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The socioeconomic impact of the golden visa program in Portugal - the impact on the housing market
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Orientador(es)
Resumo(s)
In 2012, the Portuguese government implemented the Golden Visa program, which had many
socioeconomic ramifications. This paper analyses those impacts, showing that the Golden Visa
positively impacted the country’s short-term economic growth. Also, participating investors
pose no strain on social welfare services or induce any negative externalities. The shift to the
venture capital funds investment option, anticipated to be the future of the program, could
potentially expand an already flourishing industry. Furthermore, implementing the Golden Visa
has a significant positive impact on housing prices and has spillover effects on prices after its
termination.
Descrição
Palavras-chave
Golden visa Residence-by-investment Macroeconomic growth Social impact Venture capital Real estate Portugal Housing