>In Portugal, it has attracted 6.5 billion euros in investment by foreigners, mainly from China, Brazil and South Africa, with the bulk of the money going into real estate. Rules have changed this year to redirect investments from a red-hot property market in big cities to depopulated areas.
That attracted a decent amount of money. I wonder if it was worth the hassle.
At first glance, it seems like golden visa programs are free money. However, since the required investment just helps inflate property markets, golden visas are pointless and unproductive. I wish Spain would get rid of its golden visa too.
2 comments
>In Portugal, it has attracted 6.5 billion euros in investment by foreigners, mainly from China, Brazil and South Africa, with the bulk of the money going into real estate. Rules have changed this year to redirect investments from a red-hot property market in big cities to depopulated areas.
That attracted a decent amount of money. I wonder if it was worth the hassle.
At first glance, it seems like golden visa programs are free money. However, since the required investment just helps inflate property markets, golden visas are pointless and unproductive. I wish Spain would get rid of its golden visa too.