Property maintenance expenses in Hungary cost about 1–4% of the property value per year.
Property expenses in Austria are not particularly high in comparison to other European countries. Essential charges include utilities and taxes while repairs, renovation and insurance depend on the owner’s budget.
The most popular location with property buyers in Hungary is the capital, Budapest. This city is known as one of Eastern Europe’s cultural centres and is renowned for its magnificent architecture and historic thermal baths.
Austria is known for its economic and political stability, which makes it one of the safest countries in the world for property investment.
Berlin’s property market is one of the most dynamic in the world. The German capital´s population is growing by about 40,000 annually, with the increase largely from young professionals.
An increasing number of Russian HNWIs (high-net-worth-individuals) are notifying Russia’s tax authorities about their foreign bank accounts and controlled foreign corporations (CFCs). This follows Russia’s adoption of the Common Reporting Standards (CRS) in 2016, which facilitates the automatic exchange of information regarding bank accounts between partner countries’ tax authorities in a bid to combat tax evasion.
For immigrants hoping to be granted full citizenship in the Czech Republic, the wait can last a decade. In most cases, this is how the process plays out:
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
The five-year rent cap in Berlin is radically changing the capital’s real estate market.
The world’s travel and tourism market is developing quickly, which in turn is fuelling demand for hotel services. Europe is the most visited continent and property investments in the region are on the rise, with Spain and Germany the most attractive countries.
Residence permits are governed by the Law on Entry and Residence of Citizens of Third Countries while citizenship rights are set out in the Law on Citizenship.
The International Hotel Investment Forum (IHIF) 2020 is the hub that connects the ambitious, brave, curious and disruptive that shape the world of hospitality investment - the meeting of global collaboration.
Germany is a huge draw for both foreign and domestic real estate investors who want to safeguard their capital. A total of $67B was invested in German real estate from Q4 2018 to Q3 2019, while property prices in the country have been rising steadily for the last five years at an average rate of 5% per year, according to OECD.
By the end of 2017, seven out of ten people in the EU were living in their own homes. However, more than a half of Germany’s population now rent housing, and according to forecasts by Trading Economics, this trend is only going to grow. Tranio looks into why Germans are opting to rent rather than buy.
The volume of German property transactions reached €53bn in 2017, which was twice that of 2012. JLL experts expect the transaction volume to reach €60bn in 2018. So why are investors increasing their spending in the German property market?