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.
The Costa Blanca is the most affordable region in terms of residential property prices. Studios or one-bedroom apartments near the beach are available at prices from €70,000.
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.
Previously stalled schemes are now up and running across the country as the government tries to address knock on effects of rising rents.
The goal of the upcoming edition of simaPro Forum, which will be held on 30 May at the North Convention Centre of Feria de Madrid, will be to identify and analyse the reasons behind the appeal of the Spanish real estate market for international investors.
The results of the Catalan referendum could not but affect the state of both the Catalonian and the Spanish real estate market as a whole. Experts and investors have made various forecasts. But, how have things turned out in the beginning of 2019?
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.
Costa Blanca is the perfect resort destination for buyers with modest budgets. Two-bedroom flats cost an average €80,000 −150,000 on Spain’s ‘White Coast’.
Costa Blanca, the province of Alicante’s coastline, is one of Spain’s most popular destinations for tourists and international property investors alike.
Barcelona authorities have approved the modification of its General Metropolitan Plan. Under the new regulation, developers must set aside 30% of new-build or renovated apartment buildings over 600m² for social housing.
Uncertainty prevails in Barcelona's real estate market after the referendum. Many business owners consider Valencia an alternative investment destination.
After Catalonia's referendum on independence, many international property buyers previously focused on Barcelona turned to Valencia. Families planning to relocate to this province are spoiled for choice in terms of good international schools for their children.
On October 1, 2017, Catalonia held an independence referendum in which 90% of voters chose separation from Spain. How has the local property market reacted to the events?
Experienced investors know that everything matters when it comes to property purchase, and deciding on a street is as important as choosing a city or a country.