A crucial distinction divides a residence permit and a passport. Residency allows you to live in the country, usually subject to renewal, whereas full nationality generally takes a long period of residence.
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Last of all, many buyers underestimate the running costs. Tax filings can be required regardless of whether the property earns anything, and late filings lead to penalties that grow over time.
The most expensive mistake involves taking legal advice from the other side. The developer is paid only if the sale goes through, which differs from acting for you.
The basic idea is straightforward: a government offers a temporary residence permit to foreigners who commit a set amount in local real estate. The minimum investment is set very differently between countries, and legislators change it regularly.
One key point stands between a residence permit and citizenship. The permit lets you live in the country, usually with renewals, but a passport generally takes years of actual residence.