The Investment Migration Knowledge Platform
Following the Cypriot citizenship by investment program’s introduction of a €150,000 donation requirement in May, luxury property sales in Cyprus have taken a hit.
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The troubles that came to light in Saint Kitts’ CBI real estate sector this year appear to have subsided. What’s been done to prevent future instances?
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Not only is corporate tax 76% lower on the island; real estate prices are still well below their pre-crisis peak, writes economist Miguel Pinto-Correia.
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Mohammed Asaria, Managing Director of Range, describes the project as “transformative” and vows to make La Sagesse “the second tourism capital in Grenada”.
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It’s not a security issue and it’s not a moral issue. But it certainly is a PR headache.
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During a panel discussion at the Investment Migration Forum in Geneva last week, CIU-heads and agents exchanged views on how to ensure the integrity of CBI real estate. The chairman of CIPA, furthermore, indicated a regional CBI-regulator could soon become a reality.
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Moldova’s CIP is about to launch its real estate investment option, priced at 250,000 regardless of family size. Off-plan investments are ineligible, and all sales agreements are subject to independent evaluation.
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CBI real estate doesn’t necessarily have to come with beach cabanas and fruity cocktails; For Montenegro’s upcoming citizenship program, the probable location of its first approved project is a quiet mountain town.
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The IMF also noted a strong economic recovery in Dominica, attributing much of it to investments in hotels scheduled to open this year.
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Hundreds of investors unable to sell on their CBI real estate shares is a PR nightmare waiting to happen, writes Gareth Brookes.
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While prominent industry commentators laud the introduction of a skin-in-the-game requirement, some Grenadian developers say the government’s definition of “skin”
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We’ve collected data on all the approved CIP real estate projects in the Caribbean. Here’s the final tally.
Read moreWelcome to CBI Real Estate Watch, the unique, community-driven platform for keeping track of the approved projects of citizenship by investment programs.
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Ernest Hilaire, a prominent opposition MP in Saint Lucia, asks how Galaxy Developers got approval to be a developer under his country’s CIP considering its inability to finish the Ramada project in Saint Kitts.
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Following unconfirmed reports last week, Range Developments has today officially announced that it will be developing several projects in Grenada’s
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In a follow-up circular to this week’s announcement that the Grenada Citizenship by Investment Programme had lowered its real estate investment requirement to US$220,000, the program’s CIU makes it clear that the practice of discounting CBI-real estate will not fly in Grenada.
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In a rule-change gazetted today, the Government of Grenada announces that the minimum investment requirement for the real estate option of the country’s citizenship by investment program is reduced from US$350,000 to US$220,000.
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Government incentives, unbeatable prices on prime property, visa-free travel, and access to a fast-growing Eurasia market are just some of the reasons investors have fallen for Turkey’s CIP.
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In a statement released yesterday, the Prime Minister’s Office in Grenada informs the public of a series of substantial changes to the country’s Citizenship by Investment Programme.
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“Of course, I’m disappointed and sad that this issue has come to the public attention,” said Bayat during an interview with IMI at the Investment Immigration Summit in Dubai this weekend.
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