Portugal’s golden visa program raised EUR 52.3 million from 100 investors and 135 family members in February, a month-on-month uptick of 58% in euro terms and of 82% in number of approvals. The disparity between the two figures is explained by a greater share of applicants opting for the alternative (typically cheaper) investment categories in February than in the preceding month; whereas three in four applicants opted for the conventional EUR 500,000 property investment in January, fewer than two-thirds did so in February. The improvement is all the more encouraging when considering February has 11% fewer days than January.
Last month’s approval volumes also represented a 43% improvement on February a year ago.
Americans, once more, made it into the top five applicant nationalities list, where they have featured consecutively since August 2020, with the exception of December last year.