The amount that foreigners invested in Portugal to obtain permission to live there fell to €26.1 million (about US$30.18 million) in July, 56.3 percent less than a year earlier, Xinhua reports.
The arrangement that allows foreigners to live in Portugal if they make certain investments there is called the golden visa scheme.
The Chinese government-run news agency, citing figures given by the Portuguese Foreigners and Borders Service, says that since the golden visa scheme began in October 2012, €3.9 billion worth of investment has bought foreigners 6,416 permits to live in Portugal, of which 3,912 were obtained by Chinese.
Foreigners from outside the European Union can obtain permission to live in Portugal if they buy real estate there worth at least €500,000, bring in at least €1 million of capital or create at least 10 jobs in the country.
