Digest

The median price for an existing home has reached a record high of US$391,200. Soaring prices and rising interest rates have brought about a decline in sales.

A Bill on Amendments to the Law on Foreigners has been submitted to the Montenegrin Parliament, aimed at drawing digital nomads to the country.

Foreign nationals can now apply for Saudi Arabia’s Premium Residency Visa using the new Unified National Platform for Visas.

According to German Interior Minister Nancy Faeser, in May the number of Ukrainian nationals seeking refuge in Germany dropped to 2,000 people a day.

The Dubai Council has announced plans to roll out new development projects in the emirate’s countryside in an effort to transform it into tourist destinations. The initiative was broadly welcomed by property developers who strongly believe that it will pave the path for multiple opportunities in the future.

According to the notaries’ association, Spanish home sales boomed in March, with 70,812 properties sold. In the first quarter of this year, the number of deals totalled 173,688. This is a 16% increase on last year and a 37% rise on the pre-pandemic year of 2019.

The Czech Interior Ministry has announced new financial criteria for foreign nationals seeking to obtain a long-term residence permit.

Digital nomads are offered increased opportunities to follow their interests. Argentina has joined the ranks of digital nomad-friendly countries and announced a short-term residence permit program set to come into effect on 20 May.

In April, Swedish immigration authorities issued 19,367 residence permits, which accounted for slightly over 33% of the total number of permits granted so far this year.