LISBON: The amount of foreign investment flowing into Portugal under the auspices of its fast track gold visa advanced 45% year-on-year in the months through to April and topping €313 million, the CPCI – the Portuguese Confederation of Construction and Real Estate said by statement on Friday.
The CPCI added that the €82 million in new real estate investment seen in April took the total investment generated by foreign investment passport scheme to in excess of €2 billion. The statement said that this was “underpinning a positive expectation for the forthcoming months” with ripple effects for the broader economy and “a blatant demonstration that Portugal has a very high level of intrinsic competitiveness and that with well defined incentive measures, fostering the confidence of investors and with regulatory and fiscal stability, more and better investment may get attracted.”
