Cross-border property investors ramped up to or surpassed the pre-COVID-19 level of activity in most countries by the end of 2021.
There is an unusual situation in the Athens property market where investment flats are more profitable for long-term rentals than short-term ones. Here is why.
In September 2021, a new migration law 4825/2021 came into force in Greece, which for the first time introduced the legal concept of a digital nomad. According to the law, Greece grants a national visa for 12 months to citizens who work independently or to employees who work remotely with employers and clients outside Greece. With the Digital Nomad Visa, it is possible to obtain a temporary residence permit for Greece.
For Russians, Canada and the US are the top destinations to immigrate to in 2021. At the same time, Russian citizens would prefer to own real estate in Turkey or Spain and to retire in Germany
In 2019, the government of Montenegro launched a citizenship by investment programme in order to increase the economic activity of foreign investors. The programme was intended to last 3 years and already closes this year. Foreigners have time to apply until December 31 but we advise you to do it as soon as you can.
Closed borders and lockdowns have made it nearly impossible to buy and sell international real estate as before the coronavirus pandemic. Nevertheless, the sales team of real estate brokerage Tranio found a way to fulfil their plan and carry out cross-border real estate transactions remotely.
Although the pandemic has curtailed real estate transactions in Greece, buyer interest in the country has not diminished.
In 2021, Alex and his family bought three apartments in Athens and applied for residence permits in Greece. Due to the pandemic, the entire purchase process took place remotely, and the Greece borders opened just in time for Alex and his family to travel to Athens to apply for a residence permit. Alex can now travel around the world visa-free and plans to spend his time at the seaside after retirement.
For travelers, food can make or break a city; the more culinary options there are in a city, the more enticing a destination it will be among tourists and expats. Toward this end, a team of analysts at international real estate brokerage Tranio have conducted a survey on food outlet penetration across major European cities, taking into account the housing prices and quality-of-life rankings.
A foreign entrepreneur that starts up an innovative business with a projected value of assets or annual turnover of at least €325,000 to be reached in five years gets a residence permit in Portugal.
A work visa for Portugal unlocks the route to obtaining a residence permit. A prerequisite for it is a valid contract with a Portuguese company.
A foreigner residing for five years in Portugal may make an application to obtain a Portuguese passport. Portugal offers one of the fastest tracks to naturalisation in the EU.
Despite the turbulence experienced by global markets in 2020, we have continued to flourish. In fact, faced with such pandemic-era obstacles as border closures, we quickly adapted and mastered the art of closing deals remotely, all while expanding our partner networks in Greece, Spain, Germany, the United States and other countries.
Portugal Golden Visa is a state residence by investment program. This immigration program started in Portugal in 2012 and is considered one of the best in the world according to various ratings. It is an opportunity for foreign investors to travel without a visa across the Schengen Area and a short path to EU citizenship in just 5 years.
Portugal is one of the most affordable countries to move to in Europe. Portugal imposes minimum requirements for obtaining a residence permit, and the local authorities are favourably disposed to attracting expatriates.