Property in Turkey: a profitable asset or a risky investment?
The real estate market is one of the most important growth drivers of the Turkish economy. In recent years, the rapid development of the sector was supported by the state program for the demolition of dilapidated and unsafe housing, the activity of the middle class against the background of lower mortgage rates, as well as inflows of foreign investment. Over the past ten years, the real estate market and the construction market accounted for about 8.4% of Turkey’s GDP. The share of foreign investors at the same time was almost half of the total investment. Continue reading
How to get Spanish citizenship?
Spanish law provides for several official methods of obtaining citizenship (or citizenship, since Spain is a monarchy by form of government). A general requirement that applies to all applicants is mandatory residence in the country. Its term can be from one to 10 years, depending on the chosen basis for acquiring citizenship.
You can become a Spanish citizen either in general or in a simplified manner. Continue reading
Small but comfortable: modern technologies expand the space of small-sized
It has long been no secret that in the real estate markets of many large cities there is an objective shortage of residential space. The increase in the density of the urban population is due to the massive relocation to cities, the growing economic and social importance of megacities.
According to a 2015 study by the International Organization for Migration, about three million people move to cities every week.
According to studies by the International Organization for Migration in 2015, about three million people move to cities every week.
Approximately 54% of the world’s population lives in cities (in 1950, this figure was 30%). Continue reading
Brexit: how did the prospect of a UK exit from the EU affect the real estate market?
The results of the referendum on UK withdrawal from the European Union, held on June 23, 2016, could not leave indifferent players in the real estate market. The forecasts that have been made so far have been the most diverse, but the market hasn’t collapsed, and London, contrary to expectations, retained its position in the top three locations most promising for investment. Very soon (March 29 of this year), the UK will have to leave the EU. What are the economic consequences of this step investors expect? Continue reading
Central Bank recorded the growth of Russian demand for the purchase of foreign real estate
The amount of cross-border transfers from Russia in 2018 amounted to $ 37,062 million, according to data from the Central Bank of Russia. Compared with the previous year, this figure increased by 18.4%. The amount that the Russians spent on the purchase of foreign real estate, also increased – by 12.3%. This amount is $ 1,234 million, or 3.33% of the total volume of transfers. The growth of cross-border transfers from Russia in order to purchase real estate has been marked for the second year in a row. As in 2017, the volume of cross-border transactions began to show active growth in the third quarter of the year. Continue reading
