Portugal puts an end to “golden visas” to curb real estate speculation

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Portugal will stop handing out golden visas to big foreign investors, Prime Minister Antonio Costa announced Thursday as he unveiled a series of measures to alleviate housing shortages and curb real estate speculation.

These controversial residence permits will only be extended if the investors who bought real estate reside in them permanently or if they rent them to residents, the head of the socialist government specified.

Portugal has been issuing these “residence permits for investment” since 2012 when it . . .

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