How many residence permits have Greece issued to investors in 2023 so far? The immigration service is not handling the workload: previously, applications were processed for up to two months, but now it takes at least three. The residence permit program brought Greece about 975 million euros in the first five months of 2023. This is almost three times more than in the same period last year when the investment amounted to 361 million …
How much does residential real estate cost in Spain? The property price depends on the region in which it is located. Meanwhile, the province's property cost may be times higher than in the central city. According to the Idealista portal, the average price of residential real estate in popular Spanish cities was the following in the first half of 2023: Real estate in Spain is a liquid asset: the properties grow in value yearly. For example, the average …
Where to buy property in Spain, and how to get a residence permit in 2023? Читать далее
The US passport is one of the most powerful in the world. It gives the right to visit 186 countries without visas, including the Schengen states and the UK. However, more and more Americans are getting residence permits in the European Union. Some even renounce US citizenship altogether. The noticeable outflow began in 2020 when 6,707 Americans gave up citizenship and moved abroad. This was a 237% increase year‑over‑year and also …
Growing number of US investors are moving to Europe Читать далее
Sales of resort properties in Portugal increased by 20% in 2022. Confidencial Inmobiliario, a data appraiser, provides the statistics. Investors buy real estate to spend Portuguese vacations in their own homes. They join the Golden Visa program to obtain a Portugal residence permit by real estate purchase. How many residence permits has Portugal issued to investors in 2023 so far 68 investors bought investment fund shares. This option became …
Italian municipalities periodically announce the sale of new properties for one euro. These are mostly old houses, but commercial properties, castles, and even abandoned lighthouses are also up for sale. If a buyer plans to use the property for tourist purposes, such as a guest house, they should mention it in the application. The municipality will then offer a specific property to them. The One Euro House in Italy program was …
What is known about the Greek hotel for sale The hotel is located on the picturesque island of Mykonos in the Aegean Sea. The island is called the Greek Ibiza: billionaires and celebrities, such as Leonardo DiCaprio and Cristiano Ronaldo, often spend holidays on it. The island's most popular tourist attraction, the 16th‑century windmills, is next to the hotel. Tourists also visit nearby ruins of Minoan buildings and ancient Greek churches …
Analytical agency MSCI has published a Portuguese commercial real estate market report, Portugal Annual Property Index. In 2022, the property profitability increased to 8% per annum: a 1.2% annual growth. Revenue increased following the commercial real estate demand growth and raised rent rates. According to CBRE Portugal, in 2022, the Lisbon office space market set a historical record: companies rented 272,000 square meters of offices. Lisbon is …
How did real estate investor income in Portugal grow in 2022? Читать далее
How much has been invested in 2023 The most popular investment option was purchasing real estate. In March 2023, program participants: The capital transfer option was the second most popular, resulting in 44 residence permits. In total, 386 residence permits were issued to the main applicants in the first quarter of 2023: 93 in January, 130 in February, and 163 in March. The families of the main applicants were granted 624 residence permits: 153 in January, 209 …
Portugal Golden Visa: how to get it in time and what to invest in Читать далее
Foreign property buyers who showed the most interest in the Greek market As revealed by the Greek Ministry of Finance, 44,490 users sent requests via Valuemaps over the January—February 2023 period. Of them, 3,500 potential buyers inquired from abroad, with four countries leading: Also, a reportedly significant number of users inquired from Japan. The most noteworthy spike in interest came in the period from September 2022 to February 2023. The Valuemaps app processed several million …
Many large IT companies also moved their headquarters to the island, contributing to the demand for commercial properties. According to local real estate experts, the number of foreigners who invested in real estate in Cyprus has doubled. How many properties were sold in Cyprus 2022 was a record year in terms of real estate sales over the past 14 years. Additionally, sales figures increased every quarter. The largest number of real estate properties …
How did the demand for real estate in Cyprus change in 2022? Читать далее
Property sales in Portugal €190,000 — the average residential property cost in the third quarter of 2022. This is the highest real estate price in Portugal in the last four years. For comparison, the average cost was €169,000 in 2021, €152,000 in 2020, and €146,000 in the pre‑pandemic year of 2019. Residential property costs increased in all regions of the country: the highest growth was recorded in the Azores and Madeira: +48% and +40%, respectively. The lowest rate is …
Dynamics of the Portugal property market in the 3rd quarter of 2022 Читать далее
Investors who want to participate in Dominica citizenship by investment (CBI) have been setting their eyes on the Residence of Secret Bay Dominica resort. They buy shares in the resort and get not only profit but also Caribbean passports. Secret Bay held its annual summit for partners and shareholders on November 10. The meeting was held at Jumeirah Beach Hotel in Dubai, UAE. Gregor Nassief, the proprietor of Secret Bay and founder …
93% of Dominica's Secret Bay CBI investors plan to keep their shares Читать далее
Sales of real estate. Since the beginning of 2022, the value and sales of UAE residential properties have been growing steadily: the total real estate transaction volume increased by 67%, and the average check by 168%. Analysts at Zoom Property Insights also note Dubai real estate prices increase. According to their report, apartment prices increased by more than 8,5%, while villa prices increased by 13%. Rental of real estate. In October …
Dubai properties have doubled in value over the year Читать далее
Features of Grenada real estate market Investors buy real estate only from the list of government-approved projects: Investors have the right to rent out their properties. When buying a share in real estate, rental income is guaranteed — usually from 3 to 6% per annum. At the same time, a management company is commonly engaged in the maintenance and renting of their properties. Investors do not have to find tenants themselves and monitor the condition …
How much does real estate in Grenada cost and is it profitable to buy? Читать далее
Residential property prices in Turkey are rising every year. This is confirmed by statistics from Eurostat and the Central Bank of Turkey. The Central Bank of Turkey also notes an increase in residential property prices, by 184,6% in August 2022 year‑on‑year. The highest price increase of 231,3% is observed in Antalya. In the largest Turkish city — Istanbul — prices increased by 210,8%. How the demand for Turkish real estate is growing 1,159,853 residential properties …
Turkish real estate prices rose by 199% year‑over‑year. To buy, or to wait? Читать далее
80—85% of real estate purchases in Greece were made by foreign buyers. They invested €788 million in the local property market in the first half of 2022. This is a 61% increase year-on-year, according to the Hellenic Central Bank. By the end of 2022, the expected amount of foreign property investments will reach €1,7 billion, surpassing the €1,45 billion of 2019. Who buys Greek real estate and why Most of the current property buyers in Greece are from German-speaking countries, …
Foreign real estate investments in Greece are up by 61% in the first half of 2022 Читать далее
Portugal residence permit program has been running since 2012. Investors are offered eight options, two of which are buying real estate: Immigrant Invest has its own real estate database in Portugal with verified properties. Among them, there are offers from regions with low population density and properties for renovation. We are looking into two new real estate projects: hotels in Lisbon and Evora. Investors …
Two new real estate projects in Portugal with a profit of up to €150,000 Читать далее
Confidencial Imobiliário is an independent statistical analysis company in Portugal that publishes the Portuguese Resorts Market Report twice a year. The real estate prices increase was facilitated by the lifting of movement restrictions within Portugal, as well as the opening of the country's borders to foreigners. Investors most often buy properties in the Algarve resorts. Real estate prices in the region are comparable to prices in large cities. Prices also depend on the location: …
Investors are increasingly buying property in Portugal resorts Читать далее
Residential property prices dynamics in the European Union and the Eurozone The increase in the average cost of housing over 12 years was 48% in the European Union. Housing prices in Estonia almost tripled — by 196%, and more than doubled in Hungary, Luxembourg, Latvia, Lithuania, the Czech Republic and Austria. Housing prices dynamics in the second quarter of 2022 Residential rental prices have been rising steadily since 2010. Over the past 12 years, …
How real estate prices in the EU countries changed in the second quarter of 2022 Читать далее
The Residences of Secret Bay is a boutique eco-luxury resort near Portsmouth, Dominica. It is surrounded by the Caribbean rainforest and consists of six secluded luxury villas overlooking the ocean and the nature island. In 2022, Secret Bay Resort won the prestigious World’s Best Awards by Travel and Leisure magazine — it was named No1 resort in the Caribbean, Bermuda, and The Bahamas. From the fourth quarter of 2019 to the second quarter of 2022, Secret …
In Portugal, a state program of residence permits by investment is in place. Participants of the program can buy real estate or investment fund units, support the culture and art of Portugal, transfer their capital to a local bank, start a company, or invest in scientific projects or businesses. The option to buy real estate is represented by two choices. Investors can buy a new property starting from €500,000 or a property worth €350,000 …
Lisbon hotel renovation: how to buy a share and get a Portuguese residence permit Читать далее
Andorra's Department of Statistics publishes data on the real estate market once a year: reports are based on results of the second quarter. Accounted for are the number of concluded transactions, as well as the real estate value under purchase and sale agreements. How much does real estate in Andorra cost In some cases, real estate costs may be different from the official version. The demand for real estate in Andorra exceeds the supply in the private …
Andorra's real estate prices increased by 10%. To buy or to wait? Читать далее
The value of Cyprus real estate has increased year on year. All types of objects have risen in price, but apartments - more than others by 8.09%. Private houses had the highest rent growth, +11.48%. These statistics for the 2nd quarter of 2022 were published by the RICS Institute together with the financial company KMPG. Limassol leads the way with 1,641 properties sold for 832 million euros. This is 46.5% of all transactions. The share of sales …
Cyprus real estate: how prices have changed in the 2nd quarter of 2022 Читать далее
Property sales in Dubai up 46% compared to 2021 In June 2022, 8.8 thousand purchase and sale transactions were registered for a total of AED 22.75 billion, or $6.27 billion. This is the highest volume of purchase and sale transactions in June since 2012. 60% of all registered sales transactions were concluded for the purchase of real estate in the secondary market. The rental market is growing: the share of new rental agreements is more …
Why Dubai Property Market increased by 1.5 times in the 2nd quarter of 2022 Читать далее
Grenada is a small island state in the Caribbean. It has long stark white sands and lush jungles, sinkholes and submarine volcanoes, conquistador-era buildings, and modern business complexes. In 2022 Grenada passports have already been issued to 119 investors and their 272 family members. Since the program's inception, around 5700 people have got citizenship. Real estate purchase is the most popular option among investors. …
What real estate to buy in Grenada to get a passport as well as money Читать далее
Reports on the sale of residential real estate in Turkey are published monthly by the Institute of Statistics: in the first six months of 2022, a total of 726,398 sales contracts were concluded. This is 31.4% more than in the same period in 2021. Istanbul, Ankara and Izmir are leaders in residential real estate sales among both citizens and foreigners. About 33% of sales contracts were concluded in these three cities. New home …
Foreigners are buying more and more residential property in Turkey Читать далее
How Saudi Arabia Attracts Investors The new agency is part of the national Saudi Vision 2030 program, which aims to: Invest Saudi is a portal that will be run by a new agency. The portal publishes all the information about the country's investment opportunities. Saudi Arabia allows foreigners to register a company in the country. A business license is issued within one day and based on the principles of fair and equal …
Saudi Arabia or the UAE — which country to choose to invest more profitably? Читать далее
Olhão is a small seaside town in the south of Portugal, in the Algarve. It is the largest fishing port in the region. Olhão is also popular with owners of yachts, boats and boats - it is open for navigation all year round. Four urban beaches in Olhão are marked with the Blue Flag for the purity of the sea water. Olhana is comfortable in summer and not cold in winter: the city is located in the Mediterranean climate zone. …
Yacht harbor opened in Olhão. How will this affect the real estate market in Portugal? Читать далее
In order to compile the House Price Index, Eurostat compares the prices of new and resale houses under sales contracts. This is the average figure for all EU countries. Dynamics of prices for residential real estate in the EU The average cost of residential properties grew until the end of the second quarter of 2011. Then the debt crisis began in the region, against the backdrop of which property prices fell. Since the beginning of 2015, the cost of residential real estate began to rise …
An application for Montenegrin citizenship can be submitted by investors over 18 years of age, who will pass a due diligence check and confirm the origin of funds. Applications are accepted until December 31, 2022, after which the program will be closed. What is known about the Breza hotel in Montenegro Location Kolasin Distance from airports 80 km from Podgorica160 km from Tivat Apartment area From 28 to 92 m² Number …
5-star hotel Breza in Montenegro: how to buy a share and get citizenship of the country Читать далее
How much is Greek property worth in July 2022 Real estate prices in Greece remain 20-25% lower than before the 2008 economic crisis. At the same time, several large construction and renovation projects are being implemented in the country with the involvement of foreign capital. Real estate experts believe that now favorable conditions for investing in Greek real estate. The cost of Greek properties depends on the type of property and its location. The most …
Property sales to foreigners in Greece up 74.8% in early 2022 Читать далее
The Central Bank of Cyprus publishes the Residential Property Price Index quarterly. The Cypriot market experienced difficulties between 2014 and 2020. Over the past two years, demand for real estate has grown, including among foreign buyers. But property prices continued to fall. The increase in average prices for Cypriot property was noted for the first time in the last couple of years. Residential property sales also rose, with Cyprus registering 23.8% more …
Real estate in Cyprus rises in price for the first time in 2 years. Buy or wait? Читать далее
Return on investment is the main advantage of options with the purchase of real estate. After 5 years of ownership, the investor has the right to sell the object. From January 1, 2022, Portugal has changed the cost of participation in the residence permit program for four options. Minimum investment increased by: The minimum transaction amount for the purchase of real estate remained the same, but the choice of objects was limited. What kind of property can be bought under the residence permit …
Investors can again get a residence permit in Portugal for the purchase of real estate Читать далее
Grenada has a citizenship program for investors. Program participants make a non‑refundable contribution to a government fund or purchase government‑approved real estate to obtain a passport. The list of properties is periodically updated and published on the program's official website. real estate projects are popular with investors. For example, in the Six Senses La Sagesse hotel, investors have already bought out all the shares. In the summer of 2022, Grenada announced the construction of a new project, …
New InterContinental hotel in Grenada: how to buy a share and get citizenship Читать далее
How the demand for real estate in Dubai is growing Luxury housing prices in Dubai increased by 44% in 2021, according to a report by Knight Frank. The rise in house prices continued into 2022, with property values up 7.5% in May, according to a Reuters survey. Demand for property rentals increased by 40% on average in the first quarter of 2022. Betterhomes said rental prices for villas increased by 64%, apartments by 33% and townhouses by 25%. Income from the rental of real estate …
5 luxury real estate investment projects in Dubai Читать далее
The tender for the construction of the City of Dreams resort was won by the Chinese company Melco International Development Ltd. The construction work is carried out jointly with the Cypriot corporate group CNS, which owns the land. The casino is located next to Lady’s Mile, one of the most famous beaches in Limassol. The road to the city center takes about 10 minutes by car. You can see what City of Dreams will look like on the official …
The Azores are the region with the lowest home prices. The average cost of residential real estate there is €1,149 per m². However, prices rose by 3.7% in May, more than in any other region of Portugal. Lisbon remains the city with the highest housing prices at €5,011 per m². Lisbon is followed by Porto and Funchal, where property costs €3,057 and €2,308 per m² respectively. In Braga, Viseu and Beja …
The dynamics of property prices in Portugal in May 2022 Читать далее
Moon Gate Hotel & Spa is a real estate project approved by the government of Antigua and Barbuda for the citizenship program. Investors can purchase apartments in shared or full ownership. The cost of the share will be from $200,000. The price for full ownership depends on the room type. Available properties in Moon Gate Hotel & Spa Room type Square Investments Standard 47 m² $250,000 Premium class 56 m² $400,000 …
Larnaca is the third largest city in Cyprus and the main transport hub of the country. The city has an international airport and seaport. For several decades, the Cypriot government has been planning to renovate the port of Larnaca: to increase the territory, build new berths and service stations. The tender for the reconstruction of the port was won by the Cypriot‑Israeli company Kition Ocean Holdings. They will manage the port and marina for 40 years, while …
Real estate specialists Immigrant Invest also note an increase in demand for apartments and villas that can be bought in Portuguese resorts. Most often, investors buy housing in the Algarve resorts: in the municipalities of Albufeira, Loulé, Faro and Lagos. Why investors buy property in Portugal Wealthy people buy property in the Algarve for themselves and to rent out. Housing in the region is often rented by tourists and residents from other …
Property sales in Portugal's resorts are up 70% in 2021 Читать далее
The cost of real estate in Podgorica. The most expensive housing in the capital of Montenegro is located in the municipalities of Podgorica I and Podgorica II, which include, among others, the districts of Preko Morace, Block 6, Gorica. In 2021, the average cost of housing there reached up to €1683 per m² in new buildings, which is almost 7% higher than in 2020. The cost of objects in the secondary market averaged €1150 per m². Real …
Property prices in Montenegro increased by 7% in 2021 Читать далее
The transaction took place on May 5, 2022 in the presence of representatives of the real estate agency Zome, the law firm Antas da Cunha ECIJA, the Swiss company Crypto Valey and the chairman of the Portuguese notary office. The opportunity to buy real estate for cryptocurrency appeared in April 2022. Portuguese notaries were allowed to conduct transactions 100% by transfers in cryptocurrency. Previously, it had to be converted into euros first. In order for the tax service not to consider …
Investors buy property in the Caribbean to participate in citizenship investment programs, as well as to receive rental income, live or vacation on the islands at any time. Five profitable properties in the Caribbean Dominica: share and villas at Secret Bay Five-Star HotelCost — from $208,000 Profitability — 3% The hotel is located 50 meters from the Atlantic Ocean. For guests on its territory there are three secluded beaches, a spa-salon, an open-air restaurant, a swimming pool, …
5 profitable real estate projects in the Caribbean in 2022 Читать далее
The Algarve received 86 Blue Flag awards in 2022, more than any other region in Portugal. The Blue Flag was awarded to 82 beaches and four marinas - in Lagos, Portimão, Albufeira and Vilamoura. The Algarve is an almost continuous strip of beaches that stretches from east to west from Monte Gordo to Lagos. The main resorts are located in Albufeira, Portimão, Vilamoura, Quarteira, Vale do Lobo, Quinta do …
The best Blue Flag beaches and properties in Portugal in 2022 Читать далее
The Institute of Statistics in Turkey published a report of sales of residential real estate: 320,063 houses and apartments were sold in the first quarter of 2022. This is 21.7% more than in the same period last year. Most of real estate — 134,170 objects — were sold in March. Demand rose by about a third compared to February. The reason is that the inflation rate in the country reached 60% in March. 94,437 objects were purchased on the primary …
When compiling the House Price Index, or HPI, Eurostat takes into account changes in prices for primary and secondary housing under sales contracts. This is the average figure for all EU countries. Housing prices in the European Union rose until the end of the second quarter of 2011. Then the cost of housing fell against the backdrop of the European debt crisis. By 2015, the situation had stabilized: housing prices in the European Union began to rise. Rental prices …
Residential Property Prices in The EU Countries Increased by 10% in 2021 Читать далее
The highest real estate prices are recorded in Lisbon and Porto. The average cost of buying a home in the center of Lisbon is 4850 € per m², in Porto — 3400 €. Despite the high prices, almost 60% of real estate transactions are concluded in these cities. Lisbon, Porto and the Algarve have the highest rental prices. In Lisbon, the average monthly payment is 1265 € for real estate in the city center and 865 € in other areas, …
How the real estate market in Portugal has changed in Early 2022 Читать далее
The Department of Lands and Surveys of Cyprus analyzed the sales of real estate for 2020 and 2021. Sales by cities of the country and the number of transactions for the purchase of houses, apartments, commercial buildings and land were taken into account. Demand for real estate in major cities of Cyprus. Most of the properties were sold in Limassol: 3339 sales contracts were registered in 2021. But in terms of annual sales growth — 35% — Limassol is only in second …