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