Feb 24, 2023
By Charles Taylor Harris

Portugal Waves Goodbye to Golden Visa Program Amid Housing Crisis

In an effort to tackle the housing crisis, Portugal has hinted at the difficult decision to say goodbye to its much-loved "golden visa" program. It has been a popular route to getting residency in Portugal in exchange for a qualifying investment. 

Changes are on the horizon, with the program potentially being eliminated for new applicants and renewed only if certain conditions are met for existing visas. There is a high risk of the program being completely terminated in the short-to-medium term.

However, the details are yet to be shared, and the process for approving any proposed changes involves a series of procedures. 

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