In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.
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.
Take a look at the best European and Middle Eastern destinations where you can enjoy
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Switzerland is popular with international students due to high living and excellent education standards.
In Switzerland, property maintenance costs about €60–70/sq m per year. For example, it costs about €5,100–5,950 per year to maintain an 85 sq m apartments.
There is a three-tier tax system in Switzerland: federal, cantonal and communal (municipal). Each of the 26 cantons has its own tax legislation and each of the 2,800 communes sets its own communal tax rate.
Although foreign nationals are able to obtain mortgage loans in Switzerland, foreign purchasers are subject to various restrictions.
In Switzerland, visas and residence permits are regulated by the federal law “On foreigners” (Loi fédérale sur les étrangers). About eight million tourists visit the country every year.
Switzerland is both a symbol of wealth and natural beauty, making it an attractive destination for wealthy investors. However, there are restrictions for non-resident individuals who are not authorised to purchase property in any city and canton of Switzerland.
Switzerland has one of the most stable economies in the world and real estate prices demonstrate long-term growth.
A country seat on the northern shore of Lake Maggiore offered for sale.
Kirill Schmidt, Head of Financial Services at Tranio, explains how low and negative mortgage rates work around the globe.
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