The expansion of today’s world has led to the expansion of businesses, trades, and people’s choice areas for travel, education, treatment and investment. This has caused people to seek to travel to different countries to gain new experiences or improve their business in various cases such as education or earning. The continent of Europe as one of the best and most beautiful continents in the world, with a large number of countries with scientific economies, high levels of education and treatment, many tourist attractions and more job opportunities, today is known as one of the most popular major destinations for people from all over the world. will be For this reason, nowadays, many people who intend to obtain European residency choose to invest in buying property among all the available ways.
Buying a property in Europe can be a safe way to invest and at the same time give you the opportunity to live in a new environment. Today, in this article, we are going to examine the issue of obtaining European residency by investing in property purchase. So if you are also eager to get more information in this regard, don’t miss this article and follow us till the end.
Buying property in Europe
We said that there are different ways to obtain European residence. Methods such as finding a job, studying in Europe, financial resources, investing in buying property, depositing in a bank, etc. Our main issue is obtaining European residence by buying property. In general, in the green continent, people can pay between 250,000 euros and 500,000 euros to own a stylish house and receive European residency. Staying in Europe can provide you with benefits such as getting a Schengen visa, more job and investment opportunities, education and health and professional, etc. In addition, by buying a property in Europe, you can experience living in countries with favorable weather and tourist attractions and enjoy your life. In addition, many people rent out the purchased property to earn foreign exchange income.
These are just some of the benefits of buying property in Europe. Stay with us to explore this topic more and more.
Advantages of obtaining European residency by buying property
Let’s take a closer look at the benefits of buying property in the Green Continent. Stay with us.
Certainly, in countries that do not have high economic stability, keeping capital in cash can cause financial losses for people. For this reason, people are always looking for ways to make a safe investment. By buying real estate in Europe, capitalists can rest assured that they have kept their capital in a safe place with high economic stability.
A program created by the government of some European countries allows investors to obtain residence in the destination country by purchasing a property with an approved amount in this country. In addition, in case of buying a property in Schengen countries, people can get a Schengen visa to easily move between 26 European countries.
One of the positive features of the European continent is the high level of education and treatment in this continent. This has caused many people to go to this continent to continue their studies in European countries. Also, the high level of treatment centers is a good reason for many people to continue their treatment process in European countries.
European countries have always received a huge flood of tourists from all over the world due to having many tourist attractions such as historical and ancient monuments, natural and green landscapes, diverse rivers and seas, and beautiful mountains. Now people can take advantage of all these good features by buying property in Europe.
In which countries is it possible to get European residency by buying property?
Today, a number of European countries, thanks to the programs written by the government of these countries, give this opportunity to the applicants to immigrate to Europe so that they can achieve their goals by buying property. In general, the countries of Greece, Portugal, Spain, Hungary, South Cyprus, Malta and Turkey have made it possible to obtain residence through investment in the purchase of property. Stay with us to provide you with more information about these countries.
Greece
As the gateway to European civilization, Greece has become one of the best tourist and investment destinations in Europe today. Currently, people applying for Greek residency can obtain Greek residency by purchasing one or more properties whose total value reaches 250,000 euros. This allows people to obtain Greek residency for 5 years and after applying to extend it indefinitely and obtain permanent Greek residency. Also, in Greece, there is no need for people to be present in the property, and many house owners can earn a good foreign exchange income by renting out their house. It is worth mentioning that by obtaining a residence in Greece, you will be able to obtain a Schengen visa and have the opportunity to travel freely to countries such as Germany, France, Spain, Italy, Portugal, Switzerland, etc.
A point that many people are not aware of is that people who purchase property and obtain Greek residency can also obtain this residency for their family. In other words, spouses and children under 21 years of age are also eligible for this visa. Finally, we must say that after 7 years of legal residence in Greece, you can be considered as a citizen of this country.
Our main activity Nobility Immigration Institute is in the field of consulting for obtaining Greek residency by property purchase. You can contact us for more information and free consultation.
Portugal
But let’s turn to Portugal, a beautiful and happy country in the southern regions of Europe, which, with its Mediterranean climate and numerous beautiful beaches, can bring good moments to its residents. Portugal is another European country that has made it possible to obtain residence through the purchase of property. The amount that must be paid to buy a property in Portugal is a little different from other countries and has a series of terms and conditions that we mention below:
Buying a property for 280,000 euros in low-density urban areas.
350,000 euros to 500,000 euros in old renovated and high-density areas of the city.
In this way, people can get a Portuguese residence card and use the Schengen visa at the same time. As in Greece, after buying in Portugal, only 7 days of living in this country are needed for your stay to be valid. Also, after 5 years and in compliance with the mentioned conditions and rules, the Portuguese government considers you worthy of receiving a citizenship card of this country.
Spain
Another country that has a lot of applicants in the field of obtaining residence through the purchase of property is Spain. According to the law approved by the Spanish government, people who intend to obtain Spanish residence can obtain a Spanish residence card by purchasing a property worth 500,000 euros and maintaining it for 5 years, and through it they can be allowed to work in Spain or registration and execution of a commercial company. It is worth noting that people who buy property in Spain, their spouses and dependent children under the age of 26 are also granted this residence so that they can live together in Spain. Finally, it is necessary to say that in order to be more valid for this residence card, people are required to stay in Spain for at least half of the year.
Hungary
Hungary is one of the countries where the conditions for obtaining residence through the purchase of property are a little more difficult and expensive. First of all, we must say that Hungary is known as one of the best countries in the European Union, and for this reason, we are witnessing an unprecedented increase in applicants to obtain residency in this country. In order to obtain Hungarian residency by purchasing a property, people must purchase a property worth at least 500,000 euros in order to qualify for residency in this country. But only by paying this fee, people will not be able to obtain Hungarian residency.
For this purpose, applicants must provide various documents such as a certificate of no bad record, a certificate of financial ability to easily pay their own and family’s living expenses, as well as a certificate of passing the interview with the Hungarian embassy officer in order to succeed in staying in this beautiful European country.
Turkey
This country is one of the most touristic countries in the world, which is also very popular among Iranians. Turkey is one of Iran’s neighbors, which has been able to welcome millions of tourists from all over the world with special attention to its tourism and urban infrastructure. But is it possible to obtain Turkish residence by buying a property in this country? In response, we must say that yes, it is possible to obtain Turkish residence by buying a property worth 400 thousand dollars in this country, but considering that the passport of this country does not have much power for easy travel to Europe and America, people who buy property They don’t do it in this country and refer to alternative countries and countries in the Schengen area such as Greece, Spain or Portugal.
Southern Cyprus
South Cyprus is another European country that has managed to attract many immigrants by selling property. To buy a property in this European country, people must first buy an apartment or villa worth 300 thousand euros. After the property is purchased, Cyprus residency is offered to individuals but subject to a series of terms and conditions that include the following:
This residence is granted for two years and can be renewed every two years, but during these 2 years people are not allowed to work in South Cyprus.
The applicant must freeze the amount of 30,000 euros for 3 years and prove that he has the ability to earn such income annually. Also, five thousand euros will be added to this amount for each companion. This additional amount increases to 8 thousand euros for people who want to accompany their dependent father or mother.
Malta
Malta is one of the European countries of the Schengen area, which provides the possibility of providing residence through the purchase of property in this country, but it is known as one of the most expensive countries in this field. Based on this, applicants for Maltese residency must first purchase a property worth 700,000 euros in this country. This allows people to bring their spouse, children under 29 and parents over 55 with them. But it is interesting to know that in order to complete the procedures of residence in Malta, the applicant must pay 600-700 thousand euros to the National Development Fund of Malta and in addition, donate at least 10 thousand euros to a cultural, sports and non-governmental organization in Malta. in order to be able to obtain Maltese residency.
With these interpretations, buying property in Malta does not seem very logical and it is better for applicants to do it in countries like Greece, Spain and Portugal.
Residence in France, Germany and England by buying property
The countries of France, Germany and England are three of the best European countries that have attracted many enthusiasts due to the creation of many job opportunities and a strong economy. But is it possible to get residence in these countries by buying property? The answer is negative. Buying property in France, Germany and England cannot have a great impact on the success of people in obtaining residency in these countries. Buying property in the three mentioned countries can increase people’s loyalty to the destination country and has only a small effect on obtaining residency in these countries. As a result, if you are looking for residence in France, Germany and England, buying property in these countries is not recommended.
As you have seen, in this article, we introduced the top European countries for buying property and obtaining residence. Investing in the Green Continent can be a safe way to preserve and expand capital due to its countries having a strong economy. While thanking you dear ones for accompanying us in this article, we hope that the presented content was useful. Nobility Immigration Institute, with expertise in the field of Greek residency counseling by investing in property purchase, is ready to receive your calls and provide the necessary advice and guidance to the esteemed applicants. You can contact us for more information and free consultation.