It’s not really jacking up housing prices in Portugal. Only 33k ever used the golden visa route there and that includes the non-real estate investment options. If you look at total real estate sales, golden visa transactions accounted for like 1%. That said, the perception caused them to eliminate the real estate investment route. The real issue in Portugal is they let 1 million people in on other visa types for a country that only has a population of 10 million.
The anger on the golden visa is odd. People are basically risking money in a country, not even living there, or consuming its resources, and may never. Some golden visas just involve giving the government a huge sum of money with no chance of recuperating it. In exchange, they get citizenship after a decade without even using a single government service.
It’s not really jacking up housing prices in Portugal. Only 33k ever used the golden visa route there and that includes the non-real estate investment options. If you look at total real estate sales, golden visa transactions accounted for like 1%. That said, the perception caused them to eliminate the real estate investment route. The real issue in Portugal is they let 1 million people in on other visa types for a country that only has a population of 10 million.
The anger on the golden visa is odd. People are basically risking money in a country, not even living there, or consuming its resources, and may never. Some golden visas just involve giving the government a huge sum of money with no chance of recuperating it. In exchange, they get citizenship after a decade without even using a single government service.