Portugal's reputation with international investors - Bobby O'Reilly speaking frankly with Idealista
Channel: Good Morning Portugal!
Date: 2023-06-21

Bobby talks to us hear about his recent interview with Idealista - https://www.idealista.pt/news/financas/investimentos/2023/06/14/58241-casas-sustentaveis-e-inteligentes-e-uma-nova-forma-de-viver

EXCERPT: In summary, what do you think of the Government's Mais Habitação program?  

"I don't believe it benefits anyone in the long run. But it damages Portugal's reputation with international investors. And national inhabitants are at a disadvantage, through the revocation of Local Accommodation (AL) licenses. Nor does it make any sense to convey the idea that the Golden Visa program is a reason for the inflation felt in property prices. It just doesn't make sense. In a simple mathematical exercise, of the 180,000 homes sold each year, less than 1,000 are related to the Golden Visa . At the very least, the program has brought many hundreds of millions of euros into the Portuguese economy and created thousands of jobs."

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