How Portugal's Nomad Visa Fueled its Housing Crisis

Portugal, once a haven of affordable living and vibrant culture, is now at the brink of a housing crisis. Skyrocketing rents, stagnant wages, and a wave of high-earning digital nomads have locked locals out of their own homes. How did a program meant to attract global talent turn into a disaster for Portugal’s people?

Discover in this video how the Nomad Visa reshaped Portugal’s housing market—and what it means for the country’s future.

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[muumin]

I live in Portugal. The quality of the houses is so low everywhere that people with money will not be interested in most of them. You can't blame the "rich foreigners" for the lack of "affordable homes" because they occupy just a small % of what's on the market

[willyvlaar]

A citizin in Portugal:
"Is this the day I leave or stay"
for better prospects.
Watch this video for information.
It is terrible.

[kulturfreund]

1:43 -
"Landlords were struggling to keep prices steady." ? - Never saw landlords having this struggle.

"They had to rise the rents to keep up with the demand“ ?

I thought one has to increase supply, not rents, to keep up with increasing demand.

[MrRobcher]

Its since 2021 that the situation soared to a point of non return as the new and old government made it easy for some rich foreigner to come and not pay taxes or pay very few while the national minimum salary is at rock bottom as the big companies lobby the government to not put scandinavian salaries as then they would move to morocco, serbia or albania and leave milions depending on unemployment. I was forced to leave lisbon back in 2023 as there was no normal room less than 400 as even with 1200 it would be criminal to pay a room 500 or more if then you are left with little to no money at the end of the month

[rafaellourenco]

im from portugal, nomads arent the only problem. It´s a lot of immigration and overdependence on tourism, that brings jobs with low salaries.

[kasiarybak]

It's all over the world, not only in Portugal, and the reason is not digital nomads but banks.

Richer countries blame immigrants, poorer digital nomads, nonsense.

[facundoibarra]

Good vid, thought the channel would have tens of thousands of subs