3 ms·
> caused by a couple thousand Americans in a country of millions Chinese nationals account for half of all golden visas issued in Portugal. It is the same capi
by mike_d 4y ago
> caused by a couple thousand Americans in a country of millions
Chinese nationals account for half of all golden visas issued in Portugal. It is the same capital outflow that is ruining real estate markets worldwide.
https://www.bloomberg.com/news/articles/2023-02-16/portugal-to-end-golden-visa-program-after-surge-in-home-prices https://www.bloomberg.com/news/articles/2023-02-16/portugal-...
- kelnos 4y agoThat article also says the total number of residency permits issued under the program was 11,628. The idea that 12k foreigners have caused (or even significantly contributed to) Portugal's housing unaffordability doesn't really pass the smell test. Picking on the portion of those that went to Chinese nationals is just an irrelevant detail.