Updated

GL-A-07

Glossary · Real estate

Approved Property

Real estate approved by the state for a citizenship or residence by investment program. You cannot buy just any property, only one from the approved list.

Full glossary
listapproved properties only
titlemust be checked
termholding under the programme

01 / In 30 seconds

The short answer

What it is
Real estate approved by the state for a citizenship or residence programme
Where it applies
The real estate option in CBI and Golden Visa programmes
Distinctive feature
You can buy not just any property, only one from the approved list
What to check
The title, the developer, the property’s eligibility for the programme
Can you prepare
Yes: choose an approved property and check the documents

02 / In plain words

What Approved Property means

Approved property means properties the state has permitted to be used for obtaining citizenship or residence by investment. Many programmes have a real estate option, but you cannot buy just any house or flat — only one from the officially approved list, usually specific projects by approved developers.

The point of the restriction is to control quality and legitimacy: the state makes sure the investment goes into real, vetted projects rather than dubious deals. For the applicant it is both a protection (the property has been approved) and a constraint (the choice is limited to the list, and the price is often above market because of the “programme premium”).

The key when buying is the checks: title and land registry, the developer’s reputation, the eligibility of the specific property for the programme, and the mandatory holding period (usually 3-7 years, after which the property can be sold). A mistake here is costly: an unapproved property will not give status, and getting the money back will be difficult.

A case from practice

An investor chooses property for citizenship through the real estate option. The property is from the approved list of an approved developer. They check the title, complete the transaction through escrow and hold the property for the mandatory holding period. After that the property can be sold, while the citizenship remains.

Where approved property is needed

  • Citizenship by investment through real estate
  • A Golden Visa for buying a property
  • When keeping an asset matters
  • An investment that can be sold
  • Rental and income from the property
  • Combining status and investment

03 / What it covers

What matters about the property

01

List

  • Approved only
  • Approved developers
  • Specific projects
02

Check

  • Title and land registry
  • The developer’s reputation
  • Eligibility for the programme
03

Conditions

  • Holding period of 3-7 years
  • A sale is possible afterwards
  • A programme premium on the price
04

Protection

  • The property has been approved
  • Escrow in the transaction
  • The asset remains yours

04 / How it works

How to buy an approved property

Step 1

Choosing from the approved list

Step 2

Checking the title and developer

Step 3

A transaction through escrow

Step 4

Completion and filing

Step 5

Status obtained

05 / Key facts

What you need to know

01

Only property from the approved list qualifies

02

Usually these are projects by approved developers

03

The price is often above market because of the programme premium

04

A holding period is mandatory — usually 3-7 years

05

An unapproved property will not give status

Common mistakes

  • Buying a property outside the approved list
  • Not checking the title and the developer’s reputation
  • Not making sure the property qualifies for the programme
  • Ignoring the holding period
  • Completing the transaction without escrow

06 / Expert advice

Igor Vents

How to prepare in advance

Choose a property from the officially approved list and check in advance its title and land registry records, the developer’s reputation and the eligibility of the specific property for the programme. The transaction goes through escrow, with the money released after ownership is registered. Then the property both gives status and remains a protected asset.

What we do for you. We choose a property from the approved list for your budget and goal, check the title, the developer and the programme eligibility, and complete the transaction through escrow. That way the property both gives status and remains your protected asset.

Igor VentsHead of real estate, Title Deed and property checks

07 / Questions

Frequently asked questions

No. Only property from the officially approved list qualifies for the programme — usually projects by approved developers. Any other property will not give status.

The price often includes a “programme premium”: the property has been approved and gives a right to status. That is why the total is compared taking the future sale into account.

Yes, after the mandatory holding period — usually 3-7 years. Until then the property is held, since it is the basis of the status.

The title and land registry records, the developer’s reputation and that the specific property really does give a right to the programme. The transaction goes through escrow.

It costs more at entry but remains an asset that can be sold. A non-refundable contribution is cheaper but is not returned. The choice depends on the budget and goals.

The state or the programme’s authorised body. The list of approved projects and developers is published and updated.

Author: Igor Vents

Reviewed by: Sergej Evdokimov

Sources: Grenada CBI — the programme’s official agency

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Anna Kovalevskaya, lead lawyer at BRIDGES GLOBAL
Anna KovalevskayaLead lawyer, citizenship and residency, 12 years of practice