The most popular countries for buying real estate from Russians from January to June 2024 were France, Indonesia, the United Arab Emirates, Cyprus and Spain. This is due to the high return on investment and the possibility of obtaining a residence permit.
RBC with reference to Ricci analysts | Foreign real estate” writes that owning real estate in all these countries gives legal grounds to obtain permission of various status to stay in the state.
Mikhail Belyaev, a financial analyst, PhD in Economics, noted in an interview with Free Press that it is extremely difficult to consider such an approach as a long-term investment. This is most likely not about money, but about subsequent migration.
“Such people buy a platform for a lifestyle that they want to change, they feel that it will be more comfortable for them there — for personal reasons. Maybe there are some job prospects, especially now you can work remotely, maybe it’s the climate, if we’re talking about Indonesia, Bali, the UAE. France is presented as a country of such capitalism, and Spain, in a sense, too. That is, this is a lifestyle change for a variety of reasons,” the source explained.
If we talk specifically about real estate investments in these countries, then, according to the analyst, there has long been an opinion that it is more stable there. And this is not a question of money, profit or profitability of investments.
“How to consider an investment in its pure form is stupid today, in any case, it is ambiguous. Somewhere in Bali or Spain, you can rent this apartment, get some money. But this is still not a commercial option, but an option of such a psychological nature and the purchase of a platform, a base for further relocation,” Belyaev added.
Earlier it became known that the price of air tickets in Russia against the background of demand in the first half of this year increased by almost 20%. On average, according to the Federal Antimonopoly Service (FAS), it amounts to 9150 rubles.