Statistics of prices of foreign real estate | The cost of real estate abroad. The cost of real estate in Europe, Asia, the United States.
In the second half of the Bulgarian real estate market perked up a bit. And in the summer the number of queries and transactions reached almost last year's level. And in recent months, the Bulgarian housing market dynamics is the same again, as in the previous year at the same time.
Prices of holiday properties in Bulgaria have decreased by 10-15% compared to 2014, while the average price of square. m of housing in Bulgaria today is around € 300 (Bansko) and about € 400 (on the coast). In Sofia, the situation is opposite. Where apartment prices rose by 10%. Due to the fact that banks have reduced the interest rate on loans from 8% to 5%, people are willing to use this opportunity to solve their housing problem. This has led to increased demand and higher prices for housing in the capital. The price for "square" properties in Sofia today starting at € 800, depending on the area and other parameters, reaches € 1000.
In our opinion one of the most interesting regions in the past year was Greece. The situation there was very unstable due to the summer crisis with Grexit (a change of government and a referendum on the euro area), when we froze a number of transactions, but for the whole year, it has leveled off. Compared to the 2014 year real estate prices in Greece even grew by 8-9%. In view of the Greek real estate affordable, elegant environment and low cost of living Greece remains one of the best holiday destinations in Europe.
All this could not affect the real estate market in Greece. The number of transactions has decreased, but the interest in houses and apartments in Greece, especially among foreigners, even increased. Foreign investors were counting on a sharp fall in property prices at the moment of maximum political instability, but the collapse has not happened. According to the Central Bank, Greece real estate values dropped by an average of 6% in 2015, with the fall in prices for resort facilities amounted to 3-4%. This suggests that the housing sector is close to the "bottom", expect a sharp reduction is not necessary in 2016.
The outgoing year has brought some uncertainty in the real estate market in Central London. Recent developments in the taxation of real estate transactions and planned innovations in the legislation regarding the rent caused some present and future owners to adjust their plans.
The main event on the Montenegrin real estate market in 2015, I think the output and the practical application of the long-awaited law "On the provision of annual residence permits to the owners of an object and direct members of their families."
If we talk about trends in 2015, the principal, at least for English speaking customers, for the budget. The main thing - the budget has decreased. They began to buy more housing in Turkey in an inexpensive range of - € 40 000-50 000. Accordingly, the choice falls more on the remote areas of the center of Alanya - Avsallar and Mahmutlar, where land values, and hence the real estate is lower than in the center.
In Germany, the real estate market in 2015, we noted a tendency of further rise in prices for rental and purchase of real estate, especially vividly reflected in the major metropolitan areas. As for the buyers of the structure, the Germans and the Europeans were more buying activity, but the majority of Russians has taken a wait because of the crisis and the uncertain political situation in the country.
In 2015, we focused on the luxury real estate in Portugal. Many customers are interested in the opportunity to purchase a property with subsequent lease and obtain guaranteed income. These areas - the elite sector and investment properties - were in demand in 2015. I think, in the next they will also be active.
After three quarters of 2015 the citizens of Russia spent $ 743 million. To purchase real estate abroad, calculated Central Bank. This is two times less than in the same period last year. A similar trend was observed in the real estate market in Slovenia. However, it should be noted that the CIS citizens began to invest more in the business, including a passive income. Investors became careful approach to starting a business, conduct detailed market research. Since the third quarter has been a slight rise.
Albania - the only country on the Adriatic and the Ionian coast, in which the buyer of real estate, even if a foreign national does not pay tax on the purchase of foreign real estate. However, one of the trends that we are seeing now - is a gradual increase in the tax burden on the parties to the transaction. So far, this has touched only the sellers, which from 1 January 2015, the state is obliged to pay to the treasury is not 10%, and 15% of the transaction amount.
Another trend - is twofold. On the one hand - the introduction of "single window" system, standardization and computerization of the process of review and issuance of building permits in Tirana, Shkodra, Durres hinterland to attract local and foreign developers. On the other hand - a ban on "betonizatsiyu" coasts and the issuance of new building permits at a distance of 200 m from the sea throughout Albania. Interestingly, the moratorium does not affect the construction of major projects cottage villages of elite closed type, which was planned and already implemented by Albanian and foreign developers on the first line in the most beautiful part of the Albanian coast - on the Riviera of Flowers. And although the cost of apartments and luxury villas here will be above average in Albania - from € 900 sq. m, the price in 2016. will remain the lowest in the whole Mediterranean.
And the last is a clear trend by customers from Russia, Ukraine and the former CIS countries - the purchase of holiday homes by the sea, but "with a view" on the residence permit.
On the Thai market (Phuket) have more investment projects, respectively, increased the number of transactions. Great demand items with a guaranteed income of 7-8% per annum of the cost, with a contract for 10-15 years. The most interesting of these projects is under the control of well-known international hotel chains (Best Western Premier, Sheraton, Centara, Movenpick etc.). Developers in Thailand have become more flexible and offer customers payment by installments for 3-5 years at 5-7% per annum. This property in Thailand can be used for personal purposes as well as for rental after paying 50% of the cost.
In late 2014 the Dubai real estate market has slowed down development, and in 2015, and did began to diminish. This is true for both the number of deals and their volume. Of course, this could not affect the property prices in Dubai. On average, the purchase of apartments in Dubai, prices have fallen by 15-20%, depending on the areas and real estate categories. Prices for rental apartments in Dubai are at the same level, which makes the relatively high figure ROI. In fairness, I note that the Dubai real estate developers in no hurry to adjust prices. Almost all leave them unchanged. Although not increase.
The global financial crisis has not affected the real estate market of Switzerland, it is still stable, at least in the territory Italian speaking canton of Ticino, Lake Lugano, where our agency operates. I think a similar situation in other cantons. Our Canton still holds a leading position in transactions with foreigners because of their loyal policy toward wishing to purchase property and a residence permit in Switzerland. Moreover, there were periods when the rate of the Swiss franc is almost on par with the euro, and seemed on the verge of real estate prices begin to fall, but it did not happen. The main factors - this demand, which is still large and the limited supply, as well as the decline in mortgage lending rates to an average of 1.2% per annum.