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Overseas Property News
Government rejects ending golden visas
No new changes will be brought in relation to golden visas and the online platform for submissions is now up and running again. Parliament has rejected the proposals of the PCP, BE and PAN to end golden visas, as well as the proposal by Chega who called for the enlargement of the regime.
Published: 23 Jun 2022
Paphos, Limassol property market booming
Real estate agents in Limassol and Paphos are reporting the highest demand from foreign buyers and Cypriots for homes since 2020 when the government ended the disgraced citizenship for investment scheme.
Published: 20 Jun 2022
Costs of rent in Dubai increasing at the fastest rate since October 2014: report
The June 2022 edition of the Dubai Residential Market Snapshot published by CBRE shows that apartment and villa rents in Dubai are increasing at the fastest rate since late 2014.
Published: 15 Jun 2022
Golden visas up 94% in Portugal
Last month, 112 golden visas were granted, of which 93 were for the acquisition of real estate, according to SEF data.
Published: 14 Jun 2022
Commercial real estate sales bolstering golden visas program in Portugal
Golden visa investors are increasingly focusing on commercial real estate, which is not covered by the new rules in place.
Published: 8 Jun 2022
Property market in Portugal remains “resilient”
The war in Ukraine has brought “renewed geopolitical uncertainty, contributing to inflationary pressures and rising cost of living”, concludes Savills, however, that if there is any sector that has already shown to be resilient, it is real estate.
Published: 7 Jun 2022
Relentless rise in Cyprus property sales
For a fifth consecutive month, the number of property sales in Cyprus hit a 14 year high in May as measured by the number of contracts deposited at Land Registry offices.
Published: 6 Jun 2022
Germany fell short of housing construction target in 2021
Rents in Germany have been on the rise for some time. Demand for housing in the federal republic has continued to soar over the past few years, while supply has dwindled. To make matters worse, Germany fell behind on its construction quotas again last year.
Published: 3 Jun 2022
Ataturk Airport to become Istanbul Ataturk National Park
Ataturk Airport was Istanbul’s major International Airport Hub before the construction of Istanbul Airport, Ataturk’s modern successor. Located on Istanbul’s European Side, Ataturk Airport occupies some of the finest, well connected, and vast land within the city limits. The total area of the holding amounts to 8.5 million m². The future allocation of that 8.5M for the “People’s Park” project will be around 5.2M m².
Published: 1 Jun 2022
Turkey to address soaring rents as house price index leaps 110%
Turkey’s residential property price index (RPPI) continued to move northwards and surged an annual 110% in March in nominal terms, official data showed.
Published: 26 May 2022
Euro zone's overpriced housing market may sag if rates rise, ECB says
The euro zone's overpriced housing market may sag if mortgage rates rise faster than inflation, exposing debt-fuelled bubbles in some countries, the European Central Bank said on Wednesday.
Published: 25 May 2022
Montenegro Promises EU to Terminate ‘Golden Passport’ Scheme
Prime Minister Abazovic on Thursday in Brussels vowed to end the economic citizenship program by December 31, following criticism of such programs by the European Commission.
Published: 24 May 2022
Dubai real estate soars to highest transaction volumes ever recorded in the first four months of the year
Despite higher financing costs and high rates of inflation, activity in Dubai’s residential market continues to remain at historic highs, experts said
Published: 20 May 2022
Turkish house sales rise 38.8% in April; Russians top foreign buyers
Turkish house sales rose 38.8% in April on the year to 133,058 houses, data from the Turkish Statistical Institute showed on Tuesday, with more than double the houses sold to Russians compared to a month ago as they sought a financial haven.
Published: 17 May 2022
Dubai the most profitable city in the world for Airbnb landlords
Dubai is the most profitable and expensive location in the world for Airbnb landlords, particularly for owners of properties near Burj Khalifa, a survey by UK-based landlord insurance company CIA Landlords has found.
Published: 16 May 2022
Real estate market of Dubai booms in first quarter
Property investors from the UK, Italy, and France claimed prime spots in the top-10 list of foreign investors in Dubai as the emirate’s real estate sector witnessed the dominance of the secondary market in the first quarter.
Published: 12 May 2022
Turkey Introduces $75,000 Minimum on Property for Foreigner Residence Permits
According to the latest decision by the Presidency of Migration Management of Turkey, foreigners who wish to obtain short-term residence permits or family residence permits via purchasing immovable property in Turkey will be subject to a minimum value as part of updated criteria.
Published: 12 May 2022
House prices on Germany’s North Sea islands skyrocket
A recent report has revealed that house prices on Germany’s North Sea islands are increasing significantly. Local authorities are trying to combat the problem, with plans to prohibit the construction of new holiday homes being discussed.
Published: 11 May 2022
The number of properties for sale in Italy falls by 2.8%
In an overview of Italian real estate in 2021 and 2022, data shows that the supply of homes for sale fell by 2.8% during the first quarter of 2022, i.e. the number of properties for sale in Italy decreased by this amount. This is compared to the same period last year, according to a study published idealista. In Rome, supply fell by 10.7% over the last twelve months, while in Milan it grew by 2.1%.
Published: 5 May 2022
May 2022: 9 changes affecting expats in Germany
A new month can only mean one thing: more changes are coming to Germany. From the census to the end of COVID testing in kitas, here are 9 things expats should look out for in May 2022.
Published: 4 May 2022
Marina 101: Dubai's second-tallest building 'close to completion'
Marina 101, the second-tallest building in Dubai behind Burj Khalifa, is "close to completion", said The Real Estate Regulatory Agency (Rera) at Dubai Land Department (DLD). Construction started in 2007 and was scheduled for completion in 2014, but while it hasn't been a smooth ride for investors, there now appears to be fresh hope.
Published: 29 Apr 2022
Turkey. Karaca Island for sale for $24.3 mln
The owner of Karaca Island, located in the Gökova Gulf, has updated the island’s sale price from 145 million Turkish Liras ($9.8 mln) to 360 million liras ($24.3 mln).
Published: 28 Apr 2022
Germany. Majority of Renters Believe They Will Never be Able to Buy a House
Property prices have been rising rapidly in Germany for years, not only in the major cities but increasingly in rural areas too. According to a new survey, the majority of people renting in Germany now believe that buying a house in their desired area would be beyond their financial capabilities.
Published: 27 Apr 2022
Marbella: All the Details About the World's Best Luxury Real Estate
Vista Lago Residences is an elite residential project. It consists of 18 luxury villas, which are located on the slopes of the hills in Marbella with a picturesque view of the Mediterranean Sea.
Published: 26 Apr 2022
Malta Reportedly Open to Ending Citizenship by Investment Over EU Pressure, Dwindling Revenue
The Times of Malta reports to have obtained statements from “senior government sources, including cabinet ministers, civil servants, and external advisers” confirming that Prime Minister Robert Abela, who recently won another term in office, is contemplating a potential end to the country’s MEIN policy.
Published: 22 Apr 2022
Dubai South to have ultra luxury golf community
Discovery Land, a US-based luxury real estate developer and operator of private residential club communities, signed an exclusive agreement with Dubai South having purchased a plot of land in the community for Dh1 billion ($272 million).
Published: 21 Apr 2022
Growing demand for real estate in Montenegro increased apartment prices by 10%
The wave of rising prices has not bypassed the real estate market of Montenegro. Prices for apartments have increased by ten percent since the beginning of the year, so in Budva it is difficult to find an apartment below two thousand euros per square meter, and in Podgorica this price has exceeded 1300 euros per square meter.
Published: 21 Apr 2022
Higher Rates Start to Cool Canada’s Hot Housing Market
Canadian home sales posted their biggest decline since June as rising interest rates begin to cool the country’s red-hot real estate market. National home sales fell 5.4% in March from the previous month, with new listings also declining by about the same amount...
Published: 21 Apr 2022
Russians Climb Dubai Property Ladder as Sanctions Imperil Wealth
Russian buyers snapped up Dubai real estate in the first quarter of this year, climbing two places to fifth in a country ranking by brokerage Betterhomes.
Published: 20 Apr 2022
UAE Cabinet Approves New Entry, Residence Scheme for Foreigners
The United Arab Emirates’ cabinet approved regulations on entry and residence of foreigners, formalizing a process aimed at giving expatriates a bigger stake in the economy.
Published: 19 Apr 2022