UGLOBAL . COM
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WHY IS SHARED OWNERSHIP THE FUTURE OF PROPERTY INVESTMENT IN IMMIGRATION ?
BY AILEEN ZHAO
The end of Portugal ' s golden visa real estate option has made hotel-shared ownership a more attractive investment option .
Portugal ’ s golden visa program ( a residency by investment program ) is an immigration plan that allows non-European Union ( EU ) citizens to obtain Portuguese residency through purchasing properties or other forms of investment .
Since 2023 , it is no longer possible to acquire the golden visa through property investment in major urban centers , particularly in the Lisbon and Porto regions . The eligible property investment areas have been restricted to inland regions and the Azores and Madeira autonomous regions .
In essence , this change marks the end of the property-based investment immigration policy for the golden visa in the main cities of Portugal . However , this new development could also create an opportunity for foreign investors interested in obtaining a second residency in this European country through shared ownership investments .
WHY PORTUGAL ENDED THE REAL-ESTATE OPTION IN ITS GOLDEN VISA
The adjustment reflects the Portuguese government ' s effort to balance the interests of its citizens , residency-driven overseas investors , local developers , etc .
With a 280,000-euro investment in Portuguese real estate to leverage a high-value EU residency , Lisbon had long