New restrictions on short-term rentals
A new bill came into law on Sunday with the aim of controlling short-term rentals in certain parts of the country. It will allow local municipalities to set out ‘containment areas’, in which any person or entity can only rent out seven units on a short-term basis. They’ll also be able to completely limit rentals. Lisbon’s City Council has issued a statement that it will stop giving out new rental licences in the Bairro Alto, Mouraria, Alfama, Castelo and Madragoa.
Municipalities can redefine the containment areas every two years, so nothing is completely set in stone.
Changes to ‘Golden Visa’ rules
Positive changes have come into force on Portugal’s investment programme, nicknamed the ‘Golden Visa’. From now on, holders of a ‘Golden Visa’ will be able to apply for permanent residency here after five years, provided the continue to invest. In return, they’ll also be exempt from requirement to live for two months a year here that applies to most people.
