Marina Filichkina

Citizenship by investment will require supporting documents, a residence permit and an investment certificate from the relevant ministry. So in the case of citizenship by investment in real estate, a certificate of conformity from the Ministry of Environment and Urbanisation must be attached to the application.

To obtain this certificate, you will need a certificate of ownership (TAPU) and a certificate of conformity of the investment from the Banking Regulation and Supervision Agency.

Source: «Turkish citizenship: how to get a passport in 2026», 31 July 2024

A foreigner may extend their residence visa if the conditions under which they obtained residence are preserved. For example, if the real estate is still owned by the investor or if the entrepreneur continues to run his or her business.

Source: «UAE Residence Visa in 2026», 22 Dec. 2022

About 80% of all Tranio clients who bought their properties remotely in 2021 were looking for golden visas or golden passports.

Source: «Transnational real estate investment: 2021 year-end results of Tranio’s survey», 30 June 2022

All Tranio partners note increased interest from local buyers. Some of our partners targeting only foreigners before have now started to work with local clients as well.

It is still difficult to travel to other countries, yet money has to be invested somewhere so investors can tap into their local markets.

Source: «Transnational real estate investment: 2021 year-end results of Tranio’s survey», 30 June 2022

Judging by the number of enquiries from our clients, Germany, Greece, the Czech Republic, as well as Spain, Italy and France are the most popular destinations for hotel real estate investors. The Austrian Alps have also started to attract a lot of interest lately.

Source: «European hospitality real estate market investment overview for 2019», 05 March 2019

We saw sharply growing interest in the Cyprus citizenship programme in the third quarter of this year: the number of closed transactions has doubled. This could be due to a recent statement by the Cypriot authorities: they announced that security checks would be stepped up and the number of passports granted would be capped at 700 per year.

Source: «Five main trends in international real estate», 27 Nov. 2018

You can always sell property remotely. An owner who lives abroad can send a representative who is able to hire realtors, hand over the keys to them and then later sign the sales contract. However, one point of note: power of attorney to the representative may be needed.

Local legal specialists in the given country can supervise the sale so if you cannot or do not want to occupy yourself with the transaction at all, you should contact them straight from the off.

If you are the owner of a property and do not want to involve a representative, you will need to visit the country at least twice: to find the realtors and sign the contract. The real estate agents will complete all of the other necessary arrangements themselves. You will be able to control their actions by telephone or e-mail.

Source: «How to sell residential property abroad: a step-by-step guide», 26 Apr. 2017

Before, Russian-speaking clients used to buy second homes, but now they see commercial property and investments as the best way to preserve their capital in the volatile environment.

Source: «2015 in review: 15% more sales», 19 Feb. 2016

Guarantees from the developer are one of the advantages of buying new property overseas — it says developers are liable and must fix defects and damages during a certain time after the building is completed. The term varies from 5 to 15 years, depending on the developer and is set in a contract. The same contract states what defects and damages are covered by the guarantee, as well as terms and conditions for fixing them.

Generally, the following is not included:

— wear and tear and defects connected with the useful life of the building.

— unintended use of common areas and property.

— improper installation and usage of electric appliances and plumbing.

— failure of heating systems, water pipes and sewerage, occurred at the fault of the buyer and/or third persons.

— unintended use of apartment.

Source: «Holidays on the Adriatic: this client bought <nobr>a sea-view</nobr> flat in Montenegro», 08 Feb. 2016

Buying foreclosed property in Spain means a reliable transaction. Banks confirm there are no debts and check all the documents thoroughly.

Large banks create special agencies to find new owners for this kind of property and, at Tranio, we have several agencies like these among our long-standing partners.

Our client Irina had the opportunity to buy a good flat at a substantial discount, but that does not mean the Spanish banks sell property for pennies. More often than not, there is little difference between their prices and market ones. However, banks can lower the prices moderately, because they want to sell these properties quickly and cover the expenses for the loans they provided.

Source: «<nobr>Risk-free</nobr> transaction: this Tranio client bought a foreclosed flat in Marbella», 15 Jan. 2016