Portugal announced on Thursday a hefty package of measures to tackle a housing crisis, including the end of its controversial “Golden Visa” scheme and a ban on new licenses for Airbnbs and other short-term holiday rentals. Rents and house prices have skyrocketed in Portugal, which is among the poorest countries in Western Europe. Last year, more than 50% of workers earned less than 1,000 euros per month while in Lisbon alone, rents jumped 37% in 2022.
Portugal ends Golden Visas, curtails Airbnb rentals to address housing crisis | Reuters
Airbnb rentals can be a great travel option but they can also create a very inflated rental market. This is true for many places, including Santa Fe. Hard to find a rental in Santa Fe because so many landlords have changed their rental properties into short-term Airbnb rentals.
I think it’s time for the changes Portugal is making. If the problems were not addressed the country might open a path for a right wing politician railing against all foreigners.