Mimoun Assraoui, RIF Trust CEO, notes real estate prices rising in the North American market. “In terms of a North American family home, you get less bang for your buck today than you did, say, in 2015,” he points out.
“What sets HNWIs apart in the world of investors is their appreciation of value.”
Our CEO expands his idea: “The greater the disparity between what you pay for and what you receive, the worse the investment. Since the turn of the New Millennium, the price of average family housing has risen in a broadly diagonal line. The smarter investor looks to investing in more affordable markets where there’s the added bonus of a new residency or second citizenship.”
In a report published by the Statista Research Department on Thursday, ince 2012, the price has continuously increased, hitting 168 U.S. dollars per square foot in 2022. In the same year, the average sales price of a new home was 540,000 U.S. dollars.”
Statista also cover real estate prices the other side of the border and on Monday, February 19, 2024, new Statista Research Department data dropped. It reveals that
he average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at 678,282 Canadian dollars in 2023 and was forecast to reach 722,063 Canadian dollars by 2025. ”European real estate prices compare favorably to the ones set by realtors in North America. This boosts the appeal of Residency by Investment in the region.
One of the Greek Golden Visa‘s most popular investment options is commercial or industrial real estate converted into residential property for a minimum €250,000.” This residency allows you to travel visa-free around the Schengen Area and the chance to apply for a Greek passport after 7 years.
Properties are cheaper in Malta the country than Malta, Montana or Malta, New York. Residency Malta Agency run the Malta Permanent Residence Programme (MPRP). From a real estate perspective, applicants must rent a property for a minimum of €14,000 in Malta or Gozo; or purchase a property for a minimum value of €375,000 in Malta or Gozo.” There’s no route to naturalization like in Greece but you can still enjoy entering the 29-strong Schengen Zone.
Although Spanish real estate prices have risen, expect more bargains on the Iberian mainland and islands than in North America. The Spanish Golden Visa includes a property option requiring you to invest at least €350,000. After 10 years, you become eligible for a Spanish passport, the world’s strongest travel document.
The savings you’ll make as a property investor in the UAE will be at the high end of the market. The UAE Golden Visa‘s real estate component is a minimum $550,000 investment. There’s no route to citizenship but you can reduce your tax commitments in the likes of Dubai.
The 5 Caribbean Citizenship by Investment programs include a property option. The CBI thresholds in Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia are below the average North American family property price. They entitle you to Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia passports.
Just as with the MPRP, there’s a real estate component to Maltese Exceptional Investor Naturalization (MEIN). You need to buy residential Maltese property valued at least €700,000 or rent residential real estate in Malta paying a minimum €16,000 a year. As a Maltese national, you’re eligible for a Maltese passport.
Finally, you can qualify for Turkish Citizenship by Investment through property purchase. This involves an investment in Turkish real estate of at least $400,000. This enables you to receive a Turkish passport as well.
Applying for a new residency or second citizenship is not something you can do independently. These programs require you to go through an trusted authority like RIF Trust. So, contact us now, and we’ll show you how to begin the process today without any further delay.