Key Points
Portugal will end its golden visa programme, which offers residency rights to non-EU nationals in return for investments including in real estate and has been criticised for boosting house prices and rents..
Portugal ends golden visas, curtails Airbnb rentals to address housing crisis (Reuters)..
Portugal announced on Thursday a hefty package of measures to tackle a housing crisis, including the end of its controversial "Golden Visa" scheme and a ban on new licenses for Airbnbs and other short-term holiday rentals...
Low salaries, a red-hot property market, policies encouraging wealthy foreigners to invest and a tourism-dependent economy have for years made it hard for locals to rent or buy, housing groups have said..
Housing groups said the measures would mean little if the government continued to promote other policies to attract wealthy foreigners to Portugal, such as the "Digital Nomads Visa" introduced in October, which gives foreigners with high monthly income from remote work to live and work from Portugal without paying local taxes...
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