Yet, according to the National Farmers' Union, 16 million — yes 16 million — of our apples will rot in the orchards this year because there are not enough workers to gather them. That is enough fruit to provide 44,000 children with their proverbial 'apple a day' for a year.
'If we had enough workers to pick all our fruit, you would have found our blueberries in Monmouth M&S, not Peruvian ones, because we supply the company and they are generally very supportive of British suppliers,' the 38-year-old farmer told me worriedly.
But Nuri Katz of advisory firm Apex Capital Partners said excluding real estate investments would make Portugal less attractive to investors, who would turn to other countries' golden visa schemes. Neighbouring Spain is among those that still allow property investments.
LISBON, Jan 9 (Reuters) - Buying property in Portugal is no longer a route to a "golden visa" giving residency rights but foreigners who want to secure one can still put their money into investment funds, which now anticipate a boom in inflows.
Although 1.3 million people in Britain are officially out of work, and a recent study by the Organisation for Economic Co-operation and Development suggested the true figure could be more than three times higher, the welfare benefits system may also deter people from taking seasonal work, he suggests.
By the early 2000s, however, casual farm labour had changed radically. As one Romanian farmworker told me last week, pickers can walk 20km in an eight-hour shift, after which their backs ache from constant stooping.
Jim Davidson, a Pela Terra investor from the United States, said real estate was still an option when he started the golden visa process but that he had been aware of growing negative sentiment toward the scheme. He said Pela Terra was more aligned with his values and ethics.
Although there is no official data yet, three lawyers specialising in golden visas told Reuters they expected funds to soon represent 80-90% of all such investments. But with property closed off, some said less money was likely to make its way to Portugal overall.
Four welfare officers are employed to handle their daily concerns. In the event you adored this information along with you want to receive more info concerning portugal golden visa program kindly go to our own page. Unfortunately, however, for many Romanians and Bulgarians, these perks are no longer proving sufficiently attractive to lure them away for several months of the year.
Meanwhile, in Sussex, 150 tonnes of lettuce have had to remain uncut in the past few weeks and during the summer eight tonnes of Class One Scottish strawberries went unpicked. Pictured: Family-owned fruit farm Cobrey Farms in Herefordshire
Portuguese stock market regulator CMVM, which certifies funds, said it could not provide a list of those eligible for golden visa investments. Lima estimated there were around 40, although some may not still be open for investment.
It has led to the arrival of 1,250 students from university agriculture courses in Russia, Moldova and Ukraine, to be followed by others, from Georgia, Belarus and Barbados. However, the farmers I spoke to dismiss this gesture as a 'drop in the ocean'.
'I don't want to accuse them of being a generation of lazy people. I don't think that's true. [But] if you are in a settled situation, you are probably not going to risk losing your benefits for a couple of weeks on an asparagus farm.'
Prime Legal's Lima believes more funds will be created now that real estate is no longer an option - and that some existing funds will reorient themselves away from property - and that donations towards cultural projects will become more popular.
Contributing at least 250,000 euros to cultural projects or 500,000 euros to scientific research - or generating 10 jobs - can also help secure a golden visa. Applicants must allow criminal records checks and show they have no outstanding debts.
The Portuguese government has tightened the rules after initially saying in February 2023 that it would scrap the golden visa scheme, which has been blamed for exacerbating a housing crisis. It had already sought to redirect property investments from big cities to depopulated areas.
Lawyers and advisory firms have long complained the golden visa process is slow and bureaucratic, and some wanted more clarity about the new rules, which bar both direct and indirect real estate investments.
"We've already had (application) withdrawals because of legislative instability and the lack of certainty," Martins said. "(Others) prefer to invest now and start the process rather than wait for a change a new government might make." ($1 = 0.9111 euros)
The scheme, which offers wealthy non-EU nationals who invest in Portugal the right to live in the country, has attracted 7.3 billion euros ($8 billion) of funds since its 2012 launch. Most participants are from China, Brazil and the United States.
To allow them to gain temporary work visas, the Government would need to reinstate the Seasonal Agricultural Workers Scheme — axed, many will say with ill-thought haste, in 2013, by then Home Secretary Theresa May.
'If we had enough workers to pick all our fruit, you would have found our blueberries in Monmouth M&S, not Peruvian ones, because we supply the company and they are generally very supportive of British suppliers,' the 38-year-old farmer told me worriedly.
But Nuri Katz of advisory firm Apex Capital Partners said excluding real estate investments would make Portugal less attractive to investors, who would turn to other countries' golden visa schemes. Neighbouring Spain is among those that still allow property investments.
LISBON, Jan 9 (Reuters) - Buying property in Portugal is no longer a route to a "golden visa" giving residency rights but foreigners who want to secure one can still put their money into investment funds, which now anticipate a boom in inflows.
Although 1.3 million people in Britain are officially out of work, and a recent study by the Organisation for Economic Co-operation and Development suggested the true figure could be more than three times higher, the welfare benefits system may also deter people from taking seasonal work, he suggests.
By the early 2000s, however, casual farm labour had changed radically. As one Romanian farmworker told me last week, pickers can walk 20km in an eight-hour shift, after which their backs ache from constant stooping.
Jim Davidson, a Pela Terra investor from the United States, said real estate was still an option when he started the golden visa process but that he had been aware of growing negative sentiment toward the scheme. He said Pela Terra was more aligned with his values and ethics.
Although there is no official data yet, three lawyers specialising in golden visas told Reuters they expected funds to soon represent 80-90% of all such investments. But with property closed off, some said less money was likely to make its way to Portugal overall.
Four welfare officers are employed to handle their daily concerns. In the event you adored this information along with you want to receive more info concerning portugal golden visa program kindly go to our own page. Unfortunately, however, for many Romanians and Bulgarians, these perks are no longer proving sufficiently attractive to lure them away for several months of the year.
Meanwhile, in Sussex, 150 tonnes of lettuce have had to remain uncut in the past few weeks and during the summer eight tonnes of Class One Scottish strawberries went unpicked. Pictured: Family-owned fruit farm Cobrey Farms in Herefordshire
Portuguese stock market regulator CMVM, which certifies funds, said it could not provide a list of those eligible for golden visa investments. Lima estimated there were around 40, although some may not still be open for investment.
It has led to the arrival of 1,250 students from university agriculture courses in Russia, Moldova and Ukraine, to be followed by others, from Georgia, Belarus and Barbados. However, the farmers I spoke to dismiss this gesture as a 'drop in the ocean'.
'I don't want to accuse them of being a generation of lazy people. I don't think that's true. [But] if you are in a settled situation, you are probably not going to risk losing your benefits for a couple of weeks on an asparagus farm.'
Prime Legal's Lima believes more funds will be created now that real estate is no longer an option - and that some existing funds will reorient themselves away from property - and that donations towards cultural projects will become more popular.
Contributing at least 250,000 euros to cultural projects or 500,000 euros to scientific research - or generating 10 jobs - can also help secure a golden visa. Applicants must allow criminal records checks and show they have no outstanding debts.
The Portuguese government has tightened the rules after initially saying in February 2023 that it would scrap the golden visa scheme, which has been blamed for exacerbating a housing crisis. It had already sought to redirect property investments from big cities to depopulated areas.
Lawyers and advisory firms have long complained the golden visa process is slow and bureaucratic, and some wanted more clarity about the new rules, which bar both direct and indirect real estate investments.
"We've already had (application) withdrawals because of legislative instability and the lack of certainty," Martins said. "(Others) prefer to invest now and start the process rather than wait for a change a new government might make." ($1 = 0.9111 euros)
The scheme, which offers wealthy non-EU nationals who invest in Portugal the right to live in the country, has attracted 7.3 billion euros ($8 billion) of funds since its 2012 launch. Most participants are from China, Brazil and the United States.
To allow them to gain temporary work visas, the Government would need to reinstate the Seasonal Agricultural Workers Scheme — axed, many will say with ill-thought haste, in 2013, by then Home Secretary Theresa May.
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