Portugal property still a big draw for foreigners despite 'golden visa' scandal

Britons in top place among 23,000 foreign buyers last year, followed by Chinese and French

Published Sun, Feb 1, 2015 · 09:50 PM

    Lisbon

    PORTUGAL'S property market continues to expand at double-digit rates, thanks to foreign buyers, including China's new wealthy, despite a corruption scandal over visas used to lure in rich non-Europeans.

    More than one in five residences sold in Portugal last year was bought by a foreigner, according to provisional data by the Portuguese Real Estate Agents Association. Britons were in top place among the 23,000 buyers, followed by Chinese and French.