Vice-Prime Minister of Portugal announced yesterday that he expects to collect over 500 million euro investment for Portugal with Investors Visa in 2014. After a total collection of 306 million euro in 2013, Paulo Portas expects to be able to collect over 500 million which represents an increase of over 60% for 2014.
Investors Visa Program is surpassing the expectations and according to Paulo Portas words, it is a credible and sustainable way to get foreign investment in Portugal and overall results are very positive. This Program is today one of the most important instruments to help Portuguese economy to recover from global crisis.
Real Estate Industry has been seen an unexpected recovery with this program which can account with a volume increase of 40% in 2013 for number of transactions processed through this program. Till the end of December 2013 have been accounted a total of 471 Golden Visas | Investor Visas.
This is a clear message of how important this program is for Portuguese Government and how much efforts are being put into this resource of foreign investment.
Real Estate prices are already overseeing an increase due to all positive factors that are surrounding Portuguese economy. Great expectations are still open for the period after IMF intervention in Portugal.