The Portuguese real estate sector shows its concern to the latest figures from the visa program “gold”, which realize the capture of only 39 million euros of foreign investment in the first month of this year, less than the 38.6 million in the previous month as a result of allocation of only 60 residence permits in January, less 30 than in December.
“This decrease is a bad signal to the market and the sustainability of this program. This type breaks gives potential investors a program ineffective image that undermines its credibility, “responded Luis Lima, president of the Association of Professionals and Real Estate Companies in Portugal (APEMIP) said in a statement.
for this association leader, “the process of granting visas remains stagnant and, unfortunately, its standardization seems to be in sight. the country, local authorities and market players continue to lose this investment which is so lacking, without realizing because reason, “he lamented.
since the Portuguese Confederation of Construction and Real Estate (CPCI) believes that the negative monthly record in January, investment amounts received by this program” must be quickly seen as a warning sign, showing that it is necessary to do much more to preserve a program that not only revealed excellent results, as the pair not Ordinarily Resident Taxation Regime, allowed us to put our country on the investment radar foreign real estate. “
in view of the worrying development of this program, the confederation led by Reis Campos back to reaffirm” the need to ensure the confidence of investors, based on a solid regulatory framework, concession terms and renewal of visas strictly observed by the competent authorities, provided with functional means tuned to a program that has already greatly exceeded the EUR 120 million in direct revenue for the state. “
Recalling that Portugal” continues to have conditions of excellence to attract foreign investors, “the CPCI” renews the call for an effort by the Government, in order to monitor the immense potential that the property Portuguese presents on a global scale, avoiding the flight of investors to other destinations, promoting country to a large number of foreign markets. “
the president of APEMIP considers urgent that” this normalize procedure once and for all “, claiming that” there are still hundreds of cases awaiting clearance “by Foreigners and borders service (SEF).
“and while investors hope and despair, the image of our credibility is constantly buffeted across borders, and potential customers will look at us with distrust will not resume, opting for other countries with similar programs, “says Luís Lima
in a very harsh tone, the representative of estate concludes:”. or assume the maintenance of a program operating properly, or more valley finish him and now block the bad image that we are moving abroad. “
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