Portugal's parliament has reapproved the More Housing bill, after its president rejected the proposal, paving the way for the end of the golden visa real estate by investment scheme in the country.
According to a report in Portugal News on 24 September, the opposition parties presented more than 320 amendment proposals for voting in the plenary, all of which were rejected by the socialist deputies, accompanied, depending on the case, by other parliamentary groups.
In July, Portugal's government had approved new changes to bill, including the abolition of new residence permits for investment in housing and option to transfer at least €1.5m into a Portuguese bank account.
But the bill needed the approval of the president of Portugal, Marcelo Rebelo de Sousa, who had 20 days to decide on the issue.
In August, the president rejected the proposal, meaning that it needed to go under amendments in Parliament before it could be passed, but the bill has now passed without any changes.
