Countries Grant Residency When Purchasing a Property

In this blog, we will learn about some of the countries that offer this appealing opportunity to obtain residency when purchasing a property. We will explore the countries that offer this program and highlight the investment and residency requirements in each country. You will also find valuable information about the benefits and advantages that come with this residency, as well as tips on how to make the most of this opportunity.

What are the countries that grant residency when buying a property?

Let's get to know the countries that give residency when buying a property:

First, Turkey

Previously, obtaining a real estate residence permit in Turkey required that the property to be purchased had a price of $75,000 or more in major cities such as Istanbul, Ankara, Izmir, Bursa, Antalya, Gaziantep, Adana, and Mersin, while the property value in smaller Turkish cities needed to be $50,000 or more.

However, a decision was issued on October 16, 2023, which stipulates that the purchase amount required to obtain a real estate residence permit throughout Turkey has been standardized to $200,000.

If a foreign investor wishes to obtain a real estate residence permit in Turkey, a property appraisal report meeting the mentioned minimum threshold must be available to ensure the issuance of the real estate residence permit.

Secondly, Portugal

Portugal is located in southwestern Europe, where it is bordered by Spain to the north and east and the Atlantic Ocean to the south and west, Portugal provides the opportunity for many people to obtain its citizenship through the Golden Visa Program and the Portuguese economy is one of the most diversified economies in the world, based on services, industries and agriculture.

Portugal offers an investment option to individuals who are interested in obtaining citizenship, and they can do so through real estate investment the conditions of the program include that the value of the property is not less than 500,000 euros, or it is possible to invest in a property dating back 30 years to be redeveloped with a value of not less than 350,000 euros, after that, the investor can obtain Portuguese citizenship after 5 years of obtaining permanent residence and it should be noted that the Portuguese passport allows its holder to enter 186 destinations around the world.

Third, Spain

Spain is located in southwestern Europe and is a favorable location to attract global investors and international interest in property ownership in Spain remains quite high, with one in five homes in the country being bought by foreigners.

Spain provides the Real Estate Investment Program, which allows investors to obtain Spanish citizenship through the Golden Visa or Golden Visa programs and investors can apply to immigrate to Spain for a long time through real estate investment, whether by purchasing a property with a value of not less than 500 thousand euros, or by owning a property, and real estate investment is an integral part of Spain's economy.

Fourth, Cyprus

Cyprus is located among the large islands in the Mediterranean Sea, where it ranks third in terms of area, and the island is located on the trade route connecting the continents of Europe, Asia, and Africa.

As for the permanent residency program, it is usually through investing in real estate with a value of not less than 300,000 euros.

Fifth, Malta

Malta is an ideal destination in the Mediterranean.

Its economy relies mainly on tourism and trade, and it has stable systems that make it one of the most economically prosperous countries it is a major attraction for investors, as it provides opportunities to obtain citizenship through a real estate investment of no less than 320,000 euros, or by renting a property with an annual rental value of no less than 16,000 euros and it is worth noting that the Maltese passport allows you to enter 183 countries around the world, as Malta combines enchanting natural beauty with a rich historical heritage, enjoying charming sea views and beautiful sandy beaches.

In addition, Malta hosts a range of high-end restaurants, cafes, and shops and it is a great destination to enjoy the charming Mediterranean atmosphere and enjoy the marine life and unique local culture choosing Malta for real estate investment or living in Malta allows you to enjoy a comfortable lifestyle and obtain the desired Maltese citizenship.

Advantages of obtaining residency when buying a property in Turkey

1. Real estate residence permit allows you to stay in Turkey for a long time and continuously.
2. You get the right to work in Turkey after obtaining a real estate residence permit.
3. Resident family members can study in public and private schools and universities in Turkey.
4. You have the right to access health services in government and private hospitals and clinics.
5. You can travel within Turkey freely without restrictions.
6. You can invest in other real estate in Turkey.
7. You are the legal owner of the property you buy in Turkey.
8. You can sell or rent the property you own to others.
9. Investing in real estate provides a way to protect against the impact of inflation on the value of real estate.
10. You can rent out the property for additional rental income.
11. 11 Property owners have the right to benefit from public services such as water, electricity, and gas.
12. Turkey has a rich cultural and historical heritage that you can explore and enjoy.
13. Turkey is a popular tourist destination for its stunning landscapes and historical monuments.
14. Turkey  enjoys a mild climate throughout the year, which makes it an ideal destination for living.
15. Live in a multicultural environment and learn from the diversity and history of Turkey.
16. You can exploit commercial and business opportunities in Turkey as a resident.
17. Turkey embraces stunning landscapes of mountains, beaches, and lakes.
18. 18 The procedures for obtaining real estate residence in Turkey are generally simplified and easy and can be completed successfully.
19. Turkey  enjoys relative political and economic stability, which provides a favorable environment for investment.
20. Turkey is a diverse environment in terms of demographics and different cultures, which provides an opportunity to meet and communicate with people from different backgrounds.

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