The Midwest real estate market this May is defined by its resilience, with many "value-hub" cities like Milwaukee outperforming national trends, While inventory remains tight, a gradual easing of mortgage rates into the low 6% range is beginning to unlock more listings. |
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I can now assist you with sales, purchases, or rentals in Illinois, Wisconsin and Indiana. Looking for housing elsewhere in the U.S. or beyond? Contact us to learn more about Engel & Völkers' global network of Advisors. |
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Residency & Visa Options Through Property Investment |
For many Americans considering buying real estate abroad, ownership is only part of the equation. The bigger question often becomes: Can I actually live there? The answer depends on each country’s residency and visa policies—and increasingly, property investment can play a key role.
Some countries offer what are commonly known as “golden visa” programs. These programs grant residency rights to foreign nationals who make qualifying investments, often in real estate. Countries like Portugal, Spain, and Greece have historically attracted American buyers through these programs, though requirements and benefits continue to evolve. In many cases, a minimum property investment—ranging from roughly $250,000 to $500,000 or more—can unlock residency privileges. Residency through investment does not always mean immediate citizenship. Instead, it typically allows you to live in the country for a defined period, often with renewal options. Some programs require minimal physical presence, making them attractive for buyers who want flexibility. Others require you to spend a certain number of days each year in the country to maintain status.
It’s also important to distinguish between residency and tax residency. Simply owning a home abroad does not automatically make you a tax resident, but spending significant time in a country might. This is a critical distinction for U.S. buyers, who remain subject to U.S. tax obligations regardless of where they live. Consulting with a cross-border tax professional is essential before making any decisions tied to residency. |
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We're sold our two Evanston flips! Working on two projects simultaneously — including our largest ever, a townhouse that required a full gut rehab — was quite the experience. But the team came through it with flying colors, and as always learned important lessons. Read more at Booker Builds. |
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Offered at $489,000
600 Kingsbury, Unit 906
Chicago, IL 60654 An exceptional investment opportunity in the heart of River North, Spacious 2-bedroom, 2-bath home. Rental rate of $4150/month, leased through June 30, 2027. |
Offered at $99,900 23901 W Grass Lake Road
Antioch, IL Land, no flood, zoned for residential building. |
Offered at $280,000 N3653 Grudgewille Road
White Lake, WI 54491 40 acres of land ready to build |
Did you miss last month's newsletter? |
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Engel & Völkers - Chicago North Shore
566 Chestnut Street 2nd Floor I Winnetka I IL 60093 224-420-0040 - Ellis 847.418.7318 - Erin erin.booker@evrealestate.com I erinbooker.evrealestate.com |
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