.
For nationalities, and in terms of investment volume, citizens Chinese accounted for 80% of foreign investors, followed by Brazil (4%), Russia (3%), South Africa (2%) and Lebanon (2%).
The program allocation of visas provides for the issuance of residence permits to foreigners, coming from outside the Schengen area, investing in Portugal for a minimum of five years.
The Home Office decided in November to investigate the allocation these visas following Operation Labyrinth, which dismantled a network of corruption, in which, allegedly, representatives of state agencies.
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