Regardless of whether you’re looking to expand your business across Europe or buy real estate in some of its astonishing countries, some market research is bound to take place. The key things to look out for are the country’s laws, political situation, and economic conditions, among other factors. It’s essential that you take your time with this decision, as a wrong choice can take a toll on your business or leave you in a huge debt. Here is a list of some of the best European countries to invest in which will help you narrow down your search.
1. Spain
Spain is an ideal country for many investors for a wide range of reasons. First of all, this country is enriched with mesmerizing cities and beaches, which have turned it into a major tourist attraction. Generally, the cost of utilities in Spain is lower than in other countries of similar economic status. The real estate prices are quite reasonable, making it a viable place for investing in property. Furthermore, Spain is also a great choice in case your goal is to open a company or branch out. That’s because the cost of the workforce is lower than in many other European countries. Additionally, there is the Investor Visa Program, also known as the Golden Visa, which was introduced in Spain in 2013. This program allows non-EU investors to acquire residency.
2. The Nordic countries
According to the study conducted by the European Chamber in 2020, the Nordic countries are among the top countries to invest in businesswise, with Denmark, Sweden, Norway, and Finland taking the first four spots. These countries are politically stable and their employment rate is higher than in most countries. What is more, the average paychecks in Nordic countries are among the highest worldwide. While a more expensive workforce may make branching out in Nordic countries less than ideal, there are other reasons to invest. Investors agree that the Nordics have a stable market, which makes it a less risky option if you establish a proper plan beforehand.
3. Montenegro
If you’re looking to invest in real estate, Montenegro may just be the place for you. Although oftentimes overlooked, this sea-bordering country attracts a large number of tourists each summer. The advantage of choosing Montenegro for real estate investment is the fact that the property prices are very affordable, and in turn, you get a gorgeous view. Regardless of whether you’re looking to buy a beach house for yourself or for renting purposes, at Montenegro Prospects you can find Montenegro properties for sale by your needs. Their offers range from budget-friendly to luxurious, so you’re bound to come across a property that suits your preferences, as well as your budget.
4. The United Kingdom
What is different about the United Kingdom compared to the other countries on the list is the fact that the official language is English. That means that there would be no language barrier hindering your business dealings in any of the UK countries. Due to its well-developed educational system, ranking at number two worldwide in 2021, the UK offers a highly-competent workforce. That’s why this can be the perfect place if you’re planning to open a new branch of your company.
5. Germany
What qualifies Germany to be on this list is how accepting it is of foreigners. It’s been reported that in 2021, over 11 million foreign citizens resided in Germany. The German market is also very welcoming to foreign investors, making it a great option for various kinds of business investments. Not only that, but Germany is an internationally recognized economic powerhouse. Globally, Germany has the fourth-largest economy, and in Europe, it’s taken the number one spot. Not to mention, when it comes to the educational system, it follows the UK, ranking at number three. Adding well-established laws into the mix, this country is a paradise for investors.
Over to you
Hopefully, this list has given you some idea of which countries are favorable for investment. Once you’ve settled for a country, you need to do some more extensive research in order to select the most investment-friendly cities.