Citizenship when purchasing real estate in Europe and the EU [Review 2021]

Where is the easiest way to get a residence permit or citizenship and do it as profitably as possible? Only in countries where citizenship for the purchase of real estate or a residence permit for real estate is available! Do you want to choose such a country and start acting in 2021? Explore 10 interesting options, many of which may seem surprising.

Having a second, third or nth passport has become a status symbol these days. Although this does not in any way detract from the practical value of owning a collection of such documents. Alternative passports can and should be used for tax planning, visa-free cross-border travel, opening bank accounts around the world and a variety of other tasks.

But not all passports are equally useful. Some documents may be much more effective in eliminating the same visa barriers than others.

There are many countries that offer fast track residency followed by naturalization or even citizenship to investors who are sufficiently trustworthy.

There are countries that provide residency and citizenship in exchange for investments in local businesses or their securities issued by both the authorities and ordinary local business entities.

Historically, the most “powerful” passports in the world from the point of view of removing visa restrictions for cross-border travel are available mainly in European countries, where they also practice the provision of residency and passports to investors.

But did you know that a surprisingly high number of European and other countries offer residency and even citizenship in exchange for affordable real estate investments.

Below are 10 such states where you can quickly obtain a residence permit or citizenship when buying real estate at a profit this year, and provide brief overviews of the real estate market in each of them.

Residence permit and citizenship when purchasing real estate in the Netherlands

To qualify for Dutch residency, non-EU citizens must spend a minimum of €1,250,000 in local real estate through a company based in the Netherlands. Investment in real estate for private activities is excluded.

Registration of a residence permit for real estate in the Netherlands allows you to launch a five-year naturalization process, the result of which is Dutch citizenship and an EU passport.

Dutch house prices have hit record levels this summer as Amsterdam welcomes more post-Brexit Britons, many of whom are leaving London despite the metropolis' prestigious "global city" status.

In the second quarter of 2021, the average price of a property transaction in the Netherlands rose 10.4 percent compared to the same period a year earlier to reach a record 288,000 euros ($336,240), according to data published by real estate agency NVM. In the largest Dutch city, Amsterdam, the average house price jumped 19.1 percent to 462,000 euros compared with the same period a year earlier.

House prices rose the most in Amsterdam and other urban centers in the western part of the Netherlands, thanks to a growing economy, low mortgage rates and a shortage of new homes. An additional factor has contributed to the rise in property prices in Amsterdam: more and more former British firms are opening in the city, seeking refuge amid Britain's exit from the EU and moving their staff to the Dutch capital.

Residence permit and citizenship when purchasing real estate in Brazil

To obtain an investor visa and residence permit in Brazil, a foreigner needs to spend approximately 150,000 US dollars. You then need to live in Brazilian territory for the majority of the year for four years and demonstrate the ability to communicate in Portuguese.

The good news is that you don't actually need to invest your money in Brazilian real estate. Investments can also be directed, for example, to a local business or the acquisition of an asset on Brazilian soil.

But it’s still worth taking a closer look at real estate in Brazil. Residential property prices in Brazil showed high stability in June 2021. According to the latest home sales index from real estate firm FipeZAP, which tracks residential property values in the country's twenty largest cities, prices in June showed a nominal decline of -0.06 percent year-on-year, remaining relatively stable.

According to FipeZAP, only 6 of the 20 cities and regions surveyed showed growth in June 2021: Federal District (0.37 percent), Goiana (0.31 percent), Sao Paulo (0.21 percent), Santo Andre (0.18 percent), Recife (0.16 percent) and Contagene (0.01 percent). As usual, Rio de Janeiro recorded the highest average sales prices for residential properties in the country: R$9,556 per square meter. In second place was Sao Paulo with a price tag of 8,774 reais per square meter.

Residence permit and citizenship when purchasing real estate in Cambodia

To obtain citizenship of this country, you need to invest at least $300,000 in the Cambodian real estate market or other sector of the local economy.

Cambodian real estate is attracting more and more foreign investors. People from Asian countries such as China, Hong Kong, Singapore, Taiwan, Korea and Malaysia invest their capital in local housing and commercial real estate.

According to researchers from the consulting company CBRE Research, the real estate market in the Cambodian capital Phnom Penh in the second quarter of 2021 was marked by a significant expansion of supply. Approximately 2,000 condominium units were completed during the quarter, with economy and mid-range condominium prices remaining stable and luxury housing prices increasing 2 percent quarter-on-quarter.

The CBRE Research report also notes that demand for rental office space is growing in the capital city. While total supply fell 3.3 percent quarter-over-quarter, overall office occupancy rose 5 percentage points to 87.7 percent compared to the first quarter of 2018. Rents for Class B and Class C offices increased by 6 percent and 3.4 percent, respectively.

Residence permit and citizenship when purchasing real estate in Greece

Greece offers residence under an investment program to citizens of non-EU countries who spend 250 thousand euros or more to purchase real estate in the Greek domestic market and register it as their own. The Greeks also grant full citizenship to foreigners if they stay in the country most of the year for seven years.

At the same time, experts recommend paying particularly close attention to a number of local real estate markets, including Athens, Piraeus, Rhodes and the Peloponnese.

The authorities of this European country are also considering the possibility of granting a Greek residence permit to foreigners upon investing 400 thousand euros in a real estate investment company (Real Estate Investment Company; REIT), engaged in investment activities exclusively in Greek jurisdiction.

You can also obtain Greek citizenship by confirming the presence of Greek roots in your family tree. A similar approach is practiced by many other European countries.

Residence permit and citizenship when purchasing real estate in Ireland

An Irish residence permit for the purchase of real estate can be obtained subject to a minimum investment of 2 million euros in the local capital market. Moreover, such investments must be redirected through a real estate investment trust (REIT). Then you just need to live in the country for most of the year for five years, and Irish citizenship is in your pocket.

Investors are advised to pay special attention to the capital Dublin, where housing prices showed strong growth in 2018. According to Irish property portal Daft.ie, prices in Dublin rose by 1.8 per cent between March and June, meaning the average price in the capital is now almost €155,000 higher than five years ago, when the market was at a minimum.

Prices in the country's domestic market rose overall by 2.7 percent year-on-year in the second quarter of 2021. The average price across the country in the second quarter was 254,000 euros. Compared to the lowest point recorded in 2013, prices across the country have now risen by an average of 54 percent, or just over €89,000.

In recent months, there has been an increase in the number of properties available for purchase in property markets across the country. There were around 4,800 properties available in Dublin in June, up 50 percent on the previous year. Outside the capital, almost 19 thousand houses were available on the market in June - this figure was 2 percent lower than last year, but at the level of a very successful March 2000 for the market.

Available citizenship options for purchasing real estate in 2021 –

In the Caribbean and Mediterranean, there are many programs that offer access to the opportunity to obtain residency, that is, to actually buy the status of a citizen or residence permit.

Caribs

The Caribbean brochures look amazing. They are decorated with images of white sandy beaches and cottages, which can be very enticing. However, if you look closely, you will notice that some of them mention hurricanes. And this should be considered a serious warning.

For example, just recently powerful cyclones destroyed the infrastructure of the Caribbean Dominica, where you can get a second passport by spending from 200 thousand US dollars. Similar proposals are being made by other Caribbean countries, where there is also a high probability of damage to infrastructure due to the rampant nature.

The Caribbean Grenada stands apart, located far from the hurricane belt. You can obtain citizenship for real estate there by spending 220 thousand dollars.

USA

The United States has a very popular EB-5 residency program, through which you can obtain a de facto green card and become a US citizen after five years of naturalization. The program has been in the press regularly lately due to the upcoming increase in the minimum capital required to apply. The price tag should increase from $500,000 to $900,000. The entry threshold will be increased in the coming November.

It is important to understand that with EB-5 you are not necessarily purchasing in the traditional sense. You are eligible for a green card if you invest $500,000 or more in a regional center that has its own program.

This means that you are not actually receiving title to a specific home or other asset - you are buying securities through a special investment scheme. Therefore, you must be sure that such a pattern is stable and predictable.

Experts often advise clients to invest in something that will be under the investor's actual control. The EB-5 scheme is not the case. If you are considering applying for a US green card through EB-5, make sure you have a complete understanding of what exactly you are investing in.

Europe

In Europe, you can have a passport for an apartment by the sea purchased in the amount of 350,000 to 2 million euros, and the period for obtaining such a document will range from several months to a year. We suggest exploring 9 countries where you can buy a passport and get the best insurance policy in the world.

There are hidden warnings to watch out for when considering European programs, experts say. For example, the need for a mandatory stay in the territory of the receiving party for a certain period of time / registration of club membership there and other actions before receiving it in order to create a “sustainable connection” with it.

You should also pay attention to the possibility of changing the status of participants in relevant programs in the future. Thus, the Cypriots are now considering the possibility of de-anonymizing the participants in their scheme, which will make it a much less attractive option compared, for example, to its Caribbean counterparts.

The EU's central authorities, represented by the Brussels-based European Commission, are also increasingly taking a negative view of European and other jurisdictions that “sell passports” without requiring standard naturalization. Under pressure from Brussels, the Bulgarian authorities this fall stopped issuing citizenship for real estate.

However, some European states are not going to bend under pressure from official Brussels, closing their programs for issuing “golden visas” and “golden passports” at the whim of European officials and to the detriment of their economies.

One of them is Portugal. Let it be impossible to get there directly. But a foreigner, spending just 350,000 euros, could very well buy a good investment apartment and Portuguese citizenship for his family after five years of naturalization, devoting seven days of his life to the host each year.

An alternative is the Cyprus program mentioned above, which allows you to receive it in just six months. But it is very expensive. We are talking about millions of euros.

Yes, there are many great options on the island and investors are allowed to invest in multiple properties at once. But, according to experts, the Cypriot market is very unstable. Some analysts do not believe that all advertised apartments can increase in price in the future.

However, it has survived 8 years of falling house prices and the market is currently picking up thanks to sales to foreigners and increased construction activity. However, again, from an investment point of view, tying up €2 million in a market with an uncertain future is a big risk. Experts advise caution and research before purchasing.

There are other options. For example, the Bahamas. This is a luxurious holiday destination chosen by the world's wealthiest people. This jurisdiction, like Portugal, offers residency to foreign nationals who wish to stay long-term by making a contribution of $500,000. Successful candidates who stay for more than seven years can also apply for status.

Residence permit and citizenship when purchasing real estate in Grenada

Citizenship for real estate in Grenada is available to foreigners provided they invest at least $350,000 in the real estate market of this Caribbean state.

Moreover, to obtain citizenship, it is allowed to invest money only in a development project approved by local authorities. For example, to the Kimpton Kawana Bay boutique resort.

Anyone wishing to obtain citizenship for real estate should take into account that at the end of 2021, the average closing price of a purchase and sale transaction in the local real estate market has remained virtually unchanged compared to the previous two years.

At the same time, according to data from the regional real estate company Century 21, there is a growing number of transactions in the local market involving foreign buyers, which, among other things, indicates the popularity of the immigration scheme that allows one to obtain citizenship for Grenada real estate.

Why do you need a second passport?

There are many reasons and factors that make a growing number of people consider a second passport. They can use their new passport as a tool to achieve success in a variety of endeavors, from increasing their family's physical security and providing access to better education for their children to taking advantage of tax breaks and gaining true freedom when traveling.

If the opportunity arises to obtain citizenship for real estate abroad, interest in a second passport further increases. Purchasing housing abroad is traditionally viewed as the simplest and most understandable way to invest capital in foreign assets and diversify risks.

The simple prospect of owning a home that generates passive income (for example, through rental earnings) and appreciates in value, while located in a jurisdiction with a strong currency, is a good enough reason to apply for citizenship for real estate abroad, which realtors and immigration agents often hear about their clients.

The advantage of owning a home abroad is that it allows you to benefit from the global trend of rising house prices and build wealth in a strong currency, which can be used as a risk hedge.

In addition, by obtaining citizenship based on the purchase of real estate, the investor receives a safe and stable “Plan B” for himself and his dependents.

Residence permit and citizenship when purchasing real estate for bitcoins in Vanuatu

Vanuatu currently has the fastest investment citizenship and passport program for foreign investors in the world, allowing you to obtain a new citizenship in about a month and a half.

And soon, as part of this immigration scheme, it will be possible to obtain citizenship when purchasing property in Vanuatu. Moreover, it will be possible to pay for such a purchase using cryptocurrency. That is, if you decide to get citizenship and real estate for bitcoins, you are in Vanuatu. According to preliminary data, the entry threshold will be set at $350,000.

This option should be of particular interest to crypto investors, who, when applying for citizenship when purchasing real estate for bitcoins in Vanuatu, receive a number of valuable bonuses.

The local real estate market is extremely compact; therefore, representative statistical data reflecting its dynamics are practically absent. How difficult is the process of buying property in Vanuatu? Everything happens for a long time. It usually takes about six months to complete the transaction and transfer ownership.

And keep in mind that in Vanuatu there is no possibility of registering ownership of land plots, but lease is available for a period of up to 50 years (for residential plots) and up to 75 years (for commercial properties).

Advice for those searching for the optimal investment asset

Experts emphasize the importance of understanding the difference between purchasing to obtain a second passport, on the one hand, and simply acquiring assets, on the other.

Yes, in both cases, before making a deposit, you need to analyze the same indicators that reflect the dynamics and state of the market the investor is interested in, but if you need to obtain citizenship for real estate, you will have to dig deeper. Experts recommend paying attention to the following points:

Study basic information about the economy of the country you like, in an apartment in which you are going to invest your funds. Try to understand what its economic situation and policies will look like over the next 10 years. How will the local currency behave? What infrastructure development plans are the authorities going to implement?

Consider the transfer laws and other aspects of real estate transactions in the country you are interested in - are there any restrictions on the assets available to you as a foreigner? If such restrictions do exist, does it make sense to invest in this country?

Don't go for cheap. The most accessible and cheapest citizenship for real estate will not always be the best. The opportunity to invest $200,000 in the Caribbean may seem like a bargain compared to having to invest €2,000,000 in a Cyprus home to obtain a Cyprus passport. But if when you deposit t you will simply tie up the money (the investment will not generate income), and the corresponding asset will depreciate over the years, it does not make sense.

What are your future plans regarding the asset that you will receive when you register? Can it be rented out (this is prohibited in Malta)? When will it be possible to exit the investment?

Does the location of the real estate you are interested in add liquidity to that asset? Are you prepared for temporary difficulties due to natural disasters and other reasons? For example, if you are planning to buy a vacation rental villa by the sea on a Caribbean island, be prepared for an unexpected drop in tourist demand due to a hurricane.

For more information on how to make an investment and on this basis obtain residency or even a second passport, contact our experts via [email protected]

With extensive contacts with experts and working closely with reputable immigration companies in countries where citizenship by real estate is available, we strive to ensure that we select only the best for you.

This means that your new property will work for you for many years after you receive your new residency or passport, in line with your broader wealth strategy and your family's goals.

How to choose a country in which to obtain citizenship for the purchase of real estate?

There are about a dozen jurisdictions in the world that provide citizenship for the purchase of real estate on their territory. You should choose a country based on specific criteria: Required minimum amount of investment in real estate. The status and reputation of the passport, the number of countries in the world where you can travel with it without a visa. The political and economic situation in the state from a security point of view, favorable climatic conditions. Dominica and Saint Lucia offer the smallest mandatory real estate investment amounts - from $200,000 per family.

How much does it cost to obtain citizenship for buying real estate in Europe?

To obtain citizenship for purchasing real estate in the European Union without a long wait, you should pay attention to Malta or Cyprus. In the first territory, you need to spend from 900,000 euros; in Cyprus, the amount of investment will exceed 2 million euros. In both cases, you will have to wait a year and a half. You can become a participant in the Portuguese immigration program, where it is enough to spend only 350,000 for a good apartment. But you will receive citizen status only five years after acquisition. It is also mandatory to visit the country for at least 1 week every year.

What are the pitfalls when obtaining citizenship for the purchase of real estate?

If you buy real estate for citizenship by investment in the Caribbean, there are risks of damage due to hurricanes and other natural disasters. Also, in these jurisdictions, you can only purchase items that are approved by the government. In order for a foreigner in Turkey to purchase real estate for these purposes near the border or military base, he must obtain a special permit. In Malta, the program participant is required to purchase shares or collective contributions in the business along with housing.

Residence permit and citizenship when purchasing real estate in Turkey

You can get a new passport and citizenship when purchasing real estate in Turkey as early as 2021 by investing at least 300,000 US dollars in the real estate market of this state.

Moreover, this method of obtaining citizenship in Turkey for Russians, Kazakhstanis, Belarusians and Ukrainians may turn out to be quite profitable against the background of the weak Turkish lira, affordable mortgages in the host country and generally positive dynamics in the real estate market of this jurisdiction.

Property sales in Turkey surged in June 2021 as some local development and real estate firms slashed home prices as part of a limited-time discount promotion. A group of 41 Turkish housing and construction companies recently announced that home buyers will be given a 20 percent discount on house prices until the end of June. The reduction in interest rates on mortgage loans also played a role. Currently, 120-month mortgage rates range from 1.3 to 1.8 percent per month.

According to data from the Turkish Statistical Institute (TÜİK), 119,413 houses and apartments were sold in the country in June, an increase of 22.4 percent compared to the same month last year. For comparison, almost 120 thousand houses were sold in Turkey last May, which is 2.7 percent more than in the same period last year.

The number of property sales in Turkey through mortgages has also increased, with the figure increasing by 35.3 percent year-on-year in June 2021. 47,648 housing units were sold through mortgages. Home sales to foreigners rose 7 percent year-on-year in June 2021 to reach 2,060 units.

TÜİK data also shows that in the first six months of 2021, the number of residential properties sold in Turkey decreased by 1.3 percent year-on-year to 646,032 transactions. The number of new mortgage loans in the first half of this year fell by 18 percent (to 210,805) compared with the same period last year. The share of home sales with a mortgage amounted to 31 percent of all sales of houses and apartments in Turkey based on the results of the six-month period.

TÜİK figures showed that Iraqis again topped the ranking of the most active foreign buyers in June 2021, with 1,987 property transactions in Turkey. They are followed by buyers from countries such as Saudi Arabia (1,087 units) and Iran (944). Russian investors were in fourth place with 815 transactions.

Where to get citizenship for buying real estate in 2021 – Difficult choice

There are quite a few different investment residency programs, each of which has its own pros and cons. These points should be taken into account before a transaction abroad in order to obtain a residence permit or citizen status on this basis.

Our experts periodically receive questions about which immigration route is the best. For example, readers want to know whether it is worth buying in Turkey for ¼ million US dollars or still giving preference to residency based on the purchase of housing in Greece, spending a similar amount on such an asset, but in euros.

There are a lot of similar questions. The answer in each specific case depends on the strategy developed by the interlocutor to increase wealth, his financial capabilities and considerations regarding ideal residency.

It often makes sense to choose good and stable investments rather than choosing the perfect “home”. Especially if you're not planning on moving anytime soon, or if the apartment complex is being considered as the basis for a "Plan B".

Residence permit and citizenship when purchasing real estate in Montenegro

It will be possible to obtain citizenship by purchasing real estate in Montenegro this fall. Moreover, local authorities have already begun preliminary acceptance of applications for participation in the new immigration scheme, according to the terms of which, Montenegrin citizenship for the purchase of real estate will be available in case of an investment of at least 250 thousand euros.

The local housing market is quite compact and, as a result, subject to volatility under the influence of external factors, which was proven by a sharp deterioration in the situation in this market after the departure of Russian investors due to the weakening of the ruble. On the other hand, when buying real estate in Montenegro, you can end up as a neighbor of a celebrity.

According to recent official data, the average housing price in Montenegro in new residential buildings in the 4th quarter of 2021 was 1,079 euros. The figure increased by 10.6 percent year on year. Prices for 1 m² of residential real estate in the largest cities of the country were as follows: Podgorica - 1,119 euros, Bar - 1,105 euros, Budva - 1,212 euros.

Which countries give citizenship along with real estate?

The European region is an excellent option for emigration, and when residency is given in exchange for investment, it is doubly profitable. There is no such program in the Russian Federation.

Even if a foreigner buys an apartment in Moscow, he will not become a Russian citizen until he has lived in the country for a certain number of years. But in European and Western countries this is possible. Popular countries where citizenship is purchased along with housing are Malta, Cyprus or Grenada, etc.

States offer special programs for obtaining residency through real estate. In each case, conditions and criteria apply, disadvantages and advantages are identified, therefore these countries must be considered separately.

Cyprus

The residency investment program has been operating for 7 years. Up to 700 passports are issued to foreigners per year.

The investor must meet the following requirements:

adult;
not convicted;
there are no sanctions from international communities or the European Union;
impeccable reputation as a businessman and citizen;
availability of health insurance;
there are no restrictions on entry into EU countries;
optimal state of health according to doctors.

First, the buyer of a home in Cyprus is provided with a residence permit, and six months later, residency is issued. Passports are issued to all family members at once - parents, spouse, children.

It is allowed to invest in various objects that are rented out and receive a profit from rent. A mandatory point is that the property must include housing worth 500,000 euros, in which the investor must register. The house becomes the lifelong property of the investor. The remaining property (another 2,000,000 euros) after 5 years of ownership is allowed to be sold without loss of residence.

Cypriot citizenship has many advantages:

there are no language requirements;
there is no need for permanent residence;
no need to renounce citizenship of your native country;
preferential taxation;
visa-free travel with 174 countries;
You can study, live or work in EU countries.

In addition to investments, the newly-minted Cypriot expects other expenses such as the state duty for a residence card and passport, the cost of legal support and the due diligence procedure, as well as a doctor’s report on health and medical insurance. In total, a family of 3 will cost another 51,000-131,000 euros.

Malta

You can immigrate to the island under the residential investment program since 2014. A year after that, citizenship is issued. The investment amounts are not so strict, in comparison with Cyprus - 860,000 euros, but the quota is larger - 1.8 thousand people.

Requirements for the applicant:

we do not judge;
adult;
with a clean reputation;
does not have European Union sanctions and restrictions or bans on entry into the territory of the European Union;
source of funds for the purchase of real estate of legal origin;
medical insurance and health certificate.

Citizenship is granted according to the approved algorithm:

An amount is paid for the purchase of real estate, after which a residence permit is immediately issued.
After a year, citizenship is granted.
The program applies to the applicant's spouse, children and parents.
Partial investments can be returned after 5 years of ownership by selling to third parties.

You can obtain Maltese citizenship through the purchase of real estate only with the help of a special agent, the list of which is officially approved by the local government.

Compared to Cyprus, Malta has a lot of disadvantages. This is the inability to rent out real estate. And an impressive part of the invested funds is not used to purchase property, but to the costs of the procedure and as a gift to the Maltese state.

Dominica

The investment state program gives foreigners a chance to obtain citizenship of the island country when purchasing real estate.

Main conditions for obtaining citizenship:

Invest 200 thousand dollars in a Dominican house.
After 3 years, the property is allowed to be sold.
Residence is issued within six months after purchasing housing.

Homes for investment are approved and approved by the government.

Saint Lucia

The island nation in the Caribbean has launched an investment program since 2015, under which foreigners are granted citizenship in exchange for contributions to the country's economy.

There are several investment options to choose from, including the purchase of real estate. Subject to compliance with government requirements, the program receives citizenship within 3-4 months.

Conditions for obtaining residency:

acquisition of real estate approved for the project by the government;
minimum cost – $300,000;
keep the property for 5 years.

The program applies to spouses, children and parents of investors. And the candidate for citizenship must be healthy and without a criminal record, an adult, with a confirmed origin of investments and proven reliability.

Saint Kitts

You need to buy real estate for $400,000 to obtain citizenship of this Mediterranean state. The investor citizenship program is designed to support the economy.

Having residency allows you to visit Schengen countries visa-free. There is no requirement to live on the island, and after 5 years the purchased house can be sold.

They offer the option of investing in real estate for 200 thousand dollars. But in this situation, the owner will be able to sell the property only after 7 years.

Grenada

The investment project began operating in 1997. Participation does not require knowledge of the language or permanent residence in Grenada. You need to buy a home on the island for $500,000. And after 2 months the investor will receive a passport.

Antigua

To obtain citizenship, you need to purchase real estate for $400,000. You need to live on the island for at least 7 days a year, and in 5 years - 35 days.

The program applies to children, parents and spouse. Properties for sale are those that have been approved by the local government to participate in the program. After a 5-year period, the house is allowed to be sold.

Residence permit and citizenship when purchasing real estate in Jordan

In Jordan, permanent residence (PR) can be obtained when purchasing property valued at US$282,000 or more, provided that the Department of Lands and Surveys confirms the purchase price. The asset will need to be held for 10 years without selling the property in question, and the country's naturalization process takes 5 years longer.

Real estate trade in Jordan fell by 11 percent between January and July 2021 in quantitative terms. Moreover, the capital Amman accounted for 70 percent of the riders concluded in the Kingdom. The Kingdom's real estate market valued at RSD 3,092 billion in the first half of 2021, down 11 percent from RSD 3,367 billion in the same period in 2017.

Jordanian real estate transactions involving non-Jordanian investors fell by 26 percent to JD1,460 billion between January and July 2021 compared to the same period in 2017. Iraqis have become the most active foreign investors in the Jordanian real estate market, investing a total of 59.7 million dinars. Next come investors from Saudi Arabia and Syrians.

Features of the acquisition procedure

Transactions by foreigners with residence permits are practically no different in procedure and set of documents from those made by Russian citizens. Non-residents and residents have equal rights in the real estate market.

What is your registration?

Registration at the place of residenceRegistration at the place of stay

Foreigners are additionally asked only:

confirm the legality of stay on the territory of the Russian Federation (passport, migration card, residence permit, registration);
make a notarized translation of your passport into Russian;
provide your spouse's consent to the transaction.

If you need a translator, you can use his services. Documents for the sale and registration of a mortgage are drawn up strictly in Russian, and all transactions are made in rubles. Transfers in foreign currency are prohibited.

In Crimea, a double procedure is also practiced: registration of a transaction under Russian and Ukrainian legislation. In this way, foreigners try to reduce their risks if the political situation changes.

Interesting article: Is it possible to obtain a certificate for maternity capital if you have a residence permit?