Portugal axes 'golden visa' scheme days after Ireland's abrupt exit

Portugal has joined Ireland this week with its decision on 16 February to scrap golden visas for non-EU nationals. According to the country's Prime Minister António Costa yesterday (16 February), he said in a briefing  that it was "a measure to combat real estate speculation".  While full details have not yet been released, the headlines points are that Portugal will not grant investors any new golden visas from now on,  with existing scheme holders only able to renew if they or their children use the property they invested in as their own home.  Another option to qualify for the r...