realestate

Global real estate redefines its territorial landscape

Governments worldwide tighten housing terms, but it's a recalibration, not a shutdown.

T
he global real estate landscape is undergoing a significant shift, driven by concerns over housing affordability and geopolitics. Governments worldwide are reevaluating their policies on foreign property ownership, leading to a more considered era of global mobility through real estate.

    Real estate-linked visa schemes are being tightened or revamped in various countries. Spain has ended its golden visa scheme, while Portugal has reshaped its program to focus on innovation, job creation, and cultural funding. Despite these changes, interest from high net worth investors remains strong, with many exploring alternative routes such as fund-based investments.

    In Greece, the Golden Visa program remains active but with increased complexity and higher thresholds. Demand for the program remains strong, particularly among clients seeking EU access for family and education purposes. The US has also implemented stricter regulations on foreign property ownership, including a 25% federal surcharge on foreign purchases over $2m.

    These changes are driven by concerns over housing affordability and the need to prioritize local residents. However, they may have unintended consequences, such as slower development timelines and tighter housing supply in some markets. Global investors may now hesitate, leading to a ripple effect that could impact local economies.

    The shift towards more complex visa routes may also create a "hidden tax" on global mobility, making it more difficult for wealthy individuals to pursue residency or citizenship through real estate investments. Nevertheless, not all doors are closing, and some countries continue to offer property investment pathways with certain conditions.

    For the global mobile investor or homeowner, this means planning smarter, staying informed about evolving regulations, and adjusting expectations. The post-golden era is not an iron gate but a revolving door, requiring a more nuanced approach to navigating the changing landscape of global real estate.

Global real estate market transforms, reshaping urban landscapes worldwide.