Official data released by the Government Housing Bank (GHB) in June 2023 indicates a significant increase in the purchase of apartments in Thailand by foreigners in Q1 2023. Compared to Q1 2022, there has been a 79.2% rise in the number of units bought, with a total of 3,775 apartments purchased.
As of the beginning of 2023, the activity of Russian-speaking property buyers in various foreign countries has more than doubled compared to activity levels at the beginning of 2022.
The authorities of Turkey and Georgia reported a record number of real estate deals concluded by Russians in these countries during the 12 and 9 months of 2022, respectively. The high activity of buyers from Russia was noted by official sources from Thailand and Spain based on the data on registration of ownership rights in 2022.
Cross-border property investors ramped up to or surpassed the pre-COVID-19 level of activity in most countries by the end of 2021.
For Russians, Canada and the US are the top destinations to immigrate to in 2021. At the same time, Russian citizens would prefer to own real estate in Turkey or Spain and to retire in Germany
In August 2021, Tranio joined forces with the International Hotel Investment Forum (IHIF) to conduct a joint survey on the impact the global COVID-19 pandemic has had on the hospitality sector since March 2020, and to zero in on what we can expect from the market going forward.
Since 2020, global travel restrictions have proven to be the primary factor impeding cross-border real estate transactions among Russian-speaking investors, according to Tranio’s latest annual survey.
For travelers, food can make or break a city; the more culinary options there are in a city, the more enticing a destination it will be among tourists and expats. Toward this end, a team of analysts at international real estate brokerage Tranio have conducted a survey on food outlet penetration across major European cities, taking into account the housing prices and quality-of-life rankings.
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.
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 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.
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.
There’s more potential to make money in the country’s real estate than most people think. The majority of Europe’s real estate markets are overheated but Greece is one of the few countries where property is still relatively cheap.
People are embarking on more short-term travel holidays — aka luxury micro trips — than ever before, and the short-term luxury residential property rental market is booming as a result. Airbnb, never one to miss a trick, has launched the Airbnb Luxe platform, which offers thousands of hi-spec luxury apartments in classy areas from $1,000 a night to cater for this growing market. Tranio explains why there are so many people willing to splash the big bucks on short trips.
The volume of real estate transactions related to luxury property has steadily increased from the turn of the Great Recession in 2011 to 2018. And with signs of a looming global economic slowdown, high-net-worth individuals (HNWIs) are looking to diversify their portfolio with non-traditional investments—as opposed to the standard set of equities and bonds—including luxury real estate.