Spain, Montenegro, Turkey, Portugal and Greece are ranked in the top five as Europe’s best countries for real estate investments for residency as well as citizenship rights.
Henley and Partners, along with Deep Knowledge Analytics, have introduced an analytical tool called the Best Investment Migration Real Estate Index in order to evaluate investment migration programs that offer real estate investments as an effective means of residency rights and citizenship, TheSchengen.com reports.
Spain ranked second in the index provided by Henley and Partners. The southwestern European country is known for the opportunities it offers to international investors, offering different locations from urban areas to islands.
Another European country, Montenegro, was also ranked among the top five European destinations for real estate investment. The Balkan country ranked third in this index, giving investors the possibility to choose from coastal resorts to new establishments, while also famous for its famous mountain and ski areas in the north.
In fourth place, Turkey is ranked fourth, known for its high scores due to its low volume of investment and residency requirements.
Meanwhile, Portugal shares fifth place with Thailand. The European country is also famous for its real estate market.
Greece is ranked sixth, while the country is very popular for the golden visa program, which attracts a large number of foreigners.
Another European country, Cyprus, is included in the list of countries that offer excellent opportunities for international investors.
Cyprus is placed 8th on the index, while this country is also known for its high points for low investment amount.
As for countries outside Europe, the Emirate of Dubai ranked first as the best region in the world in terms of providing potential rental income, while the price of the property per square meter is lower compared to the most important number of international centers.
Thailand, Grenada, Dominica and Saint Lucia also belong to the top ten destinations for investors interested in real residency investments.
Residency and Citizenship International has noticed an 80 per cent increase in inquiries over the past year.
In this regard, the head of Henley and Partners Group for private clients, Dominic Volek, said that the preventive measures imposed to stop the spread of the virus further, such as closures, entry bans, travel restrictions and remote work, have convinced investors of the benefits of the alternatives. Residence and citizenship.
International real estate has long been a reliable asset class for global investors due to its long-term viability. Real estate-related investment immigration programs have the added benefit of enhancing your global mobility with multiple passports and expanding your personal access rights as a citizen or resident of additional jurisdictions, creating optional in terms of where you and your family can live, work, study, retire and invest.”
He emphasized that potential gains “over the life of the investment include the underlying asset value, rental yields, and global reach as the ultimate hedge against regional and global volatility.”
European countries such as Spain, Greece, Portugal and Bulgaria are famous for their golden visa schemes, which provide great opportunities for foreigners. However, such schemes are often criticized for being involved in illegal affairs. The EU Commission has consistently called on the authorities of countries operating such schemes to abolish them as soon as possible.