The interest in citizenship and immigration is also growing in these nations. In the last month, several people in the USA showed an interest in moving to New Zealand, as this country holds now the most successful quarantine efficiency which has wiped out the local transmission of the virus. The new cases are linked to incoming travellers, who must stay in quarantine after they’ve arrived.
People are also looking to relocate to Portugal, as the government’s quick response to the crises and a relatively low number of cases are incentives for the incoming investors. The lockdown period in Portugal saw an impressive increase in the Portugal Golden Visa applicants. Investments in May alone exceeded, blustering over €146 million (an increase of 192% compared to May 2019 that recorded €50 million). Numbers released by SEF for May 2020 show that in a single month, 270 applicants invested €146.2 million, bringing Portugal back on track for a statistically normal year, despite the pandemic.
The truth is that the biggest factor that plays a role and determines which country people will choose to relocate to the price.
Switzerland might be the world’s safest country but it comes at a price: only residency (not citizenship) is available here and applicants may have tax liabilities starting at €130k to over €1 million per year. Investment visas for New Zealand start at €1.70 million.
Getting both citizenship and residency in Portugal is cheaper. It starts at €350k and may be reduced to €280k if purchasing real estate in a lower density area. Learn more about Portugal Golden Visa here.
The Caribbean, Saint Kitts, and Nevis have also been on the look, where the latter was the first country in the world to offer citizenship-by-investment and according to Bloomberg, has now dropped the price by 23% to €130k for a family of four.
Coronavirus has completely refaced the real estate market, making it more available to the people who want to flock to safer countries.
In Portugal, incoming visitors are also now able to have their Health Passport extended and are able to apply for the Portugal Travel Insurance, which is travel insurance adapted to the current COVID-19 pandemic. Learn more about it here.
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
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My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.Investor from the USA
Dear Sérgio, thank you so much for arranging our 1º Esquerdo place. We love our place, and your attention to detail is very much appreciated.Tim Thronson - Investor from the USA
A full service, one stop opportunity. Very easy for us a foreigners. Ryan Dunn went above and beyond for us. We appreciate him and his work!Jose Arias - Investor from the USA
Everyone I met with and spoke with has been extremely knowledgeable and professional. Dealing with native English speakers who understand things from my perspective was very reassuring. Finally, knowing that I had Matthew in my corner gave me the confidence to proceed with the process of buying an apartment in Lisbon. Thanks very much.Investor from the USA
So far it has been great. Simon is very knowledgeable and friendly.Loay El Abiad - Investor from Saudi Arabia
It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.Akbar Ali - Investor from Pakistan