30 UGLOBAL IMMIGRATION MAGAZINE
been a popular investment destination . However , the influx of foreign investors into the local real estate market drove up residential property prices in Lisbon by around 50 % over a decade , leading to a supply-demand imbalance and increasing market uncertainty . It directly impacted the rising housing costs for local citizens and negatively impacted overall economic stability .
In response , the Portuguese government adjusted its immigration policy , halting the golden visa ’ s property-based investment immigration option in areas like Lisbon . The intention was to alleviate excessive congestion and resource pressure in major cities while , at the same time , allowing investors to still be eligible for the golden visa application . The market ’ s feedback played a significant role in driving the Portuguese government to continuously adjust its immigration policies while ensuring that the core principle of mutual benefits is upheld .
“ Nonetheless , shared ownership allows individuals to invest in high-value properties or desirable locations that would otherwise be financially out of reach .
”
The case of Portugal ’ s golden visa program is instructive for the investment immigration industry . Restricting property investment to specific regions was just one aspect of the ongoing transformation .
Despite the shift in investment destinations , the change ’ s negative effects on housing market supply-demand dynamics and price increases are only a matter of time . But rather than waiting passively on the old path , changing tracks is a long-term strategy .
RISING OPPORTUNITY FOR SHARED OWNERSHIP IN PORTUGUESE GOLDEN VISA
Subsequently , a form of shared ownership investment for hotels has emerged . As a novel alternative in residential property investment , it ’ s a more sustainable and secure option for foreign investors in Portugal .
The impact of commercial hotel operations on the livelihood of local citizens is relatively low . What ’ s more , for a country with a highly developed tourism industry , developing the hotel industry in Portugal is crucial . Thus , hotel investment would be a win-win situation for investors , developers , the government , and other stakeholders .
Yet , residency by investment investors prefer obtaining immigration status over making profitable investments . Although some could have enough financial stability , it is unlikely that they would willingly take on such substantial financial security risks . After all , they have a better alternative : investing in a portion of the hotel .
Nonetheless , shared ownership allows individuals to invest in high-value properties or desirable locations that would otherwise be financially out of reach . This form of investment diversifies capital injection and responsibility , making it a particularly economically viable option .
While investors contribute collectively and share costs , each remains independent during the immigration application process . After investing in their respective share and obtaining shared ownership certificates , they can proceed with the immigration application without being influenced by other co-owners .
WHAT IS SHARED OWNERSHIP AND ITS PRESENCE IN PORTUGAL
What is shared ownership , and how does this type of investment in hotels benefit applicants in investment