Funds raised through the golden visa programme fell by 60% in July compared to the same month of 2020, to 22.1 million euros, according to Lusa and the Foreigners and Borders Service (SEF).
The Jornal de Negócios reported that investment resulting from the Residence Permit for Investment programme reached 22,197,726.03 euros In July, down 60% year-on-year (56 million euros) and a 39% drop compared to June (36.4 million euros).
Portugal granted 41 ARIs in July, 35 of which were for the acquisition of real estate (11 for urban rehabilitation) and six for capital transfers.
Last month, real estate purchases totalled about 20 million euros. 3.9 million euros were destined towards urban rehabilitation, while capital transfers added up to 2.1 million euros.
Ten gold visas were granted to China, five to the United States, five to Russia, four to Brazil and three to Turkey.
In the first seven months of the year, Portugal granted 486 golden visas, including 55 in January, 100 in February, 73 in March, 98 in April, 52 in May, 67 in June and 41 in July.
Between January and July, total investments raised through the programme amounted to 259.8 million euros, a drop of over 40% compared to the 439 million euros in the first seven months of 2020.
So far this year, 9,265 visas were granted for real estate purchases, including 885 for urban rehabilitation. Visas were granted for capital transfers totalling 590 and 20 for job creation.
Chinese nationals have received the most visas (4,953), followed by Brazil (1,028), Turkey (470), South Africa (409) and Russia (388).
Since the start of the programme in 2012, 16,762 residence permits have been granted to reunited family members, including 712 this year.
