Medina suggests that the "price" of gold visas varies according to the region of the country

The process of granting and the price of gold visas - currently set at € 500,000 - should be revised to find "a formula that allows them to be modulated" according to the different national territories, suggests Fernando Medina, of Lisbon, in declarations to the "Jornal de Negócios" this Tuesday. In an interview with Expresso in early September, the mayor of the capital had already said that it made sense to rethink the gold visas, but had not implemented any strategy for that.

Lisbon is the municipality most affected, at national level, by the demand for gold visas; these have contributed in recent years to a significant increase in rents in the capital and have also been pointed out as one of the reasons for real estate market prices to have skyrocketed, particularly in the historic city center.

"The gold visas instrument was created when the country lived in a particular economic cycle" and, in the concrete case of the capital, "played an important role from the point of view of attracting investment", but is now contributing to the rise in prices, says Fernando Medina.

"It is important to find a formula that allows the instrument to be modulated to the territories", since the different zones of the country have "different needs of development and of investment", it points out.