In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.
In 2000, Finland lifted restrictions on all property acquisitions by foreign citizens excluding farmland and it generally only takes two weeks to finalize a transaction.
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.
Most overseas property buyers are over 55 and already planning real estate succession before they sign the sales contract.
Russian buyers still dream of a second home overseas. Read on to discover the country’s top 10 locations in 2015.
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.