While Spain dealing with its territorial integrity, many foreign property buyers in Barcelona are putting their planned purchases on ice, unwilling to take any risk
Blockchain technology has grown in popularity because of the rise of bitcoin, a cryptocurrency based on it.
While Afghanistan is experiencing a civil war, its residents are desperately looking for opportunities to lead a normal life
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In Switzerland, property maintenance costs about €60–70/sq m per year. For example, it costs about €5,100–5,950 per year to maintain an 85 sq m apartments.
Switzerland is both a symbol of wealth and natural beauty, making it an attractive destination for wealthy investors. However, there are restrictions for non-resident individuals who are not authorised to purchase property in any city and canton of Switzerland.
The Czech Republic is popular among foreign buyers for its low prices, great scenery and fantastic architecture.
It costs about €2,000 a year to maintain a home by the sea in Croatia.
In Finland, costs for maintenance start at €1,000 for an apartment or holiday home. According to Pellervo Taloustutkimus, a Finnish think tank, property maintenance will gain 3.1% on average per year up to 2017.
The Baltic state of Latvia is popular with foreign buyers for its low prices, historic atmosphere and quiet appeal. Citizens of other countries are welcome to purchase property in nearly any location excluding border areas, the protective belt of the Gulf of Riga and the Baltic Sea as well as sheltering lines of other bodies of water, farmland and forests. Foreigners can, however, lease this land for up to 99 years.
It costs about 1–3% of the market value per year to maintain real estate, pay taxes, utility bills and insurance costs in Italy.
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.
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.
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.
Prior to 1st July, 2015, foreign nationals were only able to buy one leasehold apartment for their own use for 50 years and with no extension options. The rental of residential property in Vietnam, conveyance by inheritance and donation were prohibited. In addition, at least a year of working experience in Vietnam was required.