International resident property
Ten years ago, if you were looking to invest in a bolt-hole in a country where you could automatically qualify for residency, pickings would have been slim.
Today, more than 20 countries offer residency or citizenship through the acquisition of property. Growing wealth in emerging economies, coupled with growing ease of international travel, banking and communication, have fuelled demand for a new life in foreign climes.
For the countries in question, residency schemes are bringing a much-needed injection of capital into recuperating post-recession economies.
Last year, Portugal began offering fast track residency applications to individuals buying properties worth a minimum €500,000 (£414,844). The result has been 10,000-plus homes sold to foreigners to date.
The Maltese government also launched a new programme last year, to attract those keen to work or set up business on the island.
Meanwhile, the Spanish government is finalising its automatic residency programme for non-EU property investors who invest more than €500,000 (£414,844) in real estate.
New property-for-residency initiatives have also been rolled out in the past six months by Caribbean havens Antigua and Grenada, where a US$400,000 (£245,000) investment secures eligible applicants a new life in tropical climes.
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