News Digest (1-15 August, 2014)

News Digest (1-15 August, 2014)

Analytics

Croatia facilitates conditions. Croatian government allowed the Russians to buy property without company registration. Read on ee24.com how much a house costs in Croatia, and how much it is behind Montenegrin property.

Real estate in Czech Republic: from the most affordable to luxury. The housing market in the small European country is an example of price diversity. Prices of properties in the capital and the provinces differ by 4-5 times, but almost any property remains affordable.

Interview

Interest in Serbia increased by 70%. Vuk Stojanovic, a representative of a Serbian developer "KGS Engineering" in Russia: "Owners of any real estate have a right to obtain a residence permit, disregarding its value. But it should be noted that a residence permit in Serbia is necessary for those who are actually going to live in the country. It can be obtained literally within 2-3 weeks".

Real Estate News

Montenegro approves residence permits. The government has approved a law on issuing a residence permit to property owners. The decision is long overdue, given that new buildings in Montenegro have been falling in prices for the third consecutive quarter.

The Russians are the most generous buyers in Spain. Average price of property purchased by foreigners on Spanish coasts amounted to €381,000. The Russians came out on top with an average transaction amount of €678,000.

Swiss bubble can burst. Index of bubble on Swiss housing market reached a new record again. The authorities are taking measures to prevent a recurrence of the crisis in 1990.

Greece presents with the last chance. Experts say that this year housing prices in Greece with continue to fall, and next year they can stabilize. Autumn and winter: it's time to buy.

Houses for €1 are for sale in Sicily. The authorities of Sicily decided to revive a dying Sicilian village and sell abandoned houses for €1. You will have to pay taxes and repair the property, but even with these costs such offer is still profitable.

Real Estate in England: a purchase without viewing. Sale of a house in the UK takes 33 minutes: that’s how much viewing a property lasts. And one visit to a house of interest is enough for every fourth British to make a decision to buy.