The new reality makes you think about tomorrow and prepare the ground so that you can be on the balcony of your own apartment near the south coast at the moment. But here’s the trouble: states tighten the screws, and it becomes more difficult to buy real estate. There is a way out! We will tell you about four countries where it is easiest to buy apartments.
The Republic of Turkey
Turkey remains the most affordable country for buying real estate. The authorities are trying to reduce the flow of migrants, but it will not be a problem to issue documents for a purchase and sale transaction. Statistics prove this: in July, foreigners made 3,939 transactions, of which 1,421 objects were purchased in Antalya, 1,154 in Istanbul and 289 in Ankara.
The market will satisfy any customer’s request. Developers are renting out innovative facilities with developed infrastructure: the complex will have a swimming pool, spa, gym, playground, tennis court, football field and more.
In Turkey, you can easily pay for new housing, despite the sanctions. Turkish banks allow Russians to open accounts, and developers are not asleep — some have started accepting in rubles.
Montenegro
Russians invest in real estate in Montenegro because of convenience: the prices of the objects are acceptable, it is possible to rent an apartment and return investments, and in the summer come with your family and bask off the Adriatic coast. The average rental yield is 3.5—6.5%. Usually, a long‑term rental of a 1-2-room apartment costs 600-800 € per month.
The procedure for buying apartments in Montenegro is simple. In short, you only need to go through four steps: select an object, then pay for a new property and tax, and register ownership. Now there are problems only at the payment stage — banks in Montenegro are reluctant to open accounts for Russian citizens. If you already have a foreign account, you are lucky, if not, then this issue is solved with the help of Montenegrin specialists, even remotely.
United Arab Emirates
High standard of living, developed infrastructure, liquid real estate and low taxes for businesses are the reasons why Dubai is most often chosen. The state consists of expats, the authorities are ready to accept your investments and allow you to earn both on rent and open your own business.
For reference: now the corporate income tax in The UAE is 0% for many companies. From June 1, 2023, a new rule will come into effect: if the company’s income does not exceed 102 thousand. $per year, the tax remains zero. If the business brings in more, then you will have to pay 9% per year.
You can buy real estate in Dubai without hindrance. The stages of the transaction are the same as in Montenegro. I came, chose and bought it. Foreigners in the Emirates have no problems with payment, in any case, cryptocurrency is in demand here.
An important addition is that your presence in the country is optional, the paperwork for the fee will be handled by a professional realtor. On average, the desire to purchase apartments in It will only take one month for the UAE to receive ownership rights.
Greece
You can still invest in Greece. There are no restrictions on the number of facilities in this country, the main thing is to choose apartments that are not located in border areas (according to Greek laws).
The Golden Visa program for foreign citizens has been in operation since 2005. However, on September 10, Greek Prime Minister Kyriakos Mitsotakis announced that the investment threshold would be increased by 50%, then the visa would really get rich and would cost from 500 thousand euros.
Such amendments are created so that Greeks can buy real estate for smaller amounts. Due to the affordable housing purchase procedure, investors bought up most of the market. Now the economy is stabilizing, prices for apartments and houses are rising, so it is becoming more difficult to make profitable investment deals in Greece.
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