by David Lincoln, CEO of Lincoln Global Partners
For both investors and investment migration professionals seeking lucrative opportunities, the global real estate landscape presents key destinations poised for growth and prosperity. Here are the top five real estate markets demanding attention in 2024:
Dubai, UAE: Booming Real Estate Hub
Dubai stands as a beacon of opportunity in the investment migration realm. The UAE’s real estate market, especially in Dubai, has experienced significant growth and shows no signs of slowing down. The city’s futuristic skyline, coupled with business-friendly policies, attracts professionals looking to cater to the diverse needs of clients seeking opulent living and global connectivity. Notably, in some cases, investors can earn up to a 10% rental yield in Dubai. The UAE’s Golden Visa program requires a minimum investment of 2,000,000 AED, and the recent removal of the minimum down payment requirement is expected to further increase demand, making Dubai a prime destination for investment migration.
Greece: Post-Portugal Golden Visa Boom
Greece has benefited greatly with attention moving from Portugal to Greece following the closure of Portugal’s Golden Visa program. The Greek Golden Visa program, offering residency to property investors, fuels the real estate market’s boom. Investment migration professionals keen on European opportunities find Greece an enticing destination, combining rich history, Mediterranean allure, and Golden Visa benefits.
The minimum real estate investment in Greece for the Golden Visa program is set at 250,000 EUR excluding Athens, Thessolaniki, Mykonos and Santorini where the investment threshold was last year increased to 500,000 EUR. Greece may well increase the investment requirement once again this time all the way to 800,000 EUR so we anticipate another increase in demand as investors look to secure their golden visas before such changes.
Piraeus, a port city in Greece, has a particularly interesting real estate market which is experiencing a boom due to its proximity to Athens and eligibility at the 250,000 EUR investment mark. With beautiful marinas and promising returns, Piraeus offers investors an attractive option within the Golden Visa landscape. Many developers in Greece are offering guaranteed returns of up to 6% per annum, making it an attractive option for investors.
Spain: Commercial Real Estate Appeal
Spain’s real estate market, especially in commercial properties, presents compelling opportunities with commercial real estate poised for continued growth. The country’s vibrant cities, rich cultural heritage, and strategic location in Europe make it an appealing choice for investors seeking to diversify their portfolios. Madrid and Barcelona are particularly attractive for commercial and residential real estate investments, respectively. The post-Portugal Golden Visa surge has further elevated Spain’s attractiveness, offering residency benefits to property investors. The minimum investment for Spains Golden Visa is 500,000 EUR.
Hungary: Golden Visa Potential
With the introduction of Hungary’s new Golden Visa program, the country enters the spotlight for investment migration professionals. The program’s appeal, combined with Hungary’s central European location and diverse property market, makes it an intriguing choice for those navigating the evolving landscape of residency and citizenship by investment. Budapest’s real estate market, in particular, offers promising opportunities for investors seeking high potential returns. Hungary’s new golden visa program has a real estate investment minimum of 500,000 EUR for residential property and 250,000 EUR for investments made into real estate investment funds.
Brazil: Untapped Lands of Prosperity
Brazil presents a new frontier for investment migration professionals seeking untapped opportunities. The country’s vast and diverse landscapes, coupled with economic potential, position it as an emerging market for those looking to guide clients toward new lands full of prosperity. São Paulo and Rio de Janeiro are all attractive markets for residential real estate investments, with yields averaging above 7% in both cities. Additionally, the northeast region, particularly in cities like Maceio and Fortaleza, are experiencing a surge in tourism and real estate development. Moreover, Brazil has its very own Golden Visa program, where those that invest 1,000,000 USD can acquire residency, reduced to 800,000 USD for those that invest in real estate in the northeast of the country.
In summary, the top five real estate markets for professionals in 2024 offer a mix of established hubs and emerging frontiers. From the booming real estate scene in Dubai to Greece’s post-Portugal Golden Visa surge with high-yield guarantees, Spain’s commercial real estate appeal, Hungary’s Golden Visa potential with a focus on Budapest, and Brazil’s untapped lands, these markets provide a dynamic landscape for professionals navigating the complex world of investment migration.
About David Lincoln
David Lincoln is the CEO & Co-Founder of Lincoln Global Partners an international immigration and real estate consultancy firm specialising in investment migration. Lincoln Global serves clients throughout the Americas, Middle East and Asia and assists their clientele through their citizenship by investment, golden visa, digital nomad and economic means programs.
