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Thread: Eurocrisis in South European angle

  1. #121

    Default Re: Eurocrisis in South European angle

    Hm, the real estate growth is actually mostly private. One of the reasons is this:
    http://goldenvisa-portugal.com/FAQ.html

    which is confirmed by this:
    https://tradingeconomics.com/portuga...ownership-rate

    Buyers are mostly foreigners, home ownership among the Portuguese isn't really moving.

    Government fixing infrastracture certainly helps.

    If this turns out to be a bubble, it shouldn't burst before 5-6 years, and even then, I read somewhere mostly German and Dutch banks are financing it, they are the ones that will have major imbalances in accounting.

    Portugal, depends: ideally you should achieve government surpluses years before the bubble bursts. If you do and the bubble bursts, you find yourself flat or slightly in deficit but noone will care. If you run deficits until the bubble bursts however, it'll be 2008-9 all over again.
    Last edited by Basil II the B.S; May 28, 2017 at 02:30 PM.

  2. #122

    Default Re: Eurocrisis in South European angle

    The golden visa thing is mostly over stated, from what i seen. It was a nice boost, but it was in 2015.

    in the folowing year, and this year, there arent as manny Golden visa being sold, due to restrictions, over some corruption scandall, ( with the previous goverment... go wonder...)

    Their numbers alone doesnt explain it tough.


    At anycase there is practicaly no public investment happening right now. Specialy on Construction.
    ( yes there were some remodling in Lisbon, but large scale construction or a spree, it just isnt happening.)


    Meanwhile i read Madonna is looking for House in downtown Lisbon, and she is fighting with Phill Collins for the house...

    lol no ideia if Visagold is involved.
    Last edited by Knight of Heaven; May 30, 2017 at 09:46 AM.

  3. #123

    Default Re: Eurocrisis in South European angle

    Clearly yes, it's for non-EU investors and gives benefits to them.

  4. #124

    Default Re: Eurocrisis in South European angle

    Quote Originally Posted by Knight of Heaven View Post
    The golden visa thing is mostly over stated, from what i seen. It was a nice boost, but it was in 2015.

    in the folowing year, and this year, there arent as manny Golden visa being sold, due to restrictions, over some corruption scandall, ( with the previous goverment... go wonder...)
    Exactly.
    Exportações portuguesas aumentam 23,9% em março – O Jornal ...
    --
    The rate of change of goods exported,
    Spoiler Alert, click show to read: 


    Il y a quelque chose de pire que d'avoir une âme perverse. C’est d'avoir une âme habituée
    Charles Péguy

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