Yes, Portugal has a relatively open and straightforward real estate system and regulatory process.
Foreigners can invest in real estate without any restrictions, and the property can be used as the investor’s own home, vacation home, or as a rental for generating passive income.
However, real estate investment is not an option for the Portugal Golden Visa and simply by investing in property – alone – an investor will not automatically acquire residency or the right to live in the property beyond the standard 90-day entry rules.