THE END OF THE PORTUGUESE GOLDEN VISA? At the 2023 Web Summit, Portugal’s Prime Minister threw the cat among the pigeons stating that it was time to re-evaluate the Golden Visa program, and that it probably did not justify retaining the program. Real estate agencies and associations were up in arms, arguing that the program had not played a role in distorting the market and that it would cut off an...
DÉJÀ VU… THE END OF THE PORTUGUESE GOLDEN VISA…again? It feels like ground hog day (or week) writing this… In September of 2022, I penned a 3-part article that can be found here: The changing portuguese real estate market ( Part 3 ) - ALL ABOUT RETIREMENT OVERSEAS, analysing the factors that had contributed to the change in the real estate landscape. I also pointed out the need for structural...
Emerging sources of clients, supply versus demand imbalances and much more. The chasm between cost and access to accommodation by local people, and the cost of delivering new inventory In a report by CIA Landlord Insurance in the UK, published in March 2022, Lisbon is ranked as the third least viable city in the world in which to live, if you are renting. This is due to the discrepancy between...
Emerging sources of clients, supply versus demand imbalances and much more. The increase in the presence and importance of the North American market The Portuguese borders agency, SEF, has reported a large growth in US citizens choosing Portugal as their residence. While admittedly from a tiny base, the growth of this market underscores the increase in relative wealth of the average...
EMERGING SOURCES OF CLIENTS, SUPPLY VERSUS DEMAND IMBALANCES AND MUCH MORE The growing popularity of Portugal Some would say that it is ironic that the international market and investment has done what Portugal and the Portuguese could not find the courage to do themselves, namely value their patrimony fairly. With decades of cheap real estate culminating in the financial crash...