LISBON PORTUGAL It is in the sights of Rich people from all over the world

High-net-worth individuals looking for the next big thing should check out Portugal. Its capital, Lisbon, has “long been considered one of the most beautiful cities in Europe

“It’s underrated and not expensive in terms of property.”

Astute investors can find plenty of decent options for about $500,000 (U.S.), says Cody Shirk, the California-based founder of Codyshirk.com, who writes about and invests in foreign real estate.

Better value can be found along its coast, where “you can easily buy an apartment for $200,000.”

Another draw for Portugal is the ability for foreign buyers to gain EU residency through the country’s Golden Visa program. Foreigners buying property worth at least 500,000 euros can live and work in the country and, perhaps more importantly, travel freely throughout the Schengen zone (26 European countries) without a visa.