Expert Advice

Begin Your European Property Investment Adventure Europe—a continent rich in history, stunning architecture, and diverse cultures. If you’re considering buying a second property here, this guide is your essential tool for navigating the rewarding world of European real estate investment.
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Retirement is an exciting phase of life but requires careful planning, particularly when choosing where to spend your golden years. Many retirees seek to maximize their savings and embrace new experiences by moving abroad.
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Baja California is at the start of a 30-year growth phase, while lesser-known areas of central and northern Portugal are on the brink of a real estate boom. High-end properties in walkable beach cities in France, Spain, and Mexico are in soaring demand. These trends are highlighted in Real Estate Trend Alert’s (RETA) first International Real Estate Index. Fifteen years ago, I founded RETA to help like-minded investors pool their buying power and profit from the best real estate deals worldwide. Over the past decade and a half, my team and I have explored world-class destinations like Cabo San Lucas, Mexico’s Riviera Maya, Portugal’s Algarve region, Spain’s Costa del Sol, and the south of France, identifying prime markets and opportunities. We’re always on the lookout for emerging hotspots. In the past year alone, we’ve scouted Portugal’s Azores islands, Montenegro, the eastern coast of the Dominican Republic, and Spain’s “green zones.” Our aim is to stay ahead of market trends, providing our members with invaluable insights and opportunities.

Introducing the RETA International Real Estate Index

Most year-end lists and rankings are put together by writers who lack firsthand market experience, often focusing on major economic centers like San Francisco, London, or Singapore, which have high entry and holding costs and low rental yields. Our approach is different. The RETA index considers destinations that excel in value for money, growth potential, rental appeal, and quality of life. We ranked destinations based on ten categories to create our top 20 list. Each market has been personally investigated by my team or me, and we’ve accurately predicted their rise in many cases.

Top Five Real Estate Markets for 2024

1. Cabo San Lucas, Mexico: Cabo excels in every category, from climate and quality of life to international appeal. It offers luxury resorts, high-end restaurants, world-class marinas, championship golf courses, and a booming real estate market. Luxury condos in Cabo rent for $3,500 per month or more, with strong potential for capital appreciation. 2. Caminha, Portugal: This charming, lesser-known town on Portugal’s northern border with Spain offers exceptional value. With beautiful beaches and verdant countryside, Caminha is poised for growth as wealthier visitors discover its appeal. Properties are still affordable, making it an excellent investment opportunity. 3. Riviera Maya, Mexico: This Caribbean coastline is experiencing a massive economic boom, attracting high-end tourists and remote workers. Playa del Carmen and Tulum are particularly popular, with prices rising due to limited developable land and increasing demand. 4. Estepona, Spain: Estepona is the next hotspot on Spain’s Costa del Sol, benefiting from the region’s amazing climate, stunning beaches, and rich cultural heritage. Prices are rising, but there are still opportunities to buy ahead of the Path of Progress. 5. Rocha, Uruguay: Known for its unspoiled nature and modern infrastructure, Rocha is becoming a sought-after destination. With 110 miles of pristine beaches and recent infrastructure improvements, this market is in the early stages of a multi-decade growth phase.

Key Factors in the RETA Index

Destinations were judged across ten categories, each contributing to the overall ranking. These categories include:

• Relative Value: Exceptional value compared to major US and Canadian markets.
• Climate: Warm, sunny climates with minimal humidity.
• International Appeal: Popularity among tourists, expats, and digital nomads.
• Path of Progress Indicator: Infrastructure developments that enhance accessibility and desirability.
• Income Potential: Rental income relative to investment.
• Quality of Life: Availability of amenities, natural attractions, and overall environment.
• Ease and Cost of Transaction: Ease and cost of purchasing property for foreign buyers.
• Stability: Political, economic, and social stability.
• Availability of Bank Finance: Access to mortgages for foreign buyers.
• Holding Costs: Costs associated with owning property, such as taxes and insurance.

Conclusion

RETA’s first International Real Estate Index offers a comprehensive guide to the best real estate markets for 2024. By considering value, growth potential, rental appeal, and quality of life, we provide investors with unparalleled insights into the top global destinations. Whether you’re looking to invest in Baja California, Portugal, Mexico, Spain, or Uruguay, our index highlights the markets with the most promising opportunities for growth and return on investment

The right to free movement, living, studying, and retiring in the European Union attracts many foreign nationals to apply for EU citizenship. One of the simplest ways to obtain EU citizenship and a passport is through descent, with Italy, Greece, and Spain offering the highest number of citizenships via this method. To acquire EU citizenship by descent, applicants generally need to have parents, grandparents, or great-grandparents from specific EU countries. However, the specific rules for obtaining citizenship by descent vary across the EU, and applicants should thoroughly research the requirements. Currently, the following EU and EEA countries offer citizenship by descent to grandchildren or further descendants of their nationals:

Austria

Austria offers citizenship by descent primarily to the first generation. According to the Austrian Government’s Official Information Website, children automatically become Austrian citizens at birth if their mother is an Austrian citizen, or if their father is Austrian and the parents are married. If the parents are unmarried, the child can acquire citizenship if the Austrian father acknowledges paternity within eight weeks or it is established by a court.

Belgium

Belgium provides citizenship by descent to the first generation. Children born in Belgium to at least one Belgian parent, including adopted children, are eligible. Key eligibility categories include those born before January 1, 1967, with married parents or a Belgian father who acknowledged them, and those born after January 1, 1985, to a Belgian parent, among other specific conditions.

Bulgaria

Bulgaria allows citizenship by descent up to the third generation. Following the Citizenship Act amendments in March 2021, the process has become faster and more transparent. Applicants can apply if they have Bulgarian parents, grandparents, or great-grandparents, with decisions usually made within 24 months.

Croatia

Croatia grants citizenship by descent if applicants have a parent, grandparent, or great-grandparent with Croatian citizenship, unless the ancestor left before October 8, 1991, to another former Yugoslav country.

Cyprus

Cyprus offers citizenship by descent to the first generation. Applicants must be over 18 and born in Cyprus after August 16, 1960, to Cypriot parents, among other specific criteria.

Czechia

The Czech Republic allows citizenship by descent up to the second generation. If only the father was a Czech citizen and the parents were not married, proof of paternity must be submitted.

Denmark

Denmark permits citizenship by descent only for the first generation, meaning children born to Danish parents can become citizens, with specific rules depending on which parent is Danish and the child’s place of birth.

Estonia

Estonia offers citizenship by descent to the first generation. If parents revoked their child’s citizenship before the child turned 18, the child must reapply.

Finland

Finland provides citizenship by descent to the first generation, typically if the mother is Finnish, the parents are married, and the father is Finnish.

France

France allows citizenship by descent if at least one parent was a French citizen at the applicant’s birth, provided there were ties to France in the past 50 years.

Germany

Germany grants citizenship by descent to the first generation, extending up to the third generation for descendants of Nazi victims.

Greece

Greece allows citizenship by descent up to the third generation, with different rules based on the applicant’s birthdate and parents’ nationality.

Hungary

Hungary offers citizenship by descent without generational limits if the applicant speaks Hungarian and has a Hungarian ancestor.

Iceland

Iceland grants citizenship by descent if the applicant’s mother or father is Icelandic, with additional conditions for those born between 1964 and 1982.

Ireland

Ireland permits citizenship by descent up to the third generation, including those born outside Ireland to Irish parents or grandparents.  

Italy

Italy allows citizenship by descent up to the third generation, tracing lineage back to 1861. Maternal citizenship was not recognized until 1948.

Latvia

Latvia offers citizenship by descent if an applicant has a parent, grandparent, or great-grandparent who was a Latvian citizen before June 17, 1940, or was forced to leave between 1940 and 1990.

Liechtenstein

Liechtenstein has stringent naturalization laws, typically requiring 30 years of residency. Citizenship by descent is only available for children born to Swiss nationals.

Lithuania

Lithuania allows citizenship by descent up to the third generation if an ancestor was a citizen before June 15, 1940, or left due to persecution before March 11, 1990.

Luxembourg

Luxembourg grants citizenship by descent through three pathways: citizenship reclaim, having a Luxembourgish ancestor, or by option, with recent changes making the process more accessible.

Malta

Malta allows citizenship by descent if the applicant has a Maltese parent or grandparent, with proof required for registration.

Netherlands

The Netherlands offers citizenship by descent primarily paternally before 1985, and maternally post-1985, with an option procedure available.

Norway

Norway’s citizenship rules depend on the birth date, granting citizenship if born after September 1, 2006, to Norwegian parents, with different rules for those born earlier.

Poland

Poland offers citizenship by descent if the applicant has an ancestor born in Poland and residing there post-1920, or earlier with valid proof of Polish registration.

Portugal

Portugal grants citizenship by descent to those born in Portugal to Portuguese parents or born abroad to Portuguese parents on official state business, with provisions for grandparents’ citizenship as well.

Romania

Romania offers citizenship by descent up to the third generation if the applicant has a parent, grandparent, or great-grandparent who was a Romanian citizen before 1940.

Slovakia

Slovakia allows citizenship by descent up to the third generation following recent amendments to the nationality law.

Slovenia

Slovenia offers citizenship by descent if the applicant has a parent or grandparent who is or was a Slovenian citizen, with applications required before the applicant turns 36.

Spain

Spain offers citizenship by descent to those with a Spanish parent, a grandparent whose citizenship was revoked, or Latin American citizens with a Spanish grandparent.

Sweden

Sweden’s citizenship by descent rules is stringent, generally requiring the mother to be a Swedish citizen, with specific provisions for naturalization through notification for citizens of neighbouring countries.

Switzerland

Switzerland grants citizenship by descent to children of Swiss nationals, with specific rules for children born to unmarried Swiss parents. In some countries, like Greece, Portugal, and Malta, parents must first hold citizenship before their descendants can apply. In others, like Croatia, this is not a requirement. Applicants should verify specific requirements for the country they are interested in.

Cyprus boasts one of the most favorable tax systems in Europe, offering numerous advantages to both individuals and legal entities that establish tax residency on the island. The influx of foreign capital significantly benefits the Cypriot economy, with many foreign investors relocating their business activities to Cyprus to capitalize on its low corporate tax rate of 12.5%, among the lowest in Europe. Investors can further reduce their effective tax rate to as low as 2.5% through notional interest deductions on new capital, while those dealing with Intellectual Property products benefit from the IP box regime. Additionally, individuals who become tax residents of Cyprus enjoy various tax benefits. For example, non-domiciled tax residents are exempt from income tax on dividend income, a primary income source for foreign investors, and from the Special Defence Levy for 17 years, which stands at 17% for Cypriots. Pensions from abroad are taxed at just 5% for amounts exceeding €3,420. Clearly, Cyprus offers substantial tax advantages that are hard to find in other European countries. However, there is an urgent need to modernize and holistically reform the tax system. A modern tax system must address several challenges: it should be fair, fiscally neutral, technologically progressive, and environmentally conscious, while adhering to new EU directives and OECD global rules. The anticipated tax reform should aim to maintain or enhance current incentives for foreign investors, ensuring Cyprus remains an attractive destination without depriving the economy of crucial tax revenues. Issues like digitization, profit transfers, and corporate tax base erosion also need to be tackled. Additionally, low-income earners and vulnerable groups, such as state pensioners and large families, should be considered. Raising the tax-free threshold to €25,000 would provide much-needed relief. Introducing taxes on environmental fees and pollutants could significantly contribute to addressing the environmental challenges faced by authorities. The role of the country’s financial authorities and legislative body is crucial in this reform process. They must draft the necessary legislation while assessing and mitigating any potential negative impacts on the economy.

Croatia has emerged as a prime destination for digital nomads, especially since pioneering Europe’s first Digital Nomad Visa (DNV) back in 2020, when many countries were still hesitant towards such initiatives. With its stunning beaches, relaxed lifestyle, and Mediterranean ambiance, Croatia has become a magnet for remote workers seeking a blend of work and leisure. However, the surge in popularity has driven up living costs significantly, influenced by Croatia’s adoption of the Euro and its shift away from Eastern European price standards. Forget the bustling and increasingly expensive destinations like Dubrovnik and Hvar, reminiscent of St. Tropez. For digital nomads, here are the top 4 most desirable cities to live in Croatia: Rijeka As Croatia’s third-largest city, Rijeka boasts a vibrant seaport with a strong Italian heritage. Its Old Town is adorned with Venetian-style buildings, a medieval cathedral, and an ancient Roman castle atop a hill. Rijeka is renowned for its work-friendly cafes, including the popular expat haunt Priroda i društvo, and offers a lively social scene typical of its youthful, university town atmosphere. It’s also more budget-friendly compared to the overcrowded Dalmatian coast, with living costs averaging $1,667 per month, excellent safety ratings, and a multicultural environment where English and Italian are widely spoken. Osijek Located near Croatia’s border with Serbia in the Slavonian region, Osijek is a cultural hub blending a laid-back town vibe with historical richness. Its Austria-Hungary-era Old Town features Croatia’s grandest Neo-Gothic cathedral, the Church of St Peter and St Paul, and a top-tier Museum of Slavonia. Osijek offers ample green spaces and car-free zones, ideal for relaxation after work. Living expenses here are notably lower, averaging $1,303 per month, covering accommodation and dining costs, making it an attractive “workcation” destination away from the Adriatic crowds. Cavtat In the serene Dubrovnik-Neretva County, Cavtat stands out as a quiet fishing village and a hidden gem away from the bustling Dubrovnik. With its tranquil marina and turquoise Adriatic views, Cavtat offers a peaceful retreat, especially in the evenings when day-trippers disperse. Although less equipped for long-term stays compared to larger cities, Cavtat offers affordable month-long Airbnb rentals, averaging $1,964 monthly, providing a picturesque setting for remote work amid Dalmatia’s charm. Zagreb As Croatia’s capital, Zagreb offers a vibrant urban experience distinct from the coastal regions. Known for its dynamic nightlife, modern skyscrapers, and a wealth of coworking spaces, Zagreb is a cultural hub with a walkable Old Town featuring unique museums and a towering medieval cathedral. Despite lacking coastal access, Zagreb attracts nomads interested in Croatian culture and social life, offering a more economical option than Dalmatian Croatia, with an average monthly cost of $1,644.

In this article, we explore the five easiest countries in Europe to get permanent residency without the need for investment. For a more detailed analysis, check out the 15 Easiest Countries to get Permanent Residency in Europe Without Investment. 5. Norway – **Labor Market Mobility:** 85 – **Family Reunion:** 58 – **Permanent Residence Certainty:** 71 – **Average Score:** 71.3 To qualify for permanent residency in Norway, EU/EEA citizens and their family members can apply after living in the country for at least five years. Non-European citizens must maintain valid residence permits for at least three years. Additionally, individuals aged 16 to 64 must pass exams in the Norwegian language and social studies. 4. Estonia – **Labor Market Mobility:** 69 – **Family Reunion:** 76 – **Permanent Residence Certainty:** 77 – **Average Score:** 74 Non-EU/EEA/Swiss nationals planning to stay in Estonia for over a year can apply for a temporary residence permit, which takes about two to three months to process. This permit allows them to live, work, and study in Estonia for up to five years. To qualify for permanent residency, they must have lived in Estonia for five years with a temporary permit, have valid health insurance, legal income, knowledge of Estonian culture and language (B1 level), and a registered address in Estonia’s population register. 3. Sweden – **Labor Market Mobility:** 91 – **Family Reunion:** 71 – **Permanent Residence Certainty:** 90 – **Average Score:** 84 Applicants with a residence permit in Sweden can apply for permanent residency after residing in the country for a certain period, usually at least four years. They must also demonstrate financial self-sufficiency and lead an orderly life. 2. Portugal – **Labor Market Mobility:** 94 – **Family Reunion:** 87 – **Permanent Residence Certainty:** 71 – **Average Score:** 84 Non-European immigrants must first obtain a temporary residence permit and live continuously in Portugal for five years. This permit allows indefinite residence and work in Portugal, given certain criteria are met, such as having a place of residence, financial stability, and basic Portuguese language knowledge. After five years, they can apply for permanent residency and potentially pursue Portuguese citizenship. 1. Finland – **Labor Market Mobility:** 91 – **Family Reunion:** 67 – **Permanent Residence Certainty:** 96 – **Average Score:** 84.6 To be eligible for permanent residency in Finland, one must have resided continuously in the country for four years with an uninterrupted residence permit (A permit). This means maintaining a continuous residence permit for the entire period and applying for extensions before the current permit expires. Additionally, applicants must have lived in Finland for at least two years within the last four years.

Relocating to a new country can be thrilling but often comes with significant costs and challenges. Fortunately, some countries offer financial incentives such as cash grants, free land, and tax breaks to attract new residents. These incentives aim to boost populations, draw skilled workers, or revitalize rural areas. This article highlights 20 countries that will pay you to move there, offering a range of benefits from the scenic villages of Italy to the landscapes of Thailand.
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In this article, we explore the top 5 countries where obtaining a residence permit is relatively straightforward. For a more detailed analysis, refer to our comprehensive list of the 16 Easiest Countries to Obtain a Residence Permit. 5. United Arab Emirates Minimum Investment Cost Rank: 21 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 13.4 The UAE, home to a large expatriate population, has long been attractive to investors and entrepreneurs. While citizenship pathways are limited, residency permits are accessible through various forms of investment such as public ventures, real estate, and company formation. The minimum investment can start from AED 500,000 (approximately US $135,000), associated with an accredited incubator, with processing times averaging about a month, making it one of the quickest routes to a residency permit. 4. Latvia Minimum Investment Cost Rank: 5 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 3.8 Latvia offers one of the fastest and most cost-effective residency programs in Europe. With a minimum investment of just €60,000 (approximately US $65,400) in a Latvian company that employs at least €40,000 annually, applicants can expect approval within 1-3 months. Successful investors must visit Latvia within three months to obtain a five-year residence permit. 3. Austria Minimum Investment Cost Rank: 3 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 2.6 Austria, known for its developed economy, presents attractive options for investors seeking residency. Through its Residence by Investment program, applicants must demonstrate €40,000 (approximately US $43,600) in liquid funds, own or lease a permanent residence, possess private health insurance, and show proficiency in German. Applications are typically processed within 1-3 months. 2. Thailand Minimum Investment Cost Rank: 2 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 2 Thailand’s Elite Residency Program is highly regarded among expatriates and investors looking to reside in the country. With options like the Gold Membership requiring a minimum investment of THB 900,000 (approximately US $26,000), applicants can secure a five-year privilege entry visa in just 1-2 months. 1. Montenegro Minimum Investment Cost Rank: 1 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 1.4 Montenegro, a rapidly growing economy, actively encourages investors and skilled individuals through an attractive residency program. While specific minimums aren’t stipulated, the program allows for investment in real estate or a legal entity. Requirements include establishing and registering a legal entity, opening a local bank account, and securing residential and office space. Operational costs for the company are estimated at €3,000 annually (approximately US $3,240).

Embracing La Dolce Vita

Picture waking up to the scent of freshly brewed espresso and the distant chime of church bells – welcome to your new life in Italy. This country is more than a destination; it’s an experience, a lifestyle. From the art-filled streets of Florence to the sun-drenched beaches of Sicily, Italy offers a life rich in cultural immersion and endless discoveries. Moving here, however, requires more than dreaming; it necessitates careful planning and an adventurous spirit.
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