Chinese investors are the main force behind real estate investment immigration in Europe. Spain, Portugal, Greece, Italy, and Cyprus have stood out in the context of a sluggish European economy thanks to their "real estate investment immigration" policies.
Spain:
Driven by the "real estate investment immigration" policy, Spain's economy has notably recovered at an astonishing pace, now nearing the levels seen before the economic crisis of 2008. Spain has also become the European country with the highest number of investment immigrants in recent years.
Greece:
In contrast, Greece, with its relatively weaker economy, has implemented the "€250,000 real estate investment immigration" policy, creating the cheapest real estate investment immigration program in Europe. Greece attracts a large number of investors with its unique natural and cultural landscapes as well as its rich historical heritage. Under the influence of the real estate investment immigration policy, Greece's economy is also gradually rising.
Portugal:
Portugal's real estate investment immigration policy is the most similar to that of Spain, but Spain's decision to implement "three-generation immigration" came after observing Portugal's implementation of the same. Before Spain became a more popular country in Europe, Portugal held that position. It currently remains the second-largest immigration country in Europe.
Comparison of the Three Countries:
Both Spain and Portugal have a "€500,000 real estate investment immigration" program, allowing one person to apply for immigration for the entire family across three generations, both granting permanent ownership. Spain's economy is relatively stronger than Portugal's, and property appreciation potential is also greater and faster.
In contrast, Portugal has simpler conditions for obtaining permanent residency compared to Spain: Spain requires a total of 4 years and 2 months of residence within 5 years, while Portugal only requires 7 days of cumulative residence in the first year, and then 14 days of cumulative residence every two years thereafter. Additionally, properties in Portugal can be sold after obtaining permanent residency, whereas in Spain, one must always hold a property worth €500,000. The two options are quite comparable.
Greece's "€250,000 real estate investment immigration" also allows one person to apply for immigration for the entire family across three generations, with permanent ownership of the property. However, Greek immigration allows for direct permanent residency! Moreover, Greece's real estate investment immigration program is the cheapest in Europe.
