About 10,000 people mainly from France, the UK and Italy, benefited from the tax break.
Between 2012 and 2021, the cost of housing increased by 78% in Portugal, compared to 35% in the European Union as a whole, according to a study by the Portuguese Francisco Manuel dos Santos Foundation.
The rules created in 2009 to attract foreign capital to Portugal, badly hit by the 2008 financial crisis, offered a total and later a partial exemption from taxes.About 10,000 people mainly from France, the UK and Italy, who settled in Lisbon and the southern Algarve region, benefited from the tax break.
Between 2012 and 2021, housing prices increased by 78 percent in Portugal compared to 35 percent in the European Union as a whole, according to a study by the Francisco Manuel dos Santos foundation.Thousands of Portuguese took to the streets of Lisbon and 20 other cities across the country on Saturday to ask for stronger government intervention against unaffordable housing prices.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maimane ready to fight in 2024 electionsBosa leader believes defeating the ANC in next year's polls is possible.
Read more »
Bestmed announces medical aid price hikes and changes for 2024South Africa’s fourth biggest medical aid scheme, Bestmed, has announced price and package changes for 2024.
Read more »
Tshwane EFF says dilapidated Showgrounds not ready to host IEC during 2024 pollsThe EFF blamed the DA-led government for not maintaining the Showgrounds even though the property was inoperative since the 2021 local government elections.
Read more »
Next BLUE SUPERMOON for 2024The next BLUE SUPERMOON you can see in the skies will only be in 2024! Here's when to spot this rare sky event.
Read more »