2018 is coming to an end and the Homes Overseas portal sums up the results of the year together with our experts in the foreign real estate market – readers are offered a selection of all key events of this year and their analysis.
What event on the foreign real estate market do you consider to be the main one for 2018 and why?
Julia Titova, Director of RENTSALE
– It is very difficult to single out one event or one change in the legislation that has had the greatest impact on the foreign real estate market. Perhaps the most striking milestone of this year was the events in the UK, in connection with which the flow of people wishing to have passports of Cyprus and Malta, permanent residence of Spain, Greece and Portugal intensified. The general bright trend is that, on the one hand, they have become tougher to control the income of Russians at home, on the other hand, they have begun to check Russians abroad much more seriously – when opening bank accounts, obtaining residence permits, permanent residence, citizenship. Continue reading
There are not many countries in the world where vacationing and acquiring real estate for Russians are inexpensive, especially when you consider the distance factor – maybe somewhere far away you can relax well, and housing is more than affordable, but you can’t run into far-off lands.
Another thing when it comes to three pillars in the world of Russian tourism: Turkey, Bulgaria and Egypt. If the situation with the first two countries is approximately clear, since information about these countries is constantly coming to the pages of the media, then the case of Egypt is not so simple. In connection with the coup in this country and the plane crash over the Sinai Peninsula for a long time, air communication between Russia and Egypt was stopped. However, from this year, Moscow-Cairo flights have gradually taken their rightful lines on the airport board. Continue reading
Investment in Germany – this phrase for most people sounds extremely harmonious, because who, if not the Germans, is associated with a pedantic approach to everything, coupled with very real guarantees of the coming day.
In addition, Germany itself is a country of effective investments, among which real estate investments occupy a special place.
Germany was able to turn itself into a plus even a refugee problem that frightened several years ago: due to the influx of new people, the growth in trade, food, increased demand for housing, and in the service sector, the number of jobs increased by almost 500,000 people. In addition, the influx of foreign personnel smoothed out such a negative demographic factor as an aging population. Due to the fact that the country continues to successfully develop in any situation, the interest in investing its funds among many foreigners, among which Russians are a very active audience, does not decrease. Most often, these are entrepreneurs from Russia with a certain amount of available funds, but professional investors are also found, although there are still not so many of them. Continue reading
Finland has always been famous as a land of dense forests, transparent lakes, clean air and peaceful silence; however, little is known about real life in this country now: after the Russian Empire as a result of the 1917 revolution lost the Grand Duchy of Finland, which eventually proclaimed its independence, those who knew the real situation in this territory significantly decreased.
And even after a century of experts in Finland is not so easy to find. The HomesOverseas.ru portal has prepared material on real estate in Finland with the involvement of the best specialists in this field.
The real estate market in Finland is, first of all, the domestic market, since the main buyers of local square meters are the inhabitants of the country. The share of foreign buyers now amounts to only 4% – 5,200 apartments out of 133,000. In principle, the current figures are close to the data of the peak year 2008, however, adjusted for the fact that ten years ago our compatriots bought more often cottages, and now interest has concentrated on residential and commercial real estate. Continue reading
Real estate and Mexico – this combination of words for the Russian ear sounds very unusual; the impressive distance from Russia at a distance of more than 10,000 km allows us to consider this country more likely for a rare vacation than as an option of “giving to the sea”, however this terra incognita is today one of the best countries for investing its funds in real estate for its subsequent lease or resale. Which certainly does not negate the excellent opportunity to live and relax in the country of wide-brimmed sombrero.
Foreigners have always shown interest in Mexico. There are always a lot of citizens of the USA, Canada, Italy, France, Germany, Czech Republic, Poland and many other countries. There are foreigners who live here for more than twenty years. The Russians “discovered” Mexico 5-7 years ago. Of course, they were present here before, but compatriots began to rest and acquire real estate only in the last five years. Continue reading