Chinese investors are going to shed a rain of billions euros for the Portuguese real estate market due to the scheme receive a "golden visa" in this country. New terms, that entered the Portuguese authorities in 2012 to improve the economic situation in the country, are extremely in demand in China, reports an agency Fine & Country Cascais. It is noted that the Chinese have invested in Portugal about €25 million.
The current scheme is not surprising. Investing €500,000, the buyer of a country outside the EU is granted a residence permit in Portugal for five years. The buyer then has the right to apply for permanent residency.
According to Charles Roberts, managing partner of Fine & Country Cascias, investors tend to buy a house in Portugal in the event of political instability in China. Portugal has become an ideal place for investment, training and life.