Henley & Partners has published its new passport index, ranking the world’s countries by the freedom of movement they are permitted. Tranio has analysed the top 50 countries to find out which of them grant investment-based nationality.
On 20 November 2018, the OECD published a list of the countries whose citizenship or residence-by-investment programmes it regards as high-risk. The OECD recommends that banks more thoroughly check the documentary evidence of the investors’ physical presence in certain countries.
Buyers of Slovenian property pay a 2% purchase tax and a registration tax ranging from 0.01% to 0.50%. The annual property tax rate ranges between 0.1% and 1.0%.
The Greek government has already approved reducing corporate tax and VAT, and is discussing the possibility of lowering the annual real estate tax for inexpensive properties.
Property investment yields and risks are usually directly interdependent: The higher the expected profit, the greater the risk of losing it.
On 2 August 2018, the Bank of England (BoE) raised the key interest rate by 25 basis points to 0.75% - a record rate value in the last nine years. The BoE sees this as the way forward to try and decelerate inflation down to the target value of 2%.
German commercial real estate market is considered to be a seller's market, with high-quality properties getting snapped up, and realtors mostly prefer to work with local clients. But large and riskier transactions are a different matter, requiring increased scrutiny from the buyer, i.e. ‘due diligence’.
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.
On May 5, the European Central Bank (ECB) published results of stress tests involving Greece’s four largest banks. In the worst-case scenario, their capital should not fall below the ECB’s minimum requirements over the next three years. This indicates that the restructuring of the banks in recent years has been a success.
Against a backdrop of an unstable ruble, Russian owners of foreign property are more often than ever trying to save on property maintenance costs.
Prices of micro-apartments range from €120,000 to €300,000. Taking into account all expenses and mortgage costs, an investor needs €70,000 to buy an apartment.
Tranio analysts are confident that now is the best time to buy Greek property, as prices have bottomed out and will soon recover. Reports in domestic and international media in Q1 2018 paint the same picture.
In late February, Jordan approved a residency-for-investment programme for investors who purchase property above $282,000. Will the new measure have an effect on the local market?
Between 2007 and 2016, foreign property transactions reached $6.7 trillion. Tranio expects such investments to grow over the long-term for a number of reasons.
From January 1, 2018, foreign tourists who stay in Greece for more than a day are obliged to pay a “stayover tax”, the amount of which depends on the category of the hotel or apartment they stay in.