Despite the global economic instability, the region shows positive dynamics year after year in terms of return on investment. In 2023, buying property on the Côte d'Azur for foreigners remains an available and effective way to make the investments. The Tranio team would like to share the successful experience of our client: the purchase of a penthouse by the sea, near the Principality of Monaco.
France is one of the oldest property markets in Europe and the world. Being the second economy in the Eurozone, it provides stability and security for property investors. Buying a house in France is the first step of integration into traditional European society and investing in a long-term connection with its culture and values.
The Greek passport ranks among the world's strongest. According to the Passport Index, it belongs to the 4th group of passports (out of 97) along with the passports of the USA and Australia, surpassing those of countries such as Estonia, Iceland, Cyprus, Malta, and many others.
Greece is a country with a rich cultural heritage and historical legacy, the jewel of the Mediterranean region, which annually attracts millions of tourists. The Greek government is positively inclined towards foreign investment in the country's economy and, in particular, the real estate sector.
Golden Visa is an unofficial name for a special government programme that provides foreigners with a residence permit or permanent residence for investment in the country's economy.
Unlike a residence permit and permanent residence, Spanish citizenship allows you to stay indefinitely on the territory of this country and enjoy all rights and obligations on an equal basis with citizens born in this country. Spanish citizenship also allows you to participate in the political life of the country, hold public office, and enjoy all the benefits and social services provided for an ordinary citizen.
Public utilities in France are similar to the rest of the EU in terms of the real estate taxation, utility bills and other living expenses. In comparison to other European countries, the cost of living in France is higher than in Eastern Europe and the Balkans, but at the same time, much lower than the cost of living in Northern Europe and Scandinavia.
Currently, one of the most popular ways to obtain a French residence permit is through the Passeport Talent by launching an innovative project. This type of residence permit is issued for four years, allows the applicant to relocate their family to France, and provides the opportunity to earn income from the established startup.
France is a country with a high level of well-being of the population. The social support system is one of the most humane in the European Union. The country is interested in the economic condition of its citizens. A progressive taxation system acts as a guarantor of such social stability and financial security.
The mortgage market in France is known as one of the most secure and stable in Europe and the world. The banking system of this country controls the fulfilment of the obligations of creditors and borrowers to each other and prevents property bubbles. Even during the global crises of 2008 and 2014, there were no dramatic increases of interest rates and the number of debtors.
When buying a property in Spain, it is necessary to consider all the specifics of taxation and the cost of maintaining the purchased property. The costs depend on the climatic characteristics of the region, the rules of a particular municipality, the type of property and whether its owner is a tax resident of Spain (lives in the country for more than 183 days a year). On average, payments for residential property in Spain are much lower than in the Nordic countries.
The demand for property in Spain among foreigners has been becoming more and more active in recent years. The warm and comfortable climate, the number of sunny days per year, cities with well-developed infrastructure and high security, affordable property prices attract investors and expats from all over the world.
A mortgage loan for property in Spain is a reliable tool that will help you to invest if you choose the right loan parameters. The interest rate in Spain in 2023 was one of the lowest and most attractive in Europe, remaining at 2.8–3.5%. Spanish banks offer foreign investors a number of advantages, which distinguishes their product from other banking products in the EU.
Spain has a great selection of property ranging from small apartments and luxury villas with swimming pools and golf courses. Tranio reviews real estate market dynamics and focuses on the current prices.
Barcelona, the capital of Catalonia, attracts millions of tourists with its unique atmosphere, cultural heritage, and magnificent architecture. Situated between the Costa Brava and Costa Dorada coasts, just 120 km from the French border, Barcelona is renowned for its mild climate, picturesque beaches, and gastronomic diversity.