Those who can are making plans to ensure their “movement” will never be so limited again.

High-Net-Worth People Seeking Real Estate Investments in “Safe” Markets across Europe, the United Kingdom and US

After two years of travel being limited by the global pandemic, Jean Francois Harvey, global managing partner of Harvey Law Group, a Montreal-based international law firm that helps clients immigrate to new countries, said his clients are saying, “’Never again.’”


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Harvey continued, “During COVID, the only way to get into another country was to be a resident or a citizen.  Suddenly, people realize that to have only one residence or one passport is not the best.”

Newfound Demand for “Second” Options in Europe & Caribbean

Henley Global, a London-based firm specializing in residence and citizenship by investment, is seeing a total 46% uptick in inquiries each month from potential clients.  These inquiries are coming from…

  • 47% Canadians
  • 41% Australians
  • 31% Britons
  • 208% Americans

Dominic Volek, group head of private clients with Henley, said, We’ve always had clients out of the US, but more recently, it’s by far our single biggest jurisdiction of new clients.  It’s bigger than any individual emerging market.”

Countries Attracting New Citizens

Portugal’s Golden Residence Permit Program, a program that requires an investment of at least E500,000 or $568,230 in real estate or E350,000 in venture capital for residency, is among the most popular.  After five years of legal residency, investors can apply for citizenship.

Investors from China, Brazil and South Africa have been leading the demand but now, applicants from the UK and US are stepping up to the plate.

Other countries offer similar programs.  Spain has a seven-year path to citizenship while Italy has a 10-year path.  With an investment of E600,000, Malta offers a three-year residence period of alternatively, an investment of E750,000 offers a 12-month residence period.

Most Clients Want Multiple Options

Volek said, “I don’t have a client from the US getting just a single citizenship.”

Citizenship is possible in Caribbean nations for $150,000 or less and can take less than three months in the following places:

  • Antigua and Barbuda
  • Dominica
  • Grenada
  • Kitts
  • Lucia

(As we’ve written, high-net-worth Americans are taking advantage of the tax friendliness of its US territory Puerto Rico.)

Foreign Investors Looking to the US

On November 8, 2021, the day that US borders reopened, overseas investors began “inquiring” about US possibilities.

Ilyse Dolgenas, special counsel at Withers, a firm that assists high-net-worth clients with luxury real estate, said, “Foreigners don’t want to be late to the party.  They are in touch with their brokers and they are definitely shopping.”

British clients are mostly interested in countryside vacation homes and villas.  Investors from China, Vietnam and other Asian markets are more tempted by a property/pied-a-terre in places they know…high-density districts such as New York City and Miami.

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In addition to visa-free travel, these investors are looking to secure better educational opportunities and/or government-supported healthcare.

Thanks to Penta.

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