Spain has become the European leader in the number of issued "golden visas" designed to attract foreign capital to the country in exchange for a residence permit, Noticia.ru informs with reference to the information of the Idealista website. Prior to this moment, Portugal was holding the crown, but in April the number of such documents issued by its authorities decreased by 59%, and the volume of investments was reduced to ˆ 78 million. The corresponding data were received by the Portuguese Confederation of Real Estate Construction (CPCI).
According to the head of CPCI Reish Kampusha, market players are alarmed by this state of affairs, since the unexpected drop occurred after a successful first quarter when the real estate sector showed positive signs of consolidation.
In this parameter, Spain was able to significantly outstrip Portugal: last year the total amount of investment in Spanish real estate was ˆ 1.554 billion, and in Portuguese - ˆ 873 million.
Reich Kampusch stressed that the government should take measures to stop the outflow of investors to other countries and restore Portugal's leadership in this area. "We have all the necessary conditions to once again win leadership as a privileged direction for investment," the head of the confederation said.
According to the Department of Commerce, in the case of Spain since its appearance in late 2013, the "golden visa" attracted a total of 2,236 investors and ˆ 2.157 billion of which ˆ 1.554 billion was invested in real estate, ˆ 495 million - in business projects, And another ˆ 108 million - in financial assets.
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