When the Golden Visa programme was launched (2012), it created a financial bubble for the economy that was suffering a recession. Eight years have passed, foreign investment from outside Europe weighs less and less on the global volume of real estate trade. Nevertheless, since its inception, the programme has already raised more than €3.7 billion.
The embarrassment is not in the attractiveness of our country, but in the negative perception that the programme has, created by the constant bureaucratic barriers which began in late 2014.
"If from 2016 to 2017 we had a decline in issued visas of 3.4% (€844 million), this year the investment fell 18.4% (€63.6 million) and, unfortunately, the downward trend will remain," says the president of APEMIP, Luís Lima.
Casas do Barlavento believes that it will be challenging to recover the credibility of the programme, mainly if the allocation of visas still does not work properly. However, there is always hope that new countries will discover this programme, as is the case of the Turks who are now starting to invest in real estate in Portugal.
About Casas do Barlavento - Real Estate Algarve
Casas do Barlavento is a real estate agent in the Algarve (for 15 years), Portugal created for the purpose of helping clients achieve their goal, whether it is to buy a property, rent a property or put their property for sale.
Knowing that every client has their own requirements we listen carefully and consider all their needs and preferences. The success of the whole process is based on the trust the clients place in us.
We believe that one of the key points to our success is understanding the clients’ wishes. Our objective, as a company, is to have a happy and productive team and close successful real estate deals, but above all, have a client that is pleased with their decision. We enjoy what we do – and it is important to us that you enjoy doing business with us!
For more information:
E: info@casasdobarlavento.com
T: +351 282 780 870
W: www.casasdobarlavento.com
Note: Our Company is licensed by InCI (AMI-5486) and is also a member of APEMIP (Association of Real Estate Professionals and Companies in Portugal).