The amendments, which were accepted by deputies of the Latvian Saeima on April 24, increase the value of real estate to €250,000 – amount which is necessary for obtaining a residence permit. Nobody knows when the innovation will come into force, probably on August 1, 2014. Realtors expect negative consequences: the outflow of some part of buyers, and average market will for sure "fall down".
Latvia is deservedly popular in neighboring Russia, but there are countries that Russian investors know little about. We talked about ten of them. For example, in Albania there are still good options of cheap houses and apartments on the coast, Slovenia easy issues residence permits after registration of a company, and the benefits of Serbia are good geographical position and the possibility of visa-free entry for the Russians.
Our readers could find detailed information about the situation on the markets of other non-mass demand countries – Iceland and Hungary. The population of Iceland is increasing, demand is growing, and prices are keeping up. Real estate in Hungary is significantly cheaper; moreover you can easily find tenants in Budapest and in resorts.
Banks real estate in Spain can be both cheaper and almost better than "normal" options. It is unprofitable for the banks to own such assets for a long time and they want to sell them at a price not exceeding their own investments. You can learn from an interview on portal ee24.com with one of our partners how to find liquid banks real estate and find out where it is focused.
Liquidity is a significant factor when buying real estate, and in case of commercial premises it is the most important factor. For those who think about running a business in Bulgaria, there is a useful article on profitable kinds of commercial real estate in the country.
If you believe that profit is the only thing that motivates investors, you will almost always be right, but not in case with Dinaburg fortress. Owners of several buildings of this biggest attraction of Latvian city of Daugavpils told ee24.com in an interview, that they hope to find a buyer who is not indifferent to military affairs and who wants to associate himself with this monument of Russian history and architecture, for example, making there a hotel for tourists.
While a fortress is for sale in Latvia (of course, it is only about several buildings), in Spain buyers are offered the XIV century castle, and in Italy Island of the Dead near Venice is for rent for 99 years, the one where plague patients were brought one day.
Portal ee24.com informed about a cunning scheme for selling Winston Churchill’s apartment in London, about the amount Catherine Deneuve requested for herelegant mansion near Paris, and how you can become F1 driver Kimi Räikkönen’s neighbor in Helsinki (our portal was the first to report about it in Russian Internet).
The most interesting, the most unusual, the most expensive! You can find out what beaches of Europe partygoers and lovers of nightlife should visit, where a "Tetris Cube – hotel" will be built, and how much the most expensive houses in Italy cost.