Latvia and France
Most investors in overseas property choose one of two strategies: they buy the property at a low price and sell it in 1-2 years or invest in a steadily growing market and receive rental income for 5-15 years.
Strategy, in turn, determines the choice of the market. The international real estate broker Tranio studied the price dynamics in 40 cities of the world over the past 10 years and found out where it is profitable to buy housing for two types of investors in 2018. Continue reading
Rental rates for rental businesses in Europe have been falling for the past few years. According to a PwC study, Emerging Trends in Real Estate, in the eurozone, they dropped from an average of 6% in 2009 to less than 4% in 2017. Many investors have switched to redevelopment projects (they are also called value added projects), with which you can earn 10–20% per annum on invested capital.
The essence of such projects is that an investor or a group of investors acquire real estate in poor condition below market value, repair or rebuild the object and lease it or resell it to end customers at an elevated price. Continue reading
Non-residents of Greece pay real estate taxes at the same rate as the residents of the country.
The amount of tax when buying a property can vary greatly:
for new buildings, the construction permit of which was issued after January 1, 2006, the buyer pays VAT of 24% of the value of the object.
for real estate built before 2006, only the tax on transfer of ownership is valid – 3.09% of the value of the object. Continue reading