Analytics
The situation in European markets: moving to all directions. Accommodation in Italy gets cheaper everywhere, Bulgaria joined the "five-year growth", and in Turkey prices increase, disregarding reduction of demand.
Hidden pitfalls of new residence permit in Latvia. Buying a property for €250,000 is not the only condition. Authorities demand to observe at least five important points.
Articles
Russian singers are banned in Latvia. A new wave of sanctions came one day before the international song contest "New Wave" in Jurmala.
Real Estate News
Luxury real estate does not grow in prices everywhere. In Dublin, London and Madrid prices for prestigious square meters grow, in Rome they do not change, and in Paris and Geneva premium housing loses value.
Recovery of the Spanish market is postponed until 2016. Standard & Poor's predict that property prices in Spain will stabilize in 2015, but the will grow only in 2016.
Excessive taxes in Italy. Over the past five years,property taxes have increased by 104%, while prices decreased by 15%. As a result, tax burden on owners increased by almost 1.5 times.
Great Greek sale. Greek authorities are planning to put up for sale 1,500 luxury villas that belong to owners who do not pay taxes.
Residence permit in Latvia could be obtained for a bribe. Criminal procedure has been initiated with regard to employees of the Office of Citizenship and Migration Affairs.
Yanukovych owns a plot of land in Bulgaria. Local media have found out that the former president of Ukraine has several plots at sea, which were purchased in 2008.