Loss of golden visas dampens American enthusiasm for Portugal.

Date:

Share post:

Bloomberg has released a new analysis stating that Portugal is falling short of North American expectations.

American investors are discouraged for a number of reasons, including the language barrier, bureaucratic red tape, housing price increases, and the termination of the golden visa program.

Demand for the “Golden Visa” program, which allows foreigners to live and work in Portugal, decreased by 18% between January and June.

However, the 37% decrease is more noteworthy when applied to North Americans.

Meanwhile, the number of North Americans living in Portugal has increased by a factor of more than three between 2018 and 2022, according to Bloomberg, reaching a total of 9,794.

In only the last year, 216 golden visa were issued to citizens of North America.

Related articles

Portuguese Medical Association considers it unacceptable that Viseu has no pediatric emergency room

The President of the Portuguese Medical Association (Ordem dos Médicos) today considered it unacceptable that the Viseu Dão-Lafões...

Bathing advised against in Matosinhos due to microbiological contamination

Bathing at Matosinhos beach, in the district of Porto, has been advised against since Tuesday due to microbiological...

Video surveillance in Porto has preserved images of 910 cases

The video surveillance installed around a year ago in downtown Porto has enabled the preservation of images related...

6,000 liters of wine seized in Santo Tirso (valued at €5,000)

The operation of the establishment was suspended "due to a lack of hygiene requirements". The Food and Economic Safety...