Athens infrastructure: how will new projects change urban logistics and real estate investors?
Greece's economy is recovering from the crisis. According to the National Statistical Service (ELSTAT), after an eight-year recession in 2017, Greek GDP grew four quarters in a row. One of…

Continue reading →

Effective dlp in business
Residential real estate market in Hungary: time to buy
Hungary is located on the border between Eastern and Western Europe. The level of wages here is lower than in most EU countries: according to the Statista portal, only 6.7…

Continue reading →

4 reasons to buy an apartment in Greece
48% of respondents consider the prospects for investment in the Greek real estate market in the next five years to be good or excellent - a survey by NAI Hellas…

Continue reading →

Protests in Iran could trigger an increase in demand for property abroad

Great Britain
“Over the past two years, after Obama eased sanctions against Iran, there are more Iranian clients in the UK market,” said Yevgeny Tripuk, broker of the British financial company Arc & Co. – However, banks are in no hurry to lend them. As a rule, funding is available to those who have a second citizenship or are resident in another state. But even in such cases, banks usually ask for confirmation that the client does not have income and assets in Iran itself, that is, the cash flow has nothing to do with this jurisdiction. ”

According to the London real estate agency Rokstone, usually Iranian citizens are interested in real estate worth from 1 million to 30 million pounds sterling in such prestigious areas as South Kensington, Mayfair, Knightsbridge, St. John’s Wood and Hampstead.

Canada
In 2017, the United States banned the entry into its territory of citizens of eight countries, including Iran. This is partly why many Iranians choose Canada adjacent to the States, which, although it has closed the Iranian consulate in Ottawa, does not restrict the entry of Iranian citizens into its territory.

“Toronto has a lot of investors from Iran. Approximately 65,000 Iranians live here, almost two-thirds of the diaspora living in Canada. Demand for real estate from their side is high – the second largest after China, – says Natalia Sheiman, a representative of Royal LePage Your Community. – Iranians invest in different real estate, depending on the possibilities. Construction is especially popular: they often buy an old house with land and build a new one in its place. ”

Turkey
According to the Institute of Statistics of Turkey, in 2017, Iranian citizens made 792 real estate transactions in Turkey (3.5% of the total number of foreign purchases), which is 19% more than in 2016. However, according to Maria Zhary, head of the Turkish direction Tranio, over the last month the demand for Turkish property from the Iranians has not changed. “A year ago, due to political instability in Turkey and the subsequent reduction in the number of buyers from Russia, Turkish brokers were happy to cooperate with alternative markets, including Iranian ones. And now, when the situation has leveled off, most agencies rely on Russian-speaking clients. This is due to the specifics of buyers from Iran: often the transaction does not reach a logical conclusion or in the process there are any complications, – says Maria Zharaya. “In Turkey, Iranians prefer apartments with 2-3 bedrooms costing up to $ 100,000 in complexes away from the sea.”
According to Knight Frank, the number of dollar millionaires in Iran from 2016 to 2026 will increase by 40% to 48.4 thousand people. They will all need a reliable tool for saving funds, which could be real estate abroad. According to Rokstone forecasts, over the next 5–10 years, Iranian buyers with a fortune of $ 30 million will spend about $ 8 billion on overseas facilities.

Property Maintenance in Germany
The cost of maintaining a property in Germany consists of taxes, insurance and utility fees. The average amount varies depending on the federal state: for example, in Bavaria, maintenance of…

...

“I achieved my goal”: an interview with a Tranio client a year and a half after buying a profitable apartment in Budapest
In 2016, a lawyer from Kiev Roman, with the help of Tranio, bought a profitable apartment in Budapest - he told us about the search and purchase procedure in the…

...

How the size of the capital and the behavior of owners of foreign accounts: the study of Tranio and Adam Smith
Russia joined the agreement on the automatic exchange of financial information (Multilateral Competent Authority Agreement, MCAA), and at the end of December 2017 the OECD published a list of countries…

...

Greece News Digest: Light at the End of the Tunnel
Tranio experts are confident that now is the best time to buy Greek real estate, as prices have reached bottom and are ready to grow (according to the Bank of…

...