without a visa
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
Veneto is one of the richest and most popular regions of Italy, where not only local residents, but also foreigners seek to acquire real estate – that’s why the housing market has survived even during the crisis.
After the onset of 2008, the cost of Italian housing fell sharply, mainly due to the global financial crisis. According to the European Central Bank, real estate prices fell by about 17.5% (including inflation by 25.1%) from the 3rd quarter of 2008 to the 4th quarter of 2017.
However, now there are promising signals of a gradual recovery of the Italian real estate market in the near future – for example, in 2018 Italian real estate fell by only 0.4%, the number of transactions continues to grow steadily. At the same time, housing prices in cities are already starting to rise, while in rural areas they are still falling. Continue reading
Romania is a kind of terra incognita not only in the European real estate market, but also in the field of tourism – except for the Black Sea coast of Constanta, Dracula’s castle in Transylvania, Gypsies, Ceausescu regime and the legendary Negresco hotel in Nice, named after its Romanian founder, – little is known about this country.
Romania in 2007 became part of the European Union, but so far has not joined the Schengen countries. True, news feeds report that in order to enter the Schengen zone, the country needs to fulfill a number of EU requirements, and this issue will have to be resolved in the foreseeable future. A similar situation is now with Bulgaria and Croatia, where it is also necessary to make national visas for entry, however, if the passport has multiple “Schengen”, then all three countries can be visited without problems. Continue reading