portuguese golden visa

The Portuguese PS Socialist decision to limit the scope of the programme to “areas of the Interior, Madeira and the Azores” was initially taken to mean that parts of the Algarve would still qualify for golden visa investment.

But on Tuesday in parliament, it appeared that no area of the Algarve, being a “coastal region”, would qualify for Golden Visa via property investment because every municipality is part of what is termed a CIM Litoral (coastal intermunicipal community) – and these too have been taken out of the regime.

According to Ana Catarina Mendes, leader of the socialist bench “it was time to address the galloping property speculation that golden visas have generated in areas of the capital and Porto, as well as to try and dynamise ‘poorer regions’ where people could do with increased job opportunities”

Read the full article in published by the digital newspaper Portugal Resident.