The cost of housing in Monaco has traditionally been very high for many years, but those who wish to purchase in the famous principality have not diminished – what is the reason for such significant success in the global real estate market?
Tiny Monaco is one of the smallest countries that is very densely populated. The fairy tale story of the Hollywood actress Grace Kelly, who became a princess by marrying the local ruler Rainier Grimaldi, the casino in Monte Carlo and the stage of the Formula 1 Championship of the Monaco Grand Prix, created these lands almost eternal glory.
Buy real estate in Monaco
The princedom received additional publicity in the media as a result of the investment activities of the Continue reading
Switzerland has long been synonymous with prosperity, neutrality and high prices – the country of chocolate, banks and watches has for many years attracted the attention of all countries of the world to itself and its success, periodically inspiring many foreigners to buy housing in this country. Let’s try to deal with the local tax system, which you will have to face when buying, owning and selling real estate in Switzerland.
According to the Swiss Federal Law on the purchase of real estate by non-residents, the sale of real estate to foreigners is carried out on the basis of annual quotas issued for each tourist region. In some cases, these quotas are fully used during the year, as a result of which a foreign buyer has to wait for the next year or longer (in some cases up to two years) in order to obtain a purchase permit. This provision Continue reading
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