Real estate articles in Southern Europe, page 6
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Taxes in Montenegro
Taxes in Montenegro are relatively low. Individuals pay income tax at 11% if their monthly income is above average (about €750 a month) and at 9% if it falls below. Such rates apply to both residents and non-residents.
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Property maintenance costs in Montenegro
Real estate maintenance costs in Montenegro are rather low for Europe. For example, the owner of a two-bedroom apartment in a modern residential complex who lives there from May to October would only pay about €1,500 per year to maintain the property.
Property maintenance costs in Cyprus in 2024
Maintenance costs in Cyprus are rather low in comparison to average European charges. Owners pay some €1,700 per year for apartments and about €2,900 for villas with private pools.
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Taxes in Cyprus
Republic of Cyprus has a more favourable tax regime than other European countries. For example, there is no inheritance tax in Cyprus.
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Buying and registering property in Montenegro
Montenegro, the little explored ‘gem of the Adriatic’, has ancient cities and bays nestled in the coastal folds of its majestic mountains. With reasonable prices and many locations to choose from, there’s property in Montenegro for everyone.
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Mortgages in Montenegro
It is relatively difficult for foreign nationals to obtain real estate loans in Montenegro. Erste Bank is the only bank that works with foreign buyers; however, it only grants loans to foreigners who have residence permits.
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Property prices in Montenegro in 2024
Montenegro is popular among tourists for its natural beauty, historic sites and ancient cities of Kotor, Herceg Novi and Tivat. Tranio reviews real estate prices and sought after destinations.
Buying property in Cyprus: A step-by-step guide (+ tax information)
Cyprus is an open real estate market and demand has been growing for property in the country since 2016. The warm Mediterranean climate, relatively low residential property prices, and opportunity to obtain residency/nationality through investment (when buying property worth at least €300,000/€2M respectively) are all attractive to potential buyers.
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Mortgages in the Republic of Cyprus
Foreigners can obtain mortgages in Cyprus, where such loans are granted for off-plan real estate, existing properties and renovation.
Property prices in Cyprus in 2024
The most sought after real estate destinations in Cyprus are the major resorts. Tranio reviews real estate prices in Limassol, Paphos, Larnaca and the Cyprus average ones as well.
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Mortgage in Greece for foreigners
Non-EU citizens can only take out mortgage loans in Greece if they hold a national residence permit.
Student visa for Italy
A student visa for Italy may be of two types: a short-term and a long-term visa.
Golden visa for Italy
In May 2020, Italy cut in half the requirements for a residence by investment permit. In order to obtain a residence permit for Italy, it is now enough to invest €250,000 (instead of €500,000 before) in an Italian start-up or €500,000 (instead of €1,000,000 previously) in a local company.
Residence permit in Italy for financially independent individuals
Italy grants residence permits to financially independent individuals that earn high passive income. Wealthy foreigners may obtain a special elective residence permit or Residenza Elettiva.
Visas, residence permits, and citizenship in Italy in 2024
A common pathway towards migrating to Italy begins with obtaining a short- or long-term visa (type C or type D) that allows its holder to enter the country.
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