Real Estate: New International investors in Portugal
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    Real Estate: New International investors in Portugal

    In November entered the country 132 foreign investors under the gold visa program. Applied 90 million in real estate.Despite the controversy surrounding the gold of the visa program, the Portuguese Confederation of Construction and Real Estate (CPCI) reveals that in November were raised over € 101 million under that program. Of the total, about 90 million are related to investments in real estate. The total investment in Portuguese territory under the visa amounts so the 1,177 million euros, of which 91% is the acquisition of real estate.

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    In November entered the country 132 foreign investors under the gold visa program. Applied 90 million in real estate.
    Despite the controversy surrounding the gold of the visa program, the Portuguese Confederation of Construction and Real Estate (CPCI) reveals that in November were raised over € 101 million under that program. Of the total, about 90 million are related to investments in real estate. The total investment in Portuguese territory under the visa amounts so the 1,177 million euros, of which 91% is the acquisition of real estate.
    Fit for the state
    According to the statement of CPCI, these data "demonstrate unequivocally that it is a scheme with a strong investment attraction potential and continues to deserve the trust of investors and the whole market '.
    The confederation also highlights the fact that no other investment funding program was able to achieve such positive results. And remember that, in addition to all the indirect effects on economic activity in sectors such as trade or tourism, billion invested by foreign investors in local real estate accounted for more than 60.5 million euros in direct taxation and 20.4 million in visa fees.
    Lack investment within the country
    The CPCI admits the need for the program visas be improved. The confederation suggests that, besides the possibility of linking the investment to buy a home, the program enables the implementation of projects of urban regeneration and the creation of mechanisms that encourage its expansion throughout the country.
    According to the confederation of construction, would allow the dissemination of this initiative in regions with high potential but not yet subject to significant investments, such as the interior of the country.

    In: Sol Economy03/01/2015