actually live in the country
South Costa Blanca: a house on the Mediterranean coast for the price of an apartment in Moscow
Costa Blanca is a region on the southeastern coast of Spain, located in the province of Alicante and extending for 240 kilometers along the Mediterranean Sea. It got its name because of the sand color on the coast: from the Spanish “costa blanca” it means “white coast”.
Costa Blanca is the most popular tourist region in Spain by maxxyustas / Depositphotos
Many foreigners acquire real estate here: they live on the Costa Blanca for several months a year, and the rest of the time they rent the purchased houses to tourists. Continue reading
“Money poured from the sky”: where Chinese investors buy real estate
For the past seven years, China has been demonstrating continuous growth in overseas property investment. In 2017, the volume of investments in commercial and residential properties grew by 18% and amounted to 119.7 billion dollars, according to research data of the largest Chinese portal of foreign real estate Juwai. Most Chinese investments are distributed between North America, Europe and Asian countries. Continue reading
OECD tightens banking checks for investment citizenship and residence permit participants
On November 20, the Organization of Economic Cooperation and Development (OECD) published a list of countries whose investment citizenship or residency programs it considers risky. The OECD recommends that banks carefully check clients who received a passport or residence permit under these programs, in particular, documents confirming the physical presence of investors in a particular country. This applies not only to new customers, but also to owners of particularly large accounts, which hold amounts from 1 million euros. Continue reading
