5 European Countries That Grant Residence Permits To Home Buyers

Living in a developed country clearly improves people’s quality of life and social rights. Therefore, the general tendency of people today is to settle in countries such as EU countries, USA and Canada. What needs to be done for this is to obtain a residence permit from the relevant country. Some countries in Europe give a residence permit to people who buy a house in that country. In the rest of our article, you can find some information about those who provide the highest quality of life among these countries.

5. Greece

To get a residence permit from Greece, you need to buy a house worth at least 250,000 Euros. When you meet this requirement, Greece will give you a 5-year residence permit under the Golden Visa. This application was put into practice for the first time in 2014 and is still ongoing as of 2017.

Everyone knows that Greece is not one of the brightest countries of the EU. Despite this, people’s desire to obtain a residence permit in Greece is based on the right to move freely between the EU countries. Those who obtain a residence permit automatically gain the right to travel without a visa in EU countries. And this status is important in terms of providing different advantages.

4. Malta

Malta, which is an EU member, also enjoys different privileges. People who have a residence permit in this country have different advantages in education, investment and working areas in EU countries and Switzerland. Visa-free travel is possible to a total of 167 countries, including EU countries and the USA.

To obtain a residence permit from Malta, a house worth at least 350,000 Euros must be purchased. In addition, renting a house with an annual rent of at least 16.000 Euros for at least 5 years is also sufficient for a residence permit. Apart from these, a residence permit can be obtained with two different options. These are:

  • Grant at least 650,000 Euros to the Maltese state
  • Buying government bonds of at least 150,000 Euros with a 5-year term

For Malta, we can say that its conditions are heavier than in other countries, although it has many advantages.

3. Spain

Spain is one of the most beautiful countries in Europe. To obtain a residence permit in this country, a house worth at least 160,000 Euros must be purchased. Thus, along with the residence permit, the right to travel without a visa in EU countries is obtained.

Those who have a residence permit in Spain can apply for citizenship after 10 years of residence. Thus, a very important advantage can be achieved, such as being a citizen of an EU country.

By buying a house in Spain, you will have both a residence permit and a long-term investment. After getting a residence permit, it is enough to enter and exit Spain at least once a year. In other words, there is no obligation to reside in Spain.

2. Hungary

Hungary is one of the doors opening to the EU. And getting a residence permit from this country is easier than other options. The purchase of a house worth at least 40,000 Euros is sufficient to obtain a residence permit. However, it should be noted that the residence permit is only for 1 year. In the case of an investment of 400,000 Euros, an indefinite residence permit can be obtained. In addition, the person making the investment is deemed to have acquired EU citizenship directly. This makes it extremely advantageous to get a residence permit from Hungary.

1. Latvia

One of the most advantageous countries in terms of residence permits is Latvia. The value of the house required to obtain a residence permit from this country must be at least 143,000 Euros. If the house to be bought is in a rural area, this figure has been determined as reasonable as 71,000 Euros.

When you buy a house in Latvia, you get a 5-year residence permit. At the end of this period, those who learn the official language of the country can apply for citizenship. Thus, you will have a very important advantage such as becoming an EU citizen in a very short time. There is also a very important convenience in Latvia, such as business establishment support.Latvia is a Northern European country, developing more and more each year. Living standards are constantly increasing. However, it can be said that the country is generally cheap. Therefore, it is accepted as one of the most logical options to be preferred both for obtaining the free movement right within the EU and for living.

Written by Harlow Sweeney