Portugal's golden visa scheme raises 101 mln euros in Nov.

Portugal's golden visa scheme attracted 101 million euros (125 million U.S. dollars) in November, the Portuguese Confederation of Construction and Real Estate (CPCI) revealed on Thursday.

According to a statement issued by CPCI, Portugal gained 90 million euros from the real estate sector and 11 million from transfer of capital.

The golden visa scheme started in 2012, giving wealthy investors the chance to reside in Portugal as well as visa-free travel in the Schengen zone if they invest 1 million euros in capital, purchase real estate worth of 500,000 euros or create at least 10 jobs in the country.

The CPCI said in the statement that the program had registered 132 new investors, which they said reflected trust in the market on behalf of investors.

The scheme has already raised 1.177 billion euros, of which 1. 062 billion euros correspond to the acquisition of immovable heritage.

Last month three senior officials were detained on suspicion of corruption, money-laundering and embezzlement, linked with this scheme.