Spain launched its golden visa programme in 2013. An investment of €500,000 in real estate will gain family residency. The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years citizenship. It is not necessary to live in Spain in order to retain and renew the residency visa permit.
Investors in real estate in Greece must also budget for the additional taxes on real estate at 24%. However at €250,000 + taxes and fees (just over €300,000 in total) this programme offers the lowest cost residency in Europe. The Greek residency programme is relatively fast, taking around 40 days until a residency card is issued. There are also favorable family rules for dependents. Read more on the investor visa in Greece or for further details enquire here.