January figures from SEF show Portugal’s Golden Visa program is continuing the upward trend its started last summer; 146 main applicants – and 241 of their family members – invested 85.6 million euros in the West-Iberian economy in the first month of the year. That’s an average of €586,000, well above the minimum.
Should each month in 2019 be as good as January, Portugal would see its own annual records for both investment and visas issued surpassed by some 24%; on an annualized basis, 146 monthly approvals comes out to 1,752 a year, a great deal more than the 2016-record of 1,411 annual approvals.
All told, the program has thus far brought investments worth €4.35 billion – 91% of which has come in the form of real estate acquisitions – with average investments amounting to €610,000.