01-20-25 ARI News PM

Today’s Story

With Spain proposing a 100% tax on homes purchased by non-EU citizens, retirees seeking overseas retirement options are exploring alternative destinations. Countries like Portugal, Greece, and Italy offer attractive climates, affordable living costs, and favorable visa programs for retirees. 

For instance, Greece provides a "golden visa" for investments starting at €250,000, granting residency rights. Similarly, Portugal's Algarve region remains a prime destination due to its political stability and appealing lifestyle. Retirees must consider local regulations, healthcare quality, and accessibility when selecting a new home abroad.

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Economic Tip

Before purchasing property overseas, consult with a local real estate expert and legal advisor to navigate the complexities of foreign property ownership and ensure compliance with local laws.