Easier movement across countries and greater acceptance of dual citizenship have opened gateways for people of this time. Unprecedented catastrophes, such as the 2008 financial crisis and the recent pandemic, have emphasized the need for hedging against future losses. And who can understand this concept better than investors? Investing in the safest countries that offer citizenship through real estate investment has emerged as one of the most feasible alternatives. This is particularly true for wealthy individuals who can afford various types of citizenship programs. It has come to notice that about 90% of the world’s millionaires have achieved their current standing by investing in real estate.
Double Gains
Not only is investing a great financial opportunity, but it also brings various benefits associated with citizenship in another country. These investment chances can be availed through either a direct citizenship-by-investment option, which does not require a lot of time, or through a residency program that eventually leads to citizenship in a few years. Investment programs and their terms and conditions vary across countries. Many countries have realized the potential for foreign direct investment that can be attracted through this scheme and, therefore, offer multiple types of investment citizenship or residency. The Caribbean Islands, in particular, have been noted as favorites in this category so far.
Global Real Estate Market: An Overview
Real estate investment has always been viewed as one of the less risky avenues. Its significance, however, has increased with rising inflation and the availability of a worldwide pool of opportunities. No longer restricted to the boundaries of just one country, real estate investment becomes even more alluring with the citizenship component. Not only can one secure against the time value of money, but the added benefits of another passport or citizenship can greatly enhance overall possibilities. According to research, about 25% to 30% of global property is bought by real estate investors.
The global real estate market size in 2022 was recorded at $3,704.02 billion, and with a Compound Annual Growth Rate (CAGR) of 5.32% between 2023 and 2032, it is expected to reach $6,219.88 billion by 2032, per Precedence Research. The Asia-Pacific region accounted for 40% of the revenue in 2022. American Tower Corporation (NYSE: AMT), Prologis, Inc. (NYSE: PLD), and Equinix, Inc. (NASDAQ: EQIX) are some of the largest public real estate companies in the world.
American Tower Corporation (NYSE: AMT) is a Fortune 500, S&P 500, and Forbes Global 2000 company, a real estate investment trust that provides the infrastructure for modern digital communications. Prologis, Inc. (NYSE: PLD), is one of the largest industrial real estate companies in the world, poised for further growth, especially due to increased demand for logistics. Prologis, Inc. (NYSE: PLD) is also aiming to leverage technological developments in AI to transition from being anonymous mass retailers to mass personalization.
Equinix, Inc. (NASDAQ: EQIX) is one of the world’s largest global data center Real Estate Investment Trust (REIT). The company has a strong position in the market. This is what RiverPark Advisors had to say about Equinix, Inc. (NASDAQ:EQIX) in its Q3 2023 investor letter:
“Equinix, Inc. (NASDAQ:EQIX): EQIX, a position we have held before, is a REIT that provides a global web of network-neutral, multi-tenant data centers that allow enterprises to bring together and interconnect the infrastructure required to compete in the digital economy. The company operates 248 data centers in 32 countries and 72 markets. These datacenters sit on top of the cable infrastructure and house the internet service provider equipment that connects and powers the internet.
The company charges tenants rent for colocation space, plus metered power and interconnects utilized. EQIX’s revenue growth is driven by price increases, greater cross-connect utilization, and new data center development. We believe the company can compound revenue at more than 10% a year over the next five years, and more than double Funds From Operations (FFO). We re-initiated a small position in August.”
15 Safest Countries That Give Citizenship by Buying Real Estate
KKulikov/Shutterstock.com
Methodology
For our list of the 15 Safest Countries That Grant Citizenship by Real Estate Investment, we meticulously examine various sources to identify nations with direct citizenship programs through real estate purchases, particularly those in the safe country zone according to the Travel Safe-Abroad Safety Index. This process led us to select eight countries. Additionally, we explored residency by real estate programs that eventually lead to citizenship and picked the remaining seven based on their ranking in the Travel Safe-Abroad Safety Index.
Note: Antigua and Barbados was not listed on the Travel Safe-Abroad Safety Index, however, we used various other sources to confirm that it is indeed a safe country and also include it in the list.
By the way, Insider Monkey is an investing website that uses a consensus approach to identify the best stock picks of more than 900 hedge funds investing in US stocks. The website tracks the movement of corporate insiders and hedge funds. Our top 10 consensus stock picks of hedge funds outperformed the S&P 500 stock index by more than 140 percentage points over the last 10 years (see the details here). So, if you are looking for the best stock picks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.
15. Uruguay
A permanent residency program for investors in the real estate sector is available for those seeking citizenship in one of the world’s safest countries. Check out our 30 Safest Countries in the World in 2024, for a detailed outlook on safest countries. The physical presence requirement extends to only 60 days a year in the country, and while the application approval takes about 12-18 months, permanent residency is obtained as soon as the application is approved. The investment amount required is $525,000.
14. Mauritius
As one of the safest countries offering citizenship through real estate investment, Mauritius provides an indirect route through its Permanent Residency Program. Under this plan, an investor can purchase a designated real estate project worth $375,000 and obtain immediate permanent residency. With continuous residence of seven years (or five for Commonwealth citizens), applicants can attain citizenship. Alternatively, a faster scheme involves a higher investment of $500,000, leading to citizenship in two years, though the physical residence requirements are more restrictive in this case. The types of real estate investment include integrated resort schemes, real estate schemes, property development schemes, smart city schemes, invest hotel schemes, and ground plus two apartment schemes. While dual citizenship is recognized, applicants must demonstrate proficiency in either English, French, or a local language.
13. Curacao
A real estate investment program is available for individuals desiring residency and, ultimately, citizenship in this safe country. Investors can participate in this program in three ways. Firstly, by making a minimum investment of $280,000 and maintaining ownership, one can obtain a three-year residency permit, which is also renewable. Another option is to invest $425,000 and gain a five-year residency permit. In the third scenario, an $850,000 investment would lead to an indefinite residency permit without any renewal requirements. Five years of residency make one eligible for citizenship.
12. South Korea
South Korea’s Immigrant Investor Scheme for Real Estate (IISRE) is an initiative by the Korean government to attract foreign investors to the country and encourage them to pursue citizenship. Although considered an expensive option, the scheme allows for permanent residency within five years and eligibility for citizenship application. The entire citizenship process takes 5-6 years, and applicants must demonstrate proficiency in the Korean language. The program requires an investment in hospitality real estate, including condominiums, hotels, golf resorts, villas, and similar categories in selected investment areas. The investment entails a minimum purchase of qualifying real estate for KRW 1 billion (approximately $750,000). Investors of any age can acquire this real estate and obtain temporary residency, known as F-2.
11. Spain
As one of the safest countries worldwide, Spain offers a Golden Visa Plan for permanent residency through real estate investment. This option requires a €500,000 investment in real estate on the open market. The period for obtaining permanent residency is five years, and for citizenship, it is 10 years. However, for certain nationalities and ethnic groups, the 10-year requirement is reduced to just two years.
10. Monaco
For individuals aspiring to obtain residency or citizenship in Monaco, there is an investment opportunity in real estate, albeit not a direct citizenship route. However, this path is not only expensive, but the country also does not allow dual citizenship. The option involves a property purchase of €500,000 and an additional €500,000 bank deposit to establish financial independence. This aids in obtaining a permanent residency card (Carte de Sejour). To become eligible for the country’s citizenship, one must reside continuously in Monaco for 10 years and maintain a clean criminal record.
9. Bermuda
Another safe country offering a residency program that leads to citizenship is Bermuda. Through their Economic Investment Certificate Program, which requires a substantial investment of $2.5 million in various forms, including residential or commercial real estate, investors can attain permanent residency in five years. Furthermore, individuals who are not absent for more than 450 days in the five-year period and are present in the country for the last year preceding the application become eligible for British Overseas Territories citizenship. The investor’s spouse and children under 18 are automatically included, and those in the 18-25 age bracket may also be included, provided they are studying in a higher education institution.
8. Turkey
Turkey’s citizenship by investment program stands as one of the most popular citizenship routes globally, with over 13,000 applicants and their families seizing this opportunity. Among the various options available, the real estate route requires a minimum purchase of $400,000, with no specification regarding the property type. Following the purchase, a residence permit application is submitted, and after the completion of all relevant paperwork, a review is carried out, which may include an interview. Typically, it takes about 3-4 months for citizenship to be granted. The inclusion of a spouse and children under 18 is automatic, and the property must be held for at least three years after obtaining citizenship.
7. Jordan
To encourage foreign investment, the government of yet another safe country offers a direct citizenship-by-investment route, which includes real estate as an option. Initiated in 2018, the program allows investors to participate by investing a minimum of $750,000. Additional requirements include passing a background check and providing financial proof. After qualifying for the program, applicants and their families (spouse and children) can also apply for citizenship, typically granted in about six months.
6. Saint Lucia
While Saint Kitts and Nevis boast the oldest citizenship-by-investment programs in the Caribbean Islands, Saint Lucia is the youngest. Investors can obtain citizenship in this beautiful country in just about 3-6 months by simply investing about $200,000 in a government-approved real estate project. Additionally, there are non-refundable applicant fees.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.
The association says home sales in the region totalled 2,991 for the month, up from 2,737 in August 2023.
The median price for all housing types was up year-over-year, led by a six per cent increase for the price of a plex at $763,000 last month.
The median price for a single-family home rose 5.2 per cent to $590,000 and the median price for a condominium rose 4.4 per cent to $407,100.
QPAREB market analysis director Charles Brant says the strength of the Montreal resale market contrasts with declines in many other Canadian cities struggling with higher levels of household debt, lower savings and diminishing purchasing power.
Active listings for August jumped 18 per cent compared with a year earlier to 17,200, while new listings rose 1.7 per cent to 4,840.
This report by The Canadian Press was first published Sept. 6, 2024.
In the quest to find cities where renters can enjoy the best of all worlds, a recent study analyzed 24 metrics across three key categories—Housing & Economy, Quality of Life, and Community. The study ranked the 100 largest cities in Canada to determine which ones offer the most to their renters.
Here are the top 10 cities that emerged as the best for renters in 2024:
St. John’s, NL
St. John’s, Newfoundland and Labrador, stand out as the top city for renters in Canada for 2024. Known for its vibrant cultural scene, stunning natural beauty, and welcoming community, St. John’s offers an exceptional quality of life. The city boasts affordable housing, a robust economy, and low unemployment rates, making it an attractive option for those seeking a balanced and enriching living experience. Its rich history, picturesque harbour, and dynamic arts scene further enhance its appeal, ensuring that renters can enjoy both comfort and excitement in this charming coastal city.
Sherbrooke, QC
Sherbrooke, Quebec, emerges as a leading city for renters in Canada for 2024, offering a blend of affordability and quality of life. Nestled in the heart of the Eastern Townships, Sherbrooke is known for its picturesque landscapes, vibrant cultural scene, and strong community spirit. The city provides affordable rental options, low living costs, and a thriving local economy, making it an ideal destination for those seeking both comfort and economic stability. With its rich history, numerous parks, and dynamic arts and education sectors, Sherbrooke presents an inviting environment for renters looking for a well-rounded lifestyle.
Québec City, QC
Québec City, the capital of Quebec, stands out as a premier destination for renters in Canada for 2024. Known for its rich history, stunning architecture, and vibrant cultural heritage, this city offers an exceptional quality of life. Renters benefit from affordable housing, excellent public services, and a robust economy. The city’s charming streets, historic sites, and diverse culinary scene provide a unique living experience. With top-notch education institutions, numerous parks, and a strong sense of community, Québec City is an ideal choice for those seeking a dynamic and fulfilling lifestyle.
Trois-Rivières, QC
Trois-Rivières, nestled between Montreal and Quebec City, emerges as a top choice for renters in Canada. This historic city, known for its picturesque riverside views and rich cultural scene, offers an appealing blend of affordability and quality of life. Renters in Trois-Rivières enjoy reasonable housing costs, a low unemployment rate, and a vibrant community atmosphere. The city’s well-preserved historic sites, bustling arts community, and excellent educational institutions make it an attractive destination for those seeking a balanced and enriching lifestyle.
Saguenay, QC
Saguenay, located in the stunning Saguenay–Lac-Saint-Jean region of Quebec, is a prime destination for renters seeking affordable living amidst breathtaking natural beauty. Known for its picturesque fjords and vibrant cultural scene, Saguenay offers residents a high quality of life with lower housing costs compared to major urban centers. The city boasts a strong sense of community, excellent recreational opportunities, and a growing economy. For those looking to combine affordability with a rich cultural and natural environment, Saguenay stands out as an ideal choice.
Granby, QC
Granby, nestled in the heart of Quebec’s Eastern Townships, offers renters a delightful blend of small-town charm and ample opportunities. Known for its beautiful parks, vibrant cultural scene, and family-friendly environment, Granby provides an exceptional quality of life. The city’s affordable housing market and strong sense of community make it an attractive option for those seeking a peaceful yet dynamic place to live. With its renowned zoo, bustling downtown, and numerous outdoor activities, Granby is a hidden gem that caters to a diverse range of lifestyles.
Fredericton, NB
Fredericton, the capital city of New Brunswick, offers renters a harmonious blend of historical charm and modern amenities. Known for its vibrant arts scene, beautiful riverfront, and welcoming community, Fredericton provides an excellent quality of life. The city boasts affordable housing options, scenic parks, and a strong educational presence with institutions like the University of New Brunswick. Its rich cultural heritage, coupled with a thriving local economy, makes Fredericton an attractive destination for those seeking a balanced and fulfilling lifestyle.
Saint John, NB
Saint John, New Brunswick’s largest city, is a coastal gem known for its stunning waterfront and rich heritage. Nestled on the Bay of Fundy, it offers renters an affordable cost of living with a unique blend of historic architecture and modern conveniences. The city’s vibrant uptown area is bustling with shops, restaurants, and cultural attractions, while its scenic parks and outdoor spaces provide ample opportunities for recreation. Saint John’s strong sense of community and economic growth make it an inviting place for those looking to enjoy both urban and natural beauty.
Saint-Hyacinthe, QC
Saint-Hyacinthe, located in the Montérégie region of Quebec, is a vibrant city known for its strong agricultural roots and innovative spirit. Often referred to as the “Agricultural Technopolis,” it is home to numerous research centers and educational institutions. Renters in Saint-Hyacinthe benefit from a high quality of life with access to excellent local amenities, including parks, cultural events, and a thriving local food scene. The city’s affordable housing and close-knit community atmosphere make it an attractive option for those seeking a balanced and enriching lifestyle.
Lévis, QC
Lévis, located on the southern shore of the St. Lawrence River across from Quebec City, offers a unique blend of historical charm and modern conveniences. Known for its picturesque views and well-preserved heritage sites, Lévis is a city where history meets contemporary living. Residents enjoy a high quality of life with excellent public services, green spaces, and cultural activities. The city’s affordable housing options and strong sense of community make it a desirable place for renters looking for both tranquility and easy access to urban amenities.
This category looked at factors such as average rent, housing costs, rental availability, and unemployment rates. Québec stood out with 10 cities ranking at the top, demonstrating strong economic stability and affordable housing options, which are critical for renters looking for cost-effective living conditions.
Québec again led the pack in this category, with five cities in the top 10. Ontario followed closely with three cities. British Columbia excelled in walkability, with four cities achieving the highest walk scores, while Caledon topped the list for its extensive green spaces. These factors contribute significantly to the overall quality of life, making these cities attractive for renters.
Victoria, BC, emerged as the leader in this category due to its rich array of restaurants, museums, and educational institutions, offering a vibrant community life. St. John’s, NL, and Vancouver, BC, also ranked highly. Québec City, QC, and Lévis, QC, scored the highest in life satisfaction, reflecting a strong sense of community and well-being. Additionally, Saskatoon, SK, and Oshawa, ON, were noted for having residents with lower stress levels.
For a comprehensive view of the rankings and detailed interactive visuals, you can visit the full study by Point2Homes.
While no city can provide a perfect living experience for every renter, the cities highlighted in this study come remarkably close by excelling in key areas such as housing affordability, quality of life, and community engagement. These findings offer valuable insights for renters seeking the best places to live in Canada in 2024.
