Seminários GEE

Residency by Investment programs have become integral to contemporary migration policies, providing a distinct pathway for individuals to acquire a new legal status through financial investment. In this paper, the authors study the extent to which golden visas distort real estate housing markets in Portugal. Using the population of transactions records from 2007 to 2019, they report the (preliminary) results from bunching techniques and difference-in-differences analysis around the 500,000 threshold, the most popular investment type. The authors complement the analysis with the results of a survey to shed light on the public opinion regarding this topic.