US citizens expressing their eventual interest in moving abroad specifically as they seek alternatives to life under US President- elect Donald Trump. According to New York Post, immigration law firms have reported a surge in inquiries about residency and citizenship options while many people are considering real estate investments as a pathway to secure residency in foreign countries.
New York Post reported that the countries which are offering ‘golden visas’ linked to real estate investments are becoming increasingly popular with passing days. These programs actually allow individuals to gain residency by purchasing property, while that can be often at lower prices than comparable homes in the US.
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For instance, the country Panama only requires a minimum investment of $300,000 while the threshold of Malta is only around $628,200. Other notable countries like Cyprus and Northern Cyprus have even lower entry points or no minimum investment requirements at all.
Numerous experts are advising potential expatriates to conduct thorough research and seek legal guidance when navigating the complexities of buying property overseas, asserted New York Post. While golden visa programs can be really appealing, some nations have totally discontinued them due to concerns about local housing markets being affected by foreign investments.
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