Where do Russians look for property abroad? Tranio analysed data from Russian search engine Yandex relating to search queries for residential real estate to find out the 10 most popular countries among its users.
An important source of information about capital flows out of Russia is the country’s Central Bank, which publishes official individual cross-border transfer statistics. According to its data, in the 12 years between 2006 and 2017 inclusive, $479 billion (or $519 billion, adjusted for inflation) was transferred from Russia to 257 foreign countries and territories.
In first quarter of 2018, Tranio ranked third among the most cited Russian media resources in the real estate and construction industries.
On May 5, the European Central Bank (ECB) published results of stress tests involving Greece’s four largest banks. In the worst-case scenario, their capital should not fall below the ECB’s minimum requirements over the next three years. This indicates that the restructuring of the banks in recent years has been a success.
The Greek economy is recovering – the country experienced four consecutive quarters of GDP growth in 2017 and the economy is expected to grow 2.5% growth per year in 2018 and 2019. In this environment, real estate prices can only be expected to grow.
The volume of online transactions is growing by about 20% per year. If this trend continues, e-commerce will reach €4.4 trillion annually by 2020. How will this affect street retail properties?
Investors often ask for our help in finding a 10–30 rooms hotel managed by an established operator under a long-term contract abroad. However, they do not plan on relocating and participating in the management of the hotel but want to receive a guaranteed income.
Against a backdrop of an unstable ruble, Russian owners of foreign property are more often than ever trying to save on property maintenance costs.
Prices of micro-apartments range from €120,000 to €300,000. Taking into account all expenses and mortgage costs, an investor needs €70,000 to buy an apartment.
Greece's economic recovery is having a positive effect on the retail property market, which is seeing a growing demand for prime facilities.
A salary of €2,000 per month is enough to qualify for a European residence permit. Affluent foreign nationals can participate in Greece's residence programme for financially independent persons. How does it work and how can one obtain a Greek residence permit?
Tranio analysts are confident that now is the best time to buy Greek property, as prices have bottomed out and will soon recover. Reports in domestic and international media in Q1 2018 paint the same picture.
Uncertainty prevails in Barcelona's real estate market after the referendum. Many business owners consider Valencia an alternative investment destination.
Major trends of the year are the growing demand for overseas property and transition from a simple rental business to more complex development and redevelopment projects.
In 2017, the euro and the dollar grew against most major currencies, while the pound fell. As a result, certain property markets have become less attractive to international buyers, while others are ripe for entry.