The Real Cost Of A Golden Visa: A 2026 Comparison

UAE, Portugal, Greece, St. Kitts. We benchmark residency-by-investment programmes by property thresholds, taxes and time-to-passport.

The story is straightforward in outline and complicated in its detail. Over the past eighteen months the OLASOR desk has tracked a sharp rotation of private capital into a narrow band of trophy assets — a handful of branded buildings, a tighter still set of off-market trades, and a small group of jurisdictions whose policy framework has sharpened around the ultra-wealthy buyer.

What follows is a working brief: the data we are confident in, the judgement calls we are still testing, and the names of the developments where private clients should be paying attention before the next selling season.

The shape of the cycle

Prime is not a single market. It is a constellation of micro-markets — Palm Jumeirah, Emirates Hills, Knightsbridge, Cap Ferrat, Monte-Carlo — each with its own supply pipeline, its own buyer pool, and its own sensitivity to rates and currency. The headline figure rarely tells you what you need to know. The transaction-by-transaction picture does.

"We are not in a property cycle anymore. We are in a scarcity cycle — the inventory at the very top simply does not replenish."

What we are watching next

For the second half of the year the desk is watching three things: the next wave of branded launches in the Gulf, the re-pricing of European trophy assets after the summer, and the policy direction of two residency-by-investment programmes whose thresholds are quietly being recalibrated. We will publish a follow-up brief when the data hardens.

For early access to the off-market opportunity list referenced above, request an introduction via the Private Client Desk.