Golden visas singe hasty investors
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