Portugal ends Golden Visas, curtails Airbnb rentals to address housing crisis | Reuters

“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,” according to Reuters.

Also: “Foreign real estate buyers who wish to renew their existing golden visas will only be eligible if their properties are used as their own home, or if these units are placed in the long-term rental market, [Prime Minister Antonio Costa] said, according to Bloomberg.

And: “Government officials acknowledged that the visa programme was not the principal factor behind rising housing costs, but said it was creating uncomfortable questions for the government and ending it was symbolically important,” according to The Financial Times.

Related: Portugal To End Golden Visas, For Real This Time, Seriously

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