Foreigners and residents in Portugal are no longer allowed to purchase homes and use them as Airbnbs in the country. In a series of laws passed, the government has limited the number of these hotel-like places in their country.
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This decision came after an influx of foreigners decided to purchase expensive homes and turned them into these kinds of establishments, which lead to the country’s housing market rising up and managing to drive away the local population. “The great appeal of our cities is not to turn [us] into some sort of Disneyland,” Prime Minister Antonio Costa, said at a press conference. “There is no city that can remain authentic if it isn’t able to maintain its residents.”
Aside from limiting the Airbnbs in Portugal, the country will also no longer hand out “Golden Visas,” which are passes that allow people to have an easier and streamlined process to become residents of Portugal as long as they promise to invest in the country.
Image credit: Carlos Machado
Source: neatorama