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
Acquisition of real estate in exotic places is increasingly characteristic not only of wealthy people, but also for those who previously considered the issue of buying housing in Europe, then switched to the colorful Asia in the person of Thailand, Vietnam and other popular destinations, and then opted for Indian Ocean and Seychelles.
Seychelles is primarily notable for the fact that there are many of them – more than a hundred objects, although only 33 of them are inhabited so far. And this is undoubtedly an advantage – the real estate market and infrastructure have room to grow, while there is even the opportunity to prove oneself especially active and talented. Continue reading
The cost of housing in Monaco has traditionally been very high for many years, but those who wish to purchase in the famous principality have not diminished – what is the reason for such significant success in the global real estate market?
Tiny Monaco is one of the smallest countries that is very densely populated. The fairy tale story of the Hollywood actress Grace Kelly, who became a princess by marrying the local ruler Rainier Grimaldi, the casino in Monte Carlo and the stage of the Formula 1 Championship “Monaco Grand Prix” have created almost eternal glory to these parts.
The princedom received additional publicity in the media as a result of the investment activities of the Greek tycoon Aristotle Onassis, which gave a significant acceleration to the economy through the expansion of the princedom, the construction of the port and the entertainment industry. Continue reading