In 2023, a trend of declining foreign demand for real estate in Turkey compared to the peak levels of 2022 became noticeable. This trend has persisted into the beginning of this year.
In January 2024, the total volume of property transactions reached 1327, surpassing the number recorded in the preceding two years. The number of registered transactions increased by 13% compared to January 2023.
Following record demand set in 2022, each new complication in obtaining Turkey's residence permit led to a drop in applications and transactions by Russians. Nevertheless, with 10,560 properties purchased in Turkey, they remained the top property buyers among foreign nationals in 2023.
France does not offer a "Golden Visa" program in the same way that some other countries do, such as Portugal, Spain, or Greece, which provide residency permits to non-EU investors in exchange for significant financial investment in real estate or business.
In a groundbreaking move, the United Arab Emirates has recently unveiled a new and comprehensive residence visa program, revolutionizing the landscape of expatriate living in the country.
Cyprus is a popular destination for investment, relocation, and leisure due to its beauty, rich history, and excellent resort infrastructure. This article will explain why an increasing number of investors are opting to purchase property on the island, discuss the benefits of real estate investment in Cyprus, and showcase the available investment properties.
Resort property in the French Alps is a prospective investment, both from the point of view of getting income in high season, and getting a "second home" for vacations in a sunny, comfortable Alpine climate. Alpine resorts are as popular as resorts on the French Riviera, and property prices in the Alps annually show a significant increase, often exceeding the indicators of other regions of France.
Following Bloomberg, numerous analysts observed a decline in activity in Dubai's off-plan residential market in Fall 2023, which some experts attributed to a drop in demand from Russian HNWIs (high net worth individuals).
Every year, Spain attracts residents of northern countries with its pleasant Mediterranean climate, beaches with fine sand, azure sea, seafood dishes, and wines from local wineries, as well as festivals and traditional holidays.
In December 2023, the total volume of property transactions reached 2,074, an all-time high in 2 years of observations. The number of registered transactions increased by 17% compared to November 2023 and by 10% year-on-year.
In November 2023, the total volume of property transactions reached 1,768, showing an increase of 19% over the same month last year (1,484 transactions). The number of transactions remained virtually unchanged compared to October 2023 with an increase of 1.7%.
Spanish real estate has consistently been in high demand in the past few decades.
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.
To optimise taxes on property ownership in France, as well as to manage funds more conveniently, our experts recommend registering a legal entity to invest in housing in France. The civil property company SCI (Société Civile Immobilière) is a real estate holding company incorporated under French law and it is an optimal solution, available to both residents and non-residents of the country.
Phuket is Thailand's largest island and one of its smallest provinces. It is the country’s most important resort in the post-coronavirus era. Phuket was the first province to open to tourists in 2021. Starting from 2023, most flights from the EU and other regions arrive directly on the island, rather than in Bangkok.