“Golden Visa”: who and where gets a residence permit for investment
The general principle of operation of any “golden visa” program is simple: a foreigner invests a certain amount in the country's economy in exchange for resident or citizen status. Today,…

Continue reading →

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…

Continue reading →

Non-traditional effect: how does the LGBT community affect the value of real estate?
Where to look for real estate, which will definitely rise in price in 10–20 years? There are dozens of theories by which analysts are trying to predict price increases in…

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.

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…

...

How to get Greek citizenship?
Greek passport provides free access to 174 countries of the world. Its owner gets the opportunity to live, work, travel, study, buy real estate and conduct business in any country…

...

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…

...

Expansion history: how Airbnb is changing the global real estate market
The idea of ​​Airbnb was born in 2007: then in San Francisco the recent graduates of the Rhode Island Design School, Brian Cesky and Joe Gebbia, had nothing to pay…

...