For many people around the world, obtaining a European Golden Visa is a dream come true. It offers the opportunity to live, work, and travel freely within the Schengen Zone. In some cases, it can lead to permanent residency or even citizenship in a European country. While various investment options exist to secure this coveted visa, real estate investment consistently stands out as the best option. In fact, according to IMARC Group, a leading market research company, the European real estate market is projected to exhibit a growth rate (CAGR) of 4.20% during 2023-2028.
Stability and Security
One of the primary reasons real estate investment is the preferred choice for a European Golden Visa is its stability and security. European countries are known for their robust legal systems, property rights, and well-established real estate markets. Investing in real estate provides a tangible asset, which often appreciates over time, reducing the risks associated with other investment options.
Capital Appreciation
Investing in real estate, particularly in major European cities, provides an opportunity for capital appreciation. European real estate markets have a history of steady growth, making them a solid long-term investment. This means that you cannot only secure a European Golden Visa but also potentially see your initial investment grow significantly.
Rental Income
Another attractive aspect of real estate investment is the potential for rental income. Many European countries have a high demand for rental properties, and by purchasing real estate, you can generate a steady stream of income while maintaining eligibility for the Golden Visa.
Diversification of Portfolio
Diversifying your investment portfolio is a crucial strategy for risk mitigation. Real estate provides a valuable addition to a diversified portfolio, especially compared to more volatile investments like stocks or cryptocurrencies. This diversification can provide stability and financial security.
Path to Citizenship
While a European Golden Visa offers the initial right to live and work in a European country, it often serves as a stepping stone to permanent residency or citizenship. Many countries require a minimum period of residence or investment to be eligible for these more permanent status upgrades. Real estate investments typically align with these requirements, making it easier to transition from a Golden Visa to a more permanent immigration status.
Lifestyle and Location
Real estate investment allows you to choose where to live in Europe. Whether you prefer the vibrant culture of Barcelona, the historic charm of Athens or the magnificence of Budapest, your investment can grant you the freedom to reside in your chosen European city.
Family Benefits
Most European Golden Visa programs benefit family members, including spouses and dependent children. Real estate investments often make it easier for the entire family to secure a Golden Visa and enjoy its many advantages.
European Union Access
In some cases, obtaining a Golden Visa can lead to access to the European Union (EU) and its many benefits, such as free trade, education, healthcare and freedom of movement within the EU or Schengen zone. Real estate investments are generally seen as a more secure and attractive option for those aiming to enter the EU.
European Real Estate Gems
Hungary
The property market, particularly in Budapest, has seen remarkable growth, with prices per square meter doubling, tripling, and more in recent years. This trend is projected to continue, especially in areas marked for substantial government-backed infrastructure investments. The Hungarian Government has identified specific regions poised for significant growth, with anticipated increases of 20-30% over the next two years. The Hungarian government recently announced an increase in the minimum investment although not published as a law yet from EUR 135,000 to EUR 250, 000 for its residency program, despite of, Hungary is still an attractive option for those seeking both property ownership and residency in Europe.
Greece
Greece, renowned for its timeless beauty and charm, has not only remained a top tourist destination but is also emerging as a prime choice for real estate investments. This surge in demand is not only attributed to its allure and the Golden Visa program but is substantially bolstered by its robust economic growth.
In 2021, the Greek economy expanded impressively by 8.4%, and this upward trajectory is expected to persist in 2023, with a projected growth of 6%. The government’s National Recovery and Resilience Plan has been instrumental in providing substantial support to the economy.
According to the Bank of Greece, real estate prices surged by a noteworthy 11.32% in 2022 and show no signs of slowing down. Prime Minister Kyriakos Mitsotakis has implemented several strategic measures to further boost the real estate sector. These include suspending VAT payments on new builds until the end of 2024, abolishing real estate taxes, and reducing single property taxes by up to 10%.
Greece’s thriving real estate market offers a promising opportunity for investors looking for both lucrative investments and the Golden Visa program. To obtain residency, a minimum property purchase of EUR 250,000 is required in most areas. However, in key locations like Athens, Thessaloniki, Mykonos, and Santorini, the minimum investment starts at EUR 500,000. This presents an excellent chance to invest in a growing market while also gaining the advantages of the Golden Visa program.
Spain
Spain’s real estate sector celebrated a remarkable year in 2022, and the outlook for 2023 is equally promising. According to the Housing Market report by the Valuation Research Group of Spain, there has been a substantial year-on-year increase of 6.4% in house prices. Certain cities, such as Costa del Sol, are poised for an even more substantial surge, with an impressive 11% predicted growth.
Beyond its booming real estate market, Spain has garnered international acclaim. InterNations, the largest global community for expatriates, has named Spain as the best country in Europe. This recognition further solidifies Spain’s appeal as an ideal destination for living, working, and investing.
Spain’s flourishing property market, coupled with its enviable living conditions, offers an enticing prospect for investors seeking a touch of luxury. Spain’s prestigious Golden Visa program sets the stage for this, with eligibility starting at a property purchase of EUR 500,000. This means that discerning investors can not only benefit from the growth potential of Spain’s real estate market but also enjoy the perks of an attractive residency option. It’s a win-win for those with an eye for both luxury and sound investments.
Investing in real estate provides a compelling pathway to securing a European Golden Visa. It not only offers a solid foundation for a prosperous and secure future but also opens doors to a range of opportunities in Europe. Your European dream is within reach—make it a reality with the power of real estate and get in touch with one of our experts to take the next step.
