| FOREIGN PROPERTY NEWS |
26.08.2011 Russians buy up property on Bulgarian Black Sea coast
19.08.2011 Despaired developers offer properties to authorities
19.08.2011 Cyprus authorities plan to increase property taxes
| Articles and Reviews |
21.12.2010 News and analytical reports of the week (13–19.12.2010)
15.12.2010 News and analytical reports of the week (29.11-05.12.10)
07.12.2010 News and analytical reports of the week (29.11 - 05.12.2010)
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Due to geographical vicinity and low housing prices, Bulgaria is a leader among Russian property buyers. A favorable climate, affordable cost of living, similarity of cultural traditions and opportunities for child recreation all speak in favor of this country.
In addition to the sun and sea, a well-developed infrastructure and high construction quality also speak in favor of Spain. Apart from the popular Costa Blanca and Costa del Sol, the declined prices have made more prestigious Costa Brava and the Balearic Islands available to the Russians.
Germany symbolizes the stability and safety of invested funds. Even the global economic challenges could not stagger this status. Russians highly demand German commercial property, especially in Berlin. Buying properties for recreation is popular in Bavaria.
A weekend in the Land of a Thousand Lakes has already become a way of life for many Russians. Not only the geographical proximity to Russia, but also untouched nature, developed infrastructure and high living standard make Finland one of the most popular countries among Russian buyers of overseas property.
Czech Republic is one of the most popular destinations among Russian buyers. Not only the special charm of Czech cities and world-famous spa resorts interest Russians. A convenient location and economic stability are among the advantages of the country.
All regions of Italy are different. You can buy a luxury apartment in the heart of Rome, an old mansion in Venice or an estate in the homeland of the Renaissance - in Tuscany. A spacious house on the Kamo Lake in the northern region or, on the contrary, a modest studio in an affordable Calabria in the south – can well become your purchases.
The advantages of buying a house or a flat in Turkey are a great climate, plentitude of beaches and relatively low property prices. The significant inflow of tourists allows property owners to raise money off rent.
Despite the relative immaturity of the market, Russians have managed to fall in love with this country. Year-round tourist season, comfortable climate, clean sea and well-developed infrastructure are the main advantages of the country. Besides that, local property prices are still low.
Formerly, house purchase in France was only affordable for affluent buyers. Currently local housing can be purchased at very intriguing prices. The selection is wide, and ranges from luxurious villas on the Cote d'Azur to small homes lost among the vineyards on the south-west of the country.
This country is extremely popular among Russians, despite the distance that divides our states. Such popularity is explained by low prices for top-quality properties. It can also be quite profitable to lease property almost everywhere throughout the country - whether in sunny Florida, busy New York or in sparkling Hollywood.
Latvia attracts the attention of Russian buyers not only because of the depreciated housing, but also due to its territorial proximity and the absence of language barrier. An apartment or a house in Riga and other Latvian cities can become not only a holiday home, but also a profitable investment.
Excellent climate, long holiday season, pristine clean sea, visa-free entry, similarity of cultural traditions - all these factors explain the Russians’ interest in this country. Property prices are relatively low compared with Western Europe.
Excellent Greek climate, tender sun and azure sea have long been loved by Russians. Properties here are of high construction quality and require low maintenance expenses. At the same time, experts consider it to be undervalued and forecast an increase the growth of local property prices.
Favorable climate, warm Mediterranean Sea, high living standards and the almost complete absence of crime have made Cyprus a popular destination among Russian tourists. The advantages of property are good construction quality and affordable prices.
Russians tend to buy apartments and villas on the shores of the warm sea in Thailand. Property on the Pattaya resort and on the island of Phuket, the main national tourist destinations are in special demand.
Due to its territorial remoteness, Dominican Republic is not so popular among Russians. Warm, comfortable climate and exotic wildlife are one of the country’s main advantages. Local property is cheap, and its purchase grants the owner a right to acquire citizenship.
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