The volume of real estate transactions related to luxury property has steadily increased from the turn of the Great Recession in 2011 to 2018. And with signs of a looming global economic slowdown, high-net-worth individuals (HNWIs) are looking to diversify their portfolio with non-traditional investments—as opposed to the standard set of equities and bonds—including luxury real estate.
Revealing the potential of Asian markets: MIPIM Asia Summit enhances industry players’ economic advantage in a shifting global market.
Residence permit in Latvia. How to obtain Latvian citizenship Golden Visa in exchange for property investment or purchase.
The 6th Edition of The Real Estate Development Summit – Sub - Saharan is all set to take place at the Sandton Convention Centre in Johannesburg, South Africa on the 25th & 26th July.
The Greek education system has three levels: primary, secondary and tertiary. Each level has two sub-levels. A child of any nationality living in Greece must complete his/her primary education and the first grade of the secondary level. Tuition is provided free of charge in state schools.
It costs about £9,000 a year to maintain property in the UK, including minor repairs, mortgage costs, telephone and internet, insurance, council tax and public area maintenance charges.
Homeowners in the USA spend 1–4% of their property’s value per year on home maintenance and repairs.
Property maintenance in Portugal is cheaper than in countries like the UK and USA. For example, it costs about €2,000 per year to maintain an apartment in Lisbon and about €4,000 for a three-bedroom villa in Faro.
It costs about 1.0–1.5% of the property value per year to maintain real estate in Latvia.
In Israel, it costs about $10,000–10,500 (ILS 37,500–40,000) per year to maintain property. Maintenance charges for an apartment are $20–$40/sq. m. per year, $40–90/sq. m. for a house and $70–180/sq. m. for prime property.
It costs about €15–20/sq. m per year to maintain a city apartment in the Czech Republic while a detached house may incur costs reaching €25/sq. m.
Maintenance costs in Cyprus are rather low in comparison to average European charges. Owners pay some €1,700 per year for apartments and about €2,900 for villas with private pools.
It takes 30–45 days to buy a property in the USA. The acquisition procedure is completed in several steps.
Buying property in Portugal is relatively simple as the country has an open attitude to foreign buyers in the form of a preferential tax regime, Golden Visa programme and no restrictions what the type of property a non-resident can buy.
Buying property in Hungary is relatively easy and it’s possible to find and buy property in a couple of days. After that, a lawyer takes over the remaining steps. In total, the buying and registration process take about two months.