Hungary Abolishes Real Estate Option in Golden Visa Program
Hungary’s recent decision to terminate the real estate investment option from its Guest Investor Program (GIP), often referred to as the Golden Visa Program, marks another significant shift in Europe’s approach to investment migration. Effective before January 1, 2025, this move highlights ongoing concerns surrounding housing market pressures and the socioeconomic impact of investment-driven real estate acquisitions. As Hungary joins countries like Portugal in curbing property purchases as a pathway to residency, this development underscores a broader European trend toward reforming Citizenship by Investment (CBI) and Residency by Investment (RBI) programs to ensure sustainability and equity.
Demand for a “Plan B” Passport Grows Among Americans
A growing number of Americans, particularly high-net-worth individuals (HNWIs), are re-evaluating their life goals and looking beyond the traditional concept of the American Dream. This shift towards investing in a “plan b” passport is fueled by a combination of factors, including political and economic instability at home, a desire for new cultural experiences and a higher quality of life, and the pursuit of financial benefits and opportunities.
Trump’s Re-Election Spurs Urgent Interest in Investment Migration Among Americans
In a polarized landscape where ideological divides seem wider than ever, many Americans find themselves questioning the future trajectory of their country and whether they should consider investment migration. With Donald Trump reclaiming the presidency against Kamala Harris, Americans are once again witnessing a dramatic political pivot.
