The acquisition of real estate in Turkey today has become the most popular destination among Russians when it comes to investing in foreign square meters – while both new buildings and the secondary housing market are in demand.
Buying a home in the primary market
Buying property in Turkey at the construction stage today has become one of the most popular types of investments among foreign buyers – the price will be more affordable than if you invest in a finished object, and installment payment is longer. During construction, real estate in Turkey rises in price by 15-25%. After laying the foundation and building the frame, the developer submits an application to the cadastral office to divide the object into independent shares, that is, into apartments. As a rule, this happens when the property is 30-50% ready and after the developer receives TAPU for each apartment, Continue reading
Constantly rising housing prices in the French capital suggest that Paris is a classic that never goes out of style, so many buyers of foreign real estate always pay attention to local square meters.
The districts of Paris, as you know, are called districts, and each of them has its own history and buyers. If a person wants to buy an apartment and enjoy the classic Parisian life, go to the Flora cafe and drink coffee at the table where Sartre was sitting, then of course it’s worth buying in the 5th and 6th districts, where Americans and the British. This is the Paris that is familiar and loved from literature and cinema, where every street is saturated with history. Buyers from the Middle East prefer the Champs Elysees and the Golden Triangle, located between the 8th and 16th arrondissements, where there are many large apartments with an impressive area of 250 sq.m. Continue reading
According to the latest statistics, Italy is one of the few countries in Europe where, although not globally, there is a decrease in the value of real estate, due to which many buyers turn their choice to it. As elsewhere, there are taxes that will have to be paid once and annually to foreign homeowners along with Italian citizens.
Costs when buying a property
When buying property in a new building, an amount of 10% VAT is paid on the sale value of the property. If real estate is purchased on the secondary market, then the registration fee of 9% of the cadastral value of the object is paid, which may be significantly lower than the sale price. Provided that the foreign owner converts the purchased housing into rezidenza format within 18 months after the purchase (since he Continue reading