Golden visas singe hasty in­vestors

China Daily (Canada) - - FRONT PAGE -

other EU coun­tries with sim­i­lar in­vestor pro­grams and it doesn’t seem wise to give up this pro­gram to the ben­e­fit of oth­ers.”

Keep­ing the pro­gram go­ing will mean con­vinc­ing po­ten­tial prop­erty buy­ers that they won’t meet the fate of Hua Guip­ing.

Hua, 47, flewfrom Shang­hai to Lis­bon in 2013. In less than a week af­ter her ar­rival, she agreed to buy a home for 500,000 eu­ros be­fore mov­ing to Por­tu­gal with her hus­band and daugh­ter.

Brack­eted by an in­ter­preter on one side and a real es­tate agent on the other, Hua vis­ited dozens of homes in two days be­fore agree­ing to buy a house at the Arra­bida Re­sort and Golf Academy, about 40 kilo­me­ters south of Lis­bon.

“While none of the houses that I vis­ited pleased me, the seller in­sisted the price was very low and that in two years it would rise to 1 mil­lion eu­ros,” Hua said in an e-mailed state­ment. “I agreed to buy the house and re­turned to China feel­ing happy be­cause I thought I had made an ex­cel­lent deal.”

A few months later, while brows­ing the In­ter­net, Hua learned that some of the homes in the same re­sort were

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