Portuguese government issues 1100 Golden visas

Discussion in 'Portugal Property' started by totallyproperty, Jun 22, 2014.

  1. totallyproperty

    totallyproperty Administrator Staff Member

    When the Portuguese authorities decided to replicate the Spanish strategy of issuing so-called "golden visas" to those acquiring real estate many people were critical. However, these visas, which offer foreign investors five-year work and residency permits, have apparently attracted €650 million in additional real estate investment.

    Is this a valid and reasonable way of supporting the Portuguese real estate market in the short-term? Or is this a waste of taxpayer’s money?
     
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