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Alfama

A young woman takes a picture of Lisbon's Alfama neighborhood from a viewpoint above it at sunset Saturday, Aug. 15, 2015.

Portugal’s golden visa program sparked an investment boom. But locals say they’re getting priced out.

Business, Economics and Jobs

Over the last decade, Portugal has issued more than 10,000 golden visas to foreign investors in exchange for $6 billion in investments. But some say the visa program prices out locals and that Lisbon’s historic neighborhoods are “losing the magic.”

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