Golden Visa demand grows

New applications for five-year residence permits through the Golden Visa program continue unabated, as 1,299 new applications were submitted in the first two months of this year, compared to 1,248 applications submitted in the corresponding two months last year.

In total, it is estimated that since the beginning of the program until today, 24,000 properties have been acquired with a minimum investment value of 6 billion euros.

This figure is based on active permanent investor permits, which amount to 15,865 (12,529 initial permits and 3,336 renewals), but also the 8,137 initial permit applications currently pending.

Based on data from the Migration and Asylum Ministry, during 2023, 4,444 permits were approved, corresponding to real estate sales with a minimum value of €1.1 billion. During the first two months of this year, another 664 permits were granted.

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