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The decision to limit the Golden Visa programme to property purchases in inland Portugal has been approved in Parliament. The decision now restricts the incentives scheme, which has brought in €4.5 billion in real estate alone, to property purchases outside of Lisbon and Porto.
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The Symington Family Estates wine producer has created experimental vineyards in the Douro where it investigates the behaviour of grape varieties and their ability to withstand drought and hot weather, consequences of climate change.
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The future of the Golden Visa programme will be decided on February 6th, when the Portuguese parliament will have a final vote on the 2020 budget proposal drawn up by the Socialist Party.
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The new legislation would set rules for the period 2021-2030 and seeks to strengthen the cost-effectiveness of emission reductions and investment in low-carbon technologies.
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The statement is hardly a surprise for those following the evolution of the real estate market in Portugal, but these were the findings of the property consulting firm Cushman & Wakefield (C&W) in Portugal.
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