Feb 19, 2023
Portugal shuts down golden visas
Portugal closes the golden visa program and stops issuing Airbnb-type short-term rental licenses.
The large influx of newcomers has caused an acute housing crisis. Over the past year housing prices in Lisbon jumped by 37%, the cost of renting a one-bedroom starts from 800 €. The median salary in Lisbon is 1000 €.
Obviously, the crisis is caused by migrants and refugees. This is a problem in many cities and countries. Housing is simply scarce, and it has become very expensive. There are not many variants: either you have to open for yourself less popular destinations, or you have to wait for new restrictions from the governments.
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