Comparison of Real Estate Residence Permit Programs

Comparison of Real Estate Investment immigration Programs: Greece, Cyprus, Spain, Portugal

GREECE CYPRUS SPAIN PORTUGAL HUNGARY
“Bonds”
Schengen Country  Yes No Yes Yes Yes
Free travel
to Schengen Area 
Yes (Schengen) No (Not-Schengen) Yes (Schengen) Yes (Schengen) Yes
EU Country Yes Yes Yes Yes Yes
EURO(€)Zone Yes (EUR €) Yes (EUR €) Yes (EUR €) Yes (EUR €) No (HUF)
Minimum
Investment (in Euro) 
250,000 € 300,000 € 500,000 € 500,000 € ~300,000 €
Total (1)
Compulsory
period of staying
No Yes No Yes
Minimum
period of staying
No No 7 days 1st year / 14 days the following 2 years
Initial
Residence Permit
5 years 1 year 1 years 5
Renewal period Every 5 years 2+2 years Every 2 years Every
5 years
Number
of Revisits
None Once every 2 years  Once every 2 years Once 1st year / once the following 2 years
Minimum
Bank Deposit
No Yes / 30,000 €
Minimum
No of Properties
No  Yes  –
Issuance of
Title Deed 
Usually less than 7 days  May take longer than other EU countries
GREECE CYPRUS SPAIN PORTUGAL HUNGARY
“Bonds”

Note: We believe the information in the comparison to be reasonably reliable but we do not guarantee its accuracy. Consumers are solely responsible for verifying the claims. If there are any inaccuracies please contact us. For better understanding of the differences between real-estate immigration programs we recommend readers to directly refer to the countries investment immigration laws.

{1} Hungary Residence permit program involves buying government Bonds with 0% Interest Rate. The total cost is calculated as: 250,000€ Bonds + 40,000€ Government Fees + (~10,000€ ) Agency Fee = ~300.000€ of which only 250,000€ the investors can claim after 5 years. The actual value of funds returned after 5 years is estimated to about 215,000€ due to inflation ( estimate 3%/year inflation )