
Portugal Considers Sweetening Incentives for Golden Visa Program
Less than two months after Spain scrapped its golden visa due to concerns about its effect on the housing market, Portugal is considering whether to sweeten its golden visa program and make a special tax regime for expatriates even more attractive.
Minister of the Presidency Antonio Leitao Amaro said in an interview that the measures being discussed would aim to bolster foreign investment and lure global talent to Portugal's economy.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Rayner faces Labour backbench call to ‘smash' existing housebuilding model
Angela Rayner could face a backbench rebellion from MPs demanding a 'progressive alternative to our planning system'. Labour's Chris Hinchliff has proposed a suite of changes to the Government's flagship Planning and Infrastructure Bill, part of his party's drive to build 1.5 million homes in England by 2029. Mr Hinchliff has proposed arming town halls with the power to block developers' housebuilding plans, if they have failed to finish their previous projects. He has also suggested housebuilding objectors should be able to appeal against green-lit large developments, if they are not on sites which a council has set aside for building, and put forward a new duty for authorities to protect chalk streams from 'pollution, abstraction, encroachment and other forms of environmental damage'. Mr Hinchliff has told the PA news agency he does not 'want to rebel' but said he would be prepared to trigger a vote over his proposals. He added his ambition was for 'a progressive alternative to our planning system and the developer-led profit-motivated model that we have at the moment'. The North East Hertfordshire MP said: 'Frankly, to deliver the genuinely affordable housing that we need for communities like those I represent, we just have to smash that model. 'So, what I'm setting out is a set of proposals that would focus on delivering the genuinely affordable homes that we need, empowering local communities and councils to have a driving say over what happens in the local area, and also securing genuine protection for the environment going forwards.' Mr Hinchliff warned that the current system results in 'speculative' applications on land which falls outside of councils' local housebuilding strategies, 'putting significant pressure on inadequate local infrastructure'. In his constituency, which lies between London and Cambridge, 'the properties that are being built are not there to meet local need', Mr Hinchliff said, but were instead 'there to be sold for the maximum profit the developer can make'. Asked whether his proposals chimed with the first of Labour's five 'missions' at last year's general election – 'growth' – he replied: 'If we want to have the key workers that our communities need – the nurses, the social care workers, the bus drivers, the posties – they need to have genuinely affordable homes. 'You can't have that thriving economy without the workforce there, but at the moment, the housing that we are delivering is not likely to be affordable for those sorts of roles. 'It's effectively turning the towns into commuter dormitories rather than having thriving local economies, so for me, yes, it is about supporting the local economy.' Mr Hinchliff warned that the 'bottleneck' which slows housebuilding 'is not process, it's profit'. The developer-led housing model is broken. It has failed to deliver affordable homes. Torching environmental safeguards won't fix it—the bottleneck isn't just process, it's profit. We need a progressive alternative: mass council house building in sustainable communities. — Chris Hinchliff MP (@CHinchliffMP) June 6, 2025 Ms Rayner, the Deputy Prime Minister and Housing Secretary, is fronting the Government's plans for 1.5 million new homes by 2029. Among the proposed reforms is a power for ministers to decide which schemes should come before councillors, and which should be delegated to local authority staff, so that committees can 'focus their resources on complex or contentious development where local democratic oversight is required'. Natural England will also be able to draft 'environmental delivery plans (EDPs)' and acquire land compulsorily to bolster conservation efforts. Mr Hinchliff has suggested these EDPs must come with a timeline for their implementation, and that developers should improve the conservation status of any environmental features before causing 'damage' – a proposal which has support from at least 43 cross-party MP backers. MPs will spend two days debating the Bill on Monday and Tuesday. Chris Curtis, the Labour MP for Milton Keynes North, warned that some of Mr Hinchliff's proposals 'if enacted, would deepen our housing crisis and push more families into poverty'. He said: 'I won't stand by and watch more children in the country end up struggling in temporary accommodation to appease pressure groups. No Labour MP should. 'It's morally reprehensible to play games with this issue. 'These amendments should be withdrawn.'
Yahoo
23 minutes ago
- Yahoo
Miliband's latest misstep will pile unnecessary costs upon developers
Ed Miliband's attempt to lead this country was resoundingly rejected at the ballot box in 2015. Given his influence within the present Government, he may have had the last laugh. The Energy Secretary appears to have emerged triumphant in a clash with embattled Chancellor Rachel Reeves, securing the future of a £13 billion funding allocation for insulating properties across Britain, and very possibly triggering further tax rises this autumn. Having secured access to the fruits of your wallet, Mr Miliband has now turned his sights to redefining British architecture. Under plans revealed today, developers will be forced to install solar panels in the 'vast majority' of new houses, and gas boilers will effectively be banned in newbuilds in favour of heat pumps. The Energy Secretary claims that the moves could save households £500 a year on their energy bills, but appears to have neglected to consider the likely effect on development costs. There are few objections to people choosing to install solar panels, or choosing to buy a house with a heat pump. That builders confronted with market demand are not already supplying them suggests, however, that any premium people are willing to pay for these features will not cover the costs of installing them. The last thing Britain's capacity constrained housing market needs is another effort to pile unnecessary costs upon developers. Measures to ease building are drastically needed. Regrettably, Mr Miliband seems to think otherwise. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.


Bloomberg
24 minutes ago
- Bloomberg
Markets, Tesla Rise in Musk-Trump Spat Aftermath
Stocks closed at their highest mark since February on Friday with a 1% advance in the S&P 500 driving the gauge to 6,000. All major industries climbed and dip buyers flocked to Tesla, which jumped more than 3.8% in the aftermath of its co-founder's (and the stock's) very public meltdown yesterday. Treasuries dropped across the curve with two-year yields topping 4%. Money markets trimmed bets that the US Federal Reserve will cut interest rates this year. Interest-rate swaps showed traders now see a roughly 70% chance of a quarter-point rate cut by September, compared with a probability of about 90% on Thursday. The amount of easing priced in for the year declined to about 43 basis points, fewer than two quarter-point cuts. Here's your markets wrap.