The Portuguese Immigration Service (SEF) has published the data for the Golden Residence Visa applications for May 2022: in May 2022, a total of 112 main applicants and 138 affiliated applicants were granted the Portuguese Golden Visa. The total number of approved employees is 250, with a total investment of approximately EUR 53.8 million.
Among them, the largest number of main applicants is Chinese, with a total of 17 groups, and the top 5 are:
1.China 2.United States 3.Brazil 4.Lebanon 5.India
Among all those approved, 93 applicants were obtained through home purchase immigration, with an investment amount of 44.955 million euros, of which 28.0616 million euros flowed into the 500,000 euros housing immigration project, accounting for 62.4%; 16,893,400 euros flowed into 350,000 euros of old house renovation projects, accounting for 37.6%. Another 19 are invested through capital. Note that in terms of amount, the applications approved in May 2022 are still submitted before the new law takes effect.
Overall, investing in Portuguese properties that are in short supply, with ideal rental yields and suitable for wealth inheritance, is still the mainstream way for applicants to obtain Portuguese status.
After 10 years, Chinese is true love
At the same time, the Portuguese Immigration Service also released the overall data of the Golden Visa from the introduction of the Golden Visa in 2012 to the present.
In these 10 years, Chinese is definitely a true love of Portugal, with a total of 5109 Chinese applying for Portuguese visas, more than half of the total number of 10,748 applicants.
As you can see from the May data above, property investment is the most popular project. Not only this month, but throughout the 10-year history, 5.697 billion euros of funds were invested in real estate.
Since January 1 this year, the scope of home investment has been limited to a certain extent, and residential properties cannot be purchased in coastal cities such as Lisbon and Porto, and the local government hopes to lead investment to inland areas.
It should be noted that this adjustment is only for the residential category, not commercial real estate, and it is still possible to apply for immigration by investing in commercial real estate in Lisbon.
Enduring identity investment products
The Portuguese Home Buying Immigration Program can be said to be one of the enduring identity investment products. Not only Chinese investors, but also global overseas investors are optimistic about the development trend of Portugal real estate all the way and have a strong interest in Portuguese real estate.
According to data previously released by INE, residential property prices in Portugal rose by 9.4% in 2021. Moreover, in addition to buying a house and investing in identity, you can not only travel freely in Europe, but also freely study, work, do business and settle in Portugal, and meet the multiple needs of identity allocation, education planning, pension medical care, home purchase and home in one step, and help wealth appreciation.
At present, the immigration policies of European countries are gradually tightening, and the price increases and closures again and again are telling us that immigrants cannot afford to wait, and they should shoot when they should shoot!