Despite the fact that over the past few decades, many of our compatriots have moved to Israel for permanent residence, the situation on the local real estate market is still not very clear – they rarely write about details.
Real estate in Israel costs impressive amounts – this is often forgotten when ratings are made for the most expensive square meters in the world. At the same time, even though Israel is participating in hostilities – in connection with which the local real estate market periodically changes from a dynamic state to a slow one, this does not prevent the country’s government from systematically investing in the development of all areas of the state, both for local residents and tourists.
For example, this year, another international airport is planned to be opened in the popular Eilat seaside resort for tourists from around the world, new housing is being actively built in the country, hotels of international chains are opening, etc. Continue reading
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