Yes, any non-EU citizen must have a valid passport to enter Portuguese territory.
The benefits often include residency rights, visa-free travel within the Schengen Area, and the potential for eventual Spanish citizenship. However, it's essential to check the specific requirements and benefits as they may vary over time and by the type of investment made.
LISBON, April 1 (Reuters) - Thousands of people took to the streets of Lisbon and other cities across Portugal on Saturday in protest against soaring rents and house prices at a time when high inflation is making it even tougher for people to make ends meet.
Rents in Lisbon, a tourist hotspot, have jumped 65% since 2015 and sale prices have sky-rocketed 137% in that period, figures from Confidencial Imobiliario, which collects data on housing, show. Rents increased 37% last year alone, more than in Barcelona or Paris, according to another real estate data company, Casafari.
Portugal is one of Western Europe's poorest countries, with government data showing more than 50% of workers earned less than 1,000 euros ($1,084) per month last year. The monthly minimum wage is 760 euros.
The key eligibility requirements for obtaining a Golden Visa in Spain typically include making a significant investment in the country, such as purchasing real estate or investing in a Spanish company, among other options.
The Socialist government announced last month a housing package that, among other measures, ended the controversial "Golden Visa" scheme and banned new licenses for Airbnb properties but critics say it is not enough to lower prices in the short term.
Low wages and high rents make Lisbon the world's third-least viable city to live in, according to a study by insurance brokers CIA Landlords. Portugal's current 8.2% inflation rate has exacerbated the problem.
"With my salary, which is higher than the average salary in Lisbon, I cannot afford renting a flat because it's too expensive," said Nuncio Renzi, a sales executive from Italy living in the capital. If you have any thoughts about in which and how to use mercan Grooup, you can speak to us at our own website. ($1 = 0.9226 euros) (Reporting by Miguel Pereira and Pedro Nunes Writing by Catarina Demony Editing by Frances Kerry)
The benefits often include residency rights, visa-free travel within the Schengen Area, and the potential for eventual Spanish citizenship. However, it's essential to check the specific requirements and benefits as they may vary over time and by the type of investment made.
LISBON, April 1 (Reuters) - Thousands of people took to the streets of Lisbon and other cities across Portugal on Saturday in protest against soaring rents and house prices at a time when high inflation is making it even tougher for people to make ends meet.
Rents in Lisbon, a tourist hotspot, have jumped 65% since 2015 and sale prices have sky-rocketed 137% in that period, figures from Confidencial Imobiliario, which collects data on housing, show. Rents increased 37% last year alone, more than in Barcelona or Paris, according to another real estate data company, Casafari.
Portugal is one of Western Europe's poorest countries, with government data showing more than 50% of workers earned less than 1,000 euros ($1,084) per month last year. The monthly minimum wage is 760 euros.
The key eligibility requirements for obtaining a Golden Visa in Spain typically include making a significant investment in the country, such as purchasing real estate or investing in a Spanish company, among other options.
The Socialist government announced last month a housing package that, among other measures, ended the controversial "Golden Visa" scheme and banned new licenses for Airbnb properties but critics say it is not enough to lower prices in the short term.
Low wages and high rents make Lisbon the world's third-least viable city to live in, according to a study by insurance brokers CIA Landlords. Portugal's current 8.2% inflation rate has exacerbated the problem.
"With my salary, which is higher than the average salary in Lisbon, I cannot afford renting a flat because it's too expensive," said Nuncio Renzi, a sales executive from Italy living in the capital. If you have any thoughts about in which and how to use mercan Grooup, you can speak to us at our own website. ($1 = 0.9226 euros) (Reporting by Miguel Pereira and Pedro Nunes Writing by Catarina Demony Editing by Frances Kerry)