The best places to invest in real estate and get a second citizenship

Among many considerations, two should prevail for investors investing in residential real estate around the world. The first is to choose the best places. The second is to consider the country’s citizenship and residency offers. Fortunately, there are resources available that can help the investor undertake both of these priority tasks.

Where to invest in real estate

As for where to invest in residential real estate, there are many options. For high-end residential real estate, Forbes Global Properties can be a good choice. For those looking to buy something in one of the world’s largest metropolitan cities, Baron and Cabot may be a better fit. Other options could be Live and Invest Overseas and Nomad Capitalist.

However, perhaps the best guide for investors can be found in the International Real Estate Index, which identifies, compares and contrasts the top 20 global real estate investment destinations in 2024. This report, compiled by property expert real estate Ronan McMahon, founder of Real Estate Trend Alert (RETA), and his team, identify markets that offer a unique blend of value, growth potential and quality of life. Each location is carefully evaluated in ten categories, including relative value, income potential, quality of life and international appeal.

In addition, the Index identifies countries that excel in at least two of the following three areas: 1. Value for money, meaning growth potential (and thus the potential to provide strong capital appreciation); 2. Strong appeal to short-term and long-term tenants from within and outside the country (to provide potential rental income); and 3. Excellent quality of life.”

Obtaining a second citizenship or residence

In terms of evaluating a location from a citizenship or residency perspective, some valuable guides are Henley and Partners, Nomad Capitalist, or even ours here at Pace Law Firm, where I practice law, called the Pace Passport Index. However, one of the best resources to look at is that of Arton Capital. Their citizenship and residency ratings guide investors on the best place to live and which passport to get. Founder Armand Arton argues that, “investor immigration helps to change the destiny of individuals” and he strongly “believes in promoting international mobility”.

Plan B – A second home and passport

To be more specific to help investors looking to diversify and create a Plan B, information from these sources can be used to make it easier to choose what is best. For example, according to the International Real Estate Index, the ten best countries in the world to invest in real estate are in this order:

1. Los Cabos, Mexico

2. Caminha, Portugal

3 (tie). Riviera Maya, Mexico

3 (those). Rocha, Uruguay

3 (tie). Estepona, Spain

6. Panama City, Panama

7. Medellin, Colombia

8. Guanacaste, Costa Rica

9. Silver Coast, Portugal

10. Montpellier, France

Once an investor has chosen a real estate country such as one of the above, the investor can refer to Arton, or one of the other countries of citizenship and residence, for more details about citizenship and the prospects of staying there going forward to decide which one to buy.

Other considerations – Financing and taxation

In terms of other considerations that should be used, one is whether or not the investor can access mortgage financing in the chosen location. Often, one must finance a foreign acquisition using domestic assets, but several sources are available to potentially finance foreign acquisitions, including HSBC, Barclays and other banks. Another is to consider the tax regime in the chosen country. In this case, it is best to consult a local tax advisor.

Embarking on the adventure of finding a second home can be exciting. Preparing for the unexpected in this way can be very helpful when life doesn’t go according to plan.

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