As globalization continues to shape real estate markets, many countries are reforming their foreign ownership laws to attract international investors. While some nations still impose restrictions, others are opening their doors wider, offering incentives and easier processes for foreign property buyers. This article explores key countries that have recently eased regulations and how these changes impact global real estate investment.
- United Arab Emirates (UAE)
The UAE, particularly Dubai and Abu Dhabi, has been at the forefront of welcoming foreign property ownership. In recent years, the government has introduced long-term visas and 100% freehold ownership in designated areas.
Key Changes:
Foreign investors can now own property in freehold zones without requiring a local sponsor.
Golden Visas offer long-term residency for real estate investors.
Dubai’s real estate market remains one of the most attractive globally due to its high rental yields and tax-free environment.
- Saudi Arabia
In line with Vision 2030, Saudi Arabia is making strides in attracting foreign investment, including real estate. The country recently lifted several restrictions on foreign ownership.
Key Changes:
Foreigners can now buy property in certain areas, including Riyadh and Jeddah.
The introduction of Special Economic Zones (SEZs) allows full foreign ownership.
The NEOM mega-project offers incentives for global investors looking to invest in futuristic smart cities.
- Thailand
Thailand has traditionally limited foreign ownership in property, but recent proposals aim to make it easier for international investors.
Key Changes:
The government is considering allowing foreigners to fully own land for residential purposes in select areas.
Existing laws permit 49% foreign ownership in condominiums, but reforms could expand opportunities.
New visa programs encourage wealthy expats and retirees to invest in real estate.
- Portugal
Portugal has long been a favorite for foreign investors, especially through its Golden Visa program, which has undergone modifications in recent years.
Key Changes:
Investment in property no longer qualifies for the Golden Visa in major cities like Lisbon and Porto but remains valid in less-developed areas.
The demand for properties in Portugal’s interior and islands has surged due to these new rules.
Foreign buyers continue to benefit from Portugal’s tax incentives and residency privileges.
- Canada
While Canada has been a popular destination for real estate investment, it recently introduced some restrictions to curb speculation and housing affordability issues.
Key Changes:
A two-year ban on foreign home purchases was introduced in 2023 to cool the housing market.
Exemptions exist for certain visa holders, permanent residents, and essential workers.
Despite these restrictions, major cities like Toronto and Vancouver remain top destinations for international investors.
- Vietnam
Vietnam’s property market is gaining traction among foreign investors, thanks to government reforms that have made it easier to own real estate.
Key Changes:
Foreigners can own up to 30% of a condominium project.
Leasehold agreements allow ownership for up to 50 years, with the possibility of renewal.
Rapid urbanization and economic growth make Vietnam a promising market for investment.
- Greece
Greece has positioned itself as a prime investment destination through its Golden Visa program and affordable real estate prices.
Key Changes:
Foreign investors can obtain residency by purchasing property worth at least €250,000 (rising to €500,000 in some areas).
Demand for Greek properties has surged due to the program’s benefits and attractive coastal locations.
Continued government support makes Greece one of Europe’s most accessible real estate markets.
As more countries ease foreign ownership restrictions, investors have increasing opportunities to diversify their real estate portfolios globally. While some nations introduce incentives, others implement limitations to balance affordability and speculation. Understanding these evolving laws is crucial for making informed investment decisions. Whether seeking residency, rental income, or long-term appreciation, the changing landscape of foreign ownership laws presents both challenges and opportunities for global investors.
