Re:The Portuguese can no longer afford to live in Portugal
by jollybean on Thursday September 01, 2022 @02:01PM
(#32680459)
Instead of selling their land, they can lease it, with a heavy tax on top.
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Re:The Portuguese can no longer afford to live in Portugal
by 0x457 on Thursday September 01, 2022 @02:40PM
(#32681010)
Foreigners buying land there are because it gives them a path to European passport or at very least nearly instant permanent residency. Not because they want to live in Portugal.
Portugal requirement is "just" €280,000 which is extremely low - their neighbor's, Spain, requirement is €500,000.
Whichever country has "good" real-estate prices and golden visa requirements to match will have foreigners buyers.