Europe is a continent that is steeped in history. It is home to some of the most beautiful cities in the world. When it comes to travelling or living in a different country, Europe is at the top of everyone’s mind. If you are interested in investing in real estate in Europe, you have to the right place. This post looks at the top 3 European countries to invest in. Buy a vacation home or invest in these countries to get residency and even a passport if you meet the requirements. So, what are you waiting for? Let’s take a look at the 3 most promising countries to invest in Europe.
- Spain
Spain is one of the most visited countries in Europe. People from across the globe visit this sunny Mediterranean country for the ultimate vacation. There is a reason why Spain is set to overtake Japan when it comes to life expectancy. Spaniards know how to live and the country is packed with historical sites and beauty. Spain encourages foreign investments in Spain. As property prices recover, now is the time to invest in real estate in Europe. Besides, foreigners have the opportunity to get golden visas for their family when they invest in Spain. Barcelona and Madrid are the best cities to invest in.
- Malta
Malta is a beautiful island nation in the Mediterranean. It is one of Europe’s best-kept secrets. Although the country might be minuscule in size, it is one of the most prosperous countries in Europe. Thus, the country provides an amazing real estate investment opportunity for investors. The past three years have seen a rise in property prices in Malta. The prices of apartments have increased by twenty percent which reveals just how profitable it can be to invest in this tiny island nation.
If you buy a property in Malta, you would also benefit from one of the government-approved schemes that allow you to gain residency or even a passport. It is important to keep in mind that there are certain restrictions on EU citizens and foreign nationals, unlike Spain which does not restrict foreigners or EU citizens from investing in land, commercial properties, or residential properties. Foreigners can only purchase a property in certain parts of Malta. However, Malta’s Residence and Visa Programme is a big hit among the wealthy. Investors from China, India, and the Middle East invest in Malta’s real estate market in hopes of gaining a second passport and more travel freedom as a Maltese passport is one of the most powerful in the world.
- Portugal
Finally, this post would be incomplete without Portugal. Spain’s neighbour offers a similar scheme. Boasting 3,300 hours of sunshine every year, this gorgeous country is a great place to invest in. There are plenty of expats that invest in the Portuguese real estate market and gain a 5-year residency after investing a minimum of €500,000.
Conclusion
Spain, Malta, and Portugal are some of the most promising countries to invest in real estate in Europe. Each country offers a residency scheme that you can take advantage of.