3 ms·
Instead of selling their land, they can lease it, with a heavy tax on top.
by jollybean 4y ago
Instead of selling their land, they can lease it, with a heavy tax on top.
- 0x457 4y agoForeigners 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.