Foreigners have invested in real estate in Budapest a long time ago, including the Russians – most of those who purchased housing in the Hungarian capital more than five years ago now reap the benefits of their investments, since local property prices have doubled since then, and in some areas even several times.
Budapest is a popular tourist resort town, known for its unique architecture and thermal baths, high level of service and a variety of cultural programs. Also, the Hungarian capital boasts an excellent climate and environmentally friendly products. The city is famous for being a large student center due to the high level of education of world-famous local universities. Continue reading
Recent political events affecting the relations between Russia and Georgia have also affected the Sakartvelo real estate market, which, along with tourism, has been gaining more and more popularity every year among Russians.
Georgia, as you know, attracts with good business conditions, since small entrepreneurs pay almost no taxes, while Russian citizens can stay in Georgia without a visa and a residence permit for up to 360 days a year – it is not surprising that such conditions attracted a considerable number of people. With questions about whether it is worth worrying about the current situation for those who want to buy real estate in Georgia or already own it, HomesOverseas.ru turned to experts from the Georgian real estate market. Continue reading