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.
Croatia is home to some of Eastern Europe’s oldest academic institutions, the universities of Zagreb, Split and Dubrovnik, which are attended by thousands of students from all over the world. Along with the high academic standards, the warm climate, relatively low costs of living, foreign citizens are also attracted by the nation’s warm hospitality and friendliness.
It costs about €2,000 a year to maintain a home by the sea in Croatia.
When purchasing a Croatian property, the buyer pays a 3% transfer tax.
The mortgage market in Croatia is still in its infancy. A non-resident can obtain a loan through Erste Bank, which offers financing of up to €250,000 for a maximum term of 20 years. The interest rate is 6.098%.
Croatia officially joined the European Union on 1 July 2013. In order to bring its legislation in line with EU regulations, Croatia introduced a similar visa regime for countries, citizens of which cannot enter the EU without a visa.
The real estate market in Croatia is subject to restrictions hanging on the existence of bilateral agreements with the buyer’s home country.
Property in Dalmatia is in highest demand despite the government’s strict restrictions on construction aimed at preserving its surrounding nature. This area is great for yachting and it’s half the price to rent a boat there than, let’s say, southern France.
Money is flooding into European commercial property markets. This article by Tranio expert, Yulia Kozhevnikova, reviews the top trends, destinations and segments to look at this year.
Most overseas property buyers are over 55 and already planning real estate succession before they sign the sales contract.
Auctions is a great way to buy property for less than current market rates. This recent practice can be intimidating for buyers — but not for much longer.
Buyers often wonder whether real estate agents are necessary when buying property. At Tranio, we truly believe they are. Read on to find out why.
Russia’s recession has hurt foreign investments, but it has not affected their buying habits as buyers continue to seek out luxury residential property abroad.
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.