Portugal to Stop 'Golden Visas' and New Airbnbs

Level 2 Level 3
İngilizce Öğren LingoVivo News

Portugal is making new rules to help people find homes to rent or buy. The government is stopping new licenses for short-term rentals, like Airbnb, in busy areas. The "golden visa" program is also ending. This program allowed people from outside Europe to live in Portugal for five years if they invested a lot of money in the country, like buying property. Since 2012, over $7 billion has been invested, but it also made housing prices go up, so many local people couldn't afford to buy or rent homes. The cost of property in Portugal went up by almost 19% in one year, the biggest increase in over 30 years. The government will also rent empty homes from owners and put them on the rental market.


1- What is the purpose of the new rules in Portugal, according to the passage?

2- What is the "golden visa" program, as mentioned in the passage?

3- What will the government do with empty homes, according to the passage?


You have completed the comprehension questions. 

Parts of this lesson are based on: An article Engoo Daily News.