LONDON, April 1, 2021 /PRNewswire-PRWeb/ -- Interest in Residency and Citizenship through investment (Golden Visas) has increased significantly since the start of the Covid pandemic according to leading Investment Migration Consultancy La Vida.
New enquiries in the 12 months to March 2021 rose 12.3% while sales increased 43.9% over the corresponding period. La Vida has seen a significant rise in enquiries since the onset of the pandemic but critically those enquiries are of a far more serious nature resulting in clients proceeding with their plans according to La Vida CEO Paul Williams. "We're seeing far greater urgency from clients now who perhaps were previously hesitant or even not in the market at all for our services. Clients are saying "never again do we want to be exposed in that way whatever the next crisis brings". It's as if everyone just wants to move on and second citizenship and passports are a key part of their Plan B preparation despite the current travel restrictions".
Demand for investment driven residency and citizenship has shown strong growth over the last seven years with the market for inward investment into government programmes now estimated at over $20 billion worldwide.
In what is the largest analysis of its type to date in the Investment Migration Industry La Vida undertook a comparison based on over 30,000 enquiries on their website http://www.goldenvisas.com throughout the two-year period to March 2021.
The figures showed shifts in trend that reflect changing intentions and concerns from the pandemic. The requirement for a second citizenship remained largely unchanged with 76.7% (up from 75.8%) of potential applicants indicating this as their reason for enquiring on programme options. However the desire for a second residence to live either part time or full time rose significantly. Interest in a second residence for living part time climbed from 26.1% to 34.3% year on year.
Both Business and Education as reasons driving clients interest remained largely static over the comparative periods but one of the key shifts was that of the desire for a second passport for travel purposes. Despite the many restrictions that have hindered travel post-covid most clients, 52.5%, now indicate this as one of the main reasons driving their decision, up from 48.2% in the year to March 2020, pre-covid. Investment as a key reason has also seen a rise from 28.9% to 32.2%. Again reflecting investors' needs to both diversify geographically their investment base and to derive benefit by putting that investment to good use, usually by utilising governments' offers of residency and citizenship in return for inward investment into real estate.
La Vida has assisted clients in more than 100 countries around the world offering advice and solutions for residency and citizenship through investment in a choice of 18 programmes.
For further information contact Lizzie Edwards at [email protected] Tel: +44 207 060 1475.
Lizzie Edwards, La Vida Europe Ltd, +44 2070601475, [email protected]
SOURCE La Vida Europe Ltd