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.
This article explains how to get residency in Spain, what the terms are, and how much it costs. All information is sourced from Spain’s Immigration Portal.
State-run immigrant investor programmes, also known as “Golden Visa” programmes, are designed to attract foreign capital and businesspeople by providing residency or citizenship in return.
Before the coronavirus pandemic gripped the world, property prices in Spain were growing steadily from 2015 but had not yet reached the 2008 pre-crisis mark. Despite the current uncertainty, it’s still possible for foreigners to buy real estate in Spain – but it’s important to remember, always close a transaction properly. Never cut corners. Here are seven steps for foreigners buying real estate in Spain.
Cross-border property investors ramped up to or surpassed the pre-COVID-19 level of activity in most countries by the end of 2021.
Closed borders and lockdowns have made it nearly impossible to buy and sell international real estate as before the coronavirus pandemic. Nevertheless, the sales team of real estate brokerage Tranio found a way to fulfil their plan and carry out cross-border real estate transactions remotely.
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.
Despite the turbulence experienced by global markets in 2020, we have continued to flourish. In fact, faced with such pandemic-era obstacles as border closures, we quickly adapted and mastered the art of closing deals remotely, all while expanding our partner networks in Greece, Spain, Germany, the United States and other countries.
Retiring abroad is a growing trend. People relocating abroad can enjoy their senior living at its best: in a warm climate, by the sea, and with quality healthcare. Here is an overview of European locations for retirement with living costs and a roadmap for choosing your place in the sun.
A number of ways to obtain Spanish citizenship exist. Since 2013, Spain Golden Visa program is being offered, which allows its participants to gain citizenship in a simplified manner.
Spain has a great selection of property ranging from small apartments and luxury villas with swimming pools and golf courses. Tranio reviews real estate market dynamics and focuses on the current prices.
Real estate investors often use mortgage. Spain offers foreign citizens favourable loan terms thanks to the low Euribor rate.
In Spain, property maintenance costs cover taxes, insurance, management company fees and utility bills as well as mortgage obligations for those who leveraged their acquisition. There are additional expenses for property requiring renovation.
Spain is one the most popular countries for foreigners buying houses and apartments in Europe. Spanish and foreign citizens pay annual real estate tax, wealth tax and income tax. Investors are charged capital gains tax and tax on rental income. Companies pay corporate tax of 25–28%.