“Finance Minister Joaquim Miranda Sarmento told the Financial Times, which first reported the new plan, that salaries and professional income would now still be covered
“Portugal’s tax breaks, golden visa and sun-soaked beaches are luring overseas millionaires wanting to settle there,” Bloomberg writes (behind paywall).
“Following the impossibility of renewal — in 2012 a change to the law determined that the regime is granted for a period of 10 years
A lot of things will be up in the air for a while after the sudden resignation of Antonio Costa.
“The pithy, punchy line ‘Portugal is the California of Europe’ resonates for a lot of West Coasters,” TPN writes. Related: These Californians relocated to Portugal.
“Lisbon, which topped last year’s rankings [by real estate broker Savills Plc] has dropped to no. 5 as rents soared in the city,” Bloomberg writes.
“Prime rents in the cities grew more than 13% in the first half of the year — a faster pace than anywhere else in the