It costs about 1–3% of the market value per year to maintain real estate, pay taxes, utility bills and insurance costs in Italy.
Italy’s tax system is complicated and buyers should seek advice from an expert before purchasing real estate.
In Italy, mortgages are granted for pending constructions, existing property and renovations. Banks impose more stringent requirements on foreign citizens regarding the assessment of the mortgaged property. Therefore, foreign nationals are more likely to be granted a mortgage on high-end, liquid property.
There are no restrictions on foreign citizens purchasing property in Italy. A transaction can be made on behalf of legal entities or individuals. Buyers should know that things in the north and south of Italy don’t necessarily work the same way.
The hot climate and beautiful seas lure property buyers to Campania, Calabria, Apulia, Sicily and Sardinia in the south of Italy.
Education in Israel is high quality and designed to fit economic needs and future growth. There are a lot of IT and engineering start-ups that collaborate with the universities here.
There is visa-waiver programme for US and EU citizens as well as other nationalities travelling to Israel for up to 90 days. In order to enter you must present your passport, insurance policy and proof of financial subsistence.
Israel has a complex tax system that is constantly changing and improving. Foreign buyers should consult a tax advisor before purchasing real estate here.
Israeli and non-Israeli citizens are able to obtain mortgages from commercial banks in Israel. Beyond commercial loans, Israel, Israel offers two types of mortgages, both backed by the government.
In recent years, more and more foreigners have been buying property in Israel. It doesn’t take long to set up the transaction and buyers can expect to spend about a month to conclude the sale.
Germany is one of the most popular countries for international students. About 11% of the country’s students are foreign citizens, particularly from China, Russia, Austria and India.
In Vietnam, property maintenance costs cover the land tax and utility bills. The owners of investment properties also pay a management company fee and a rental income tax.
Taxes in Vietnam are lower in comparison with those of the US and Western Europe. In this Asian country, property buyers pay VAT and a registration fee, owners pay the land and rental income taxes and sellers pay a sale tax.
As of December 2016, mortgage loans cannot be issued to foreign residents in Vietnam. The country’s authorities allowed foreign buyers to purchase homes and apartments in Vietnam on 1st July, 2015, and the local lending market is not yet developed.
After several years of decline due to the 2008−2009 crisis and the high inflation rates of 2010−2012, the market of property in Vietnam is becoming attractive for real estate investors. Internal demand for residential property is being reinforced by rapid urbanization, whilst demand from foreigners is being fostered by the liberalisation of property buying.