Owning real estate abroad is not only a pleasant investment, but also concerns related to remote management. How to make this process as comfortable and efficient as possible? ????⠀ Two main formats: ✅ Facilities management: a management company, condominium, or realtor responsible for the maintenance of the property (fixed fee). ✅ Property management: a company that works with tenants and...
Property prices in Turkey continue to rise. In December 2023, the average cost of residential property reached $100,000, which is 84% higher than in December 2022. Price growth is observed in all regions of the country, but Istanbul has been affected the most. Prices in the capital of Turkey have increased by 73%. Despite the price increases, the demand for real estate in Turkey remains high. In...
Business in Greece, Piraeus Port: Unlocking Opportunities Business in Greece is an intriguing prospect, with its rich history, stunning landscapes, and a thriving economy. One of the cornerstones of Greece's economic success is the Piraeus Port, a vital player in the nation's trade and a gateway to global markets. In this article, we will delve into the world of business in Greece, with a special focus on...
Every year, Istanbul is carefully prepared to welcome the Christmas holidays with a magical atmosphere. This magical city becomes a fairy tale land with its streets adorned with historical textures, illuminated avenues and historical buildings. Hotels in different parts of Istanbul welcome their visitors with specially organised events, magnificent decorations and warm atmospheres to make the Christmas...
Cyprus Real Estate Cyprus is a Mediterranean island known for its historical and cultural richness, beautiful beaches and warm climate. This beautiful island is an attractive destination for those who want to invest in property or own a second home. Cyprus real estate market offers a diverse range of properties, making it a prime destination for those seeking attractive investment opportunities or a dream...
How to obtain citizenship in Cyprus? Introduction to North Cyprus North Cyprus, officially the Turkish Republic of Northern Cyprus (TRNC), is a captivating Mediterranean territory located on the northern part of the island of Cyprus. While it is recognized only by Turkey, the region operates with its own democratic government, stable economy, and independent legal and property systems. The area is...
RESIDENCE PERMIT IN GREECE under the category «GOLDEN VISA». Validity: 5 years Real estate investment threshold: 250.000€ / 500.000€ New threshold of 500.000€ based on georgraphic criteria: Central Athens Regional Unit: Athens Filadelfia-Chalkidona Dafni-Imittos Galatsi Kaisariani Vyronas Zografou Ilioupoli Southern Athens Regional Unit:...
What tax will have to be paid when buying property on the secondary market in Cyprus, and how to correctly calculate this fee - let's consider in the article. There is a fundamental difference in tax charges between buying new property in Cyprus and acquiring secondary housing. When purchasing property that has not yet been registered, VAT will be included in the price of the property. VAT is not...
Istanbul stands out as a fascinating city with its historical and cultural richness, magnificent architecture, exquisite cuisine and lively atmosphere. This metropolis, which has a strategic importance with its unique geographical location connecting east and west, bears the traces of many civilisations that have left their mark on world history. From its walls that smell of history in every corner to...
Special VAT when buying real estate in Cyprus How can individuals significantly save money when buying a house or apartment in Cyprus in 2024, and what conditions must be met? Let's take a detailed look. The price of new real estate properties in Cyprus includes value-added tax (VAT) charged at the standard rate of 19%. However, there is an opportunity to apply a reduced rate of 5% if the purchased...