Costa Blanca: cheap real estate on the white coast of Spain
Alicante is the most popular province in Spain with foreign property buyers. According to statistics from the Board of Registrars of Property (Colegio de Registradores de la Propiedad, Bienes Muebles…

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Mortgage in Spain
When buying a property, it is not always possible to pay immediately, therefore, mortgage lending is often used in transactions. Another important plus of mortgage lending is the ability to…

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The procedure for the purchase and registration of real estate in Greece
To buy property in Greece, it is enough to come to Greece once. The purchase process includes 7 simple steps.                     …

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Latvia and France

Best cities for investment: where to buy real estate in 2018

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

Buy, repair, sell: how to make money on redevelopment in Europe

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

Property taxes in Greece

Non-residents of Greece pay real estate taxes at the same rate as the residents of the country.

Purchase
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

Mortgage in Greece
Although the formal issuance of loans in Greece is not prohibited, in practice, banks do not issue loans to either local or foreign property buyers. The exception is the large…

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The Bank of England raised the base rate to 0.75% - how will the real estate market react?
On 2 August, for the first time since November 2017, the Bank of England raised the base interest rate by 25 basis points to 0.75%. This is a record rate…

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Investment Instruments: How to Get High Yield in Europe
Investors often compare real estate in Europe with other profitable instruments - government bonds and bank deposits. Government bonds are one of the main instruments of saving funds for wealthy…

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Mezzanine loan and equity partnership: pros and cons
Investors can invest in value-added projects (construction or renovation of real estate) in two ways: - Providing a mezzanine loan (mezzanine financing): the investor gives the developer a loan in…

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