Top 10 countries for overseas property purchase: the choice of Russians in 2015
Tranio experts has made a rating of countries where Russians prefer to buy property for recreation and investment in 2015. The majority of our compatriots (about 75 %) chose the budget accommodation in the popular resort locations (Bulgaria, Greece, Spain, Thailand, Turkey, Montenegro), for independent living or the subsequent delivery of object in rent. Another 25 % of investors from Russia have bought property in the countries with stable economy (Germany, France, United States) with the aim of preserving capital or in the tourist Mecca of the world (Italy, France) for vacation.
10. Montenegro
The purpose of the purchase: second home or apartment for holidays, renting or permanent residence.
The average budget purchases in popular locations:
- Budva — 110 thousand Euro
- Budva — EUR 100 thousand,
- Budva — EUR 100 thousand.
Budva — one of the oldest cities on the Adriatic and the most popular resort in Montenegro
Why Montenegro:
- easy purchase (unlike, for example, from neighbouring Croatia);
- the quality of facilities is not inferior to similar complexes on the coasts of Italy and France, while real estate prices in Montenegro several times below;
- the owners of property in Montenegro will receive a temporary residence permit for a period of 1 year;
- large selection of real estate in the new elite residential complexes;
- friendly locals with a close Russians mentality.
9. Thailand
The purpose of the purchase: second home or apartment for holidays, renting or permanent residence.
The average budget purchases in popular locations:
- Property in Pattaya — 50 thousand Euro
- Property in Phuket — 90 thousand Euro.
Many Russians prefer in winter to leave the warm ocean
Why Thailand:
- affordable rates on life and property;
- largest Russian community, there are Russian shops, schools and kindergartens;
- the exotic nature and the average annual air temperature is about +25-30°C;
- fresh and cheap products (especially popular seafood and fruit).
8. Greece
The purpose of the purchase: holiday accommodation.
The average budget purchases in popular locations:
- Crete — EUR 100 thousand,
- Macedonia and Thrace — 65 thousand Euro
- Athens — 60 thousand euros.
Greece is one of the most beautiful countries in the world
Why Greece:
- decreased after the crisis real estate prices;
- the opportunity to obtain a residence permit for a period of 5 years when purchasing property worth 250 thousand Euro;
- in Greece, the clean sea and the longest coastline (more than 15 thousand km) in Europe;
- favorable climate: summers are hot and dry, more than 300 Sunny days a year;
- local residents are friendly to the Russian.
7. France
Purpose of purchase: investment, holiday accommodation and rent.
The average budget purchases in popular locations:
- Cote d’azur (nice) — 500 thousand euros,
- Paris — 500 thousand euros.
Stay on the Cote d’azur prefer yacht owners
Why France:
- Paris takes second place in the ranking of best European cities for real estate investment due to the low taxes and mortgage rates;
- Cote d’azur is a prestigious place for the purchase of property: there is a rest movie stars and members of Royal families;
- on the Cote d’azur the best infrastructure for an elite holiday: casino 15, 18.5 thousand berths for yachts, 17 Golf courses, 38 restaurants Michelin;
- transport accessibility in Paris and nice there are international airports.
6. Turkey
The purpose of the purchase: accommodation for holidays and renting out.
The average budget purchases in popular locations:
- Antalya — 60 thousand Euro,
- Alanya — 57 thousand euros
- Istanbul — 66 thousand euros.
Up to 30% of resort real estate in Turkey belongs to the Russians
Why Turkey:
- low cost of real estate;
- the growing real estate market (housing price rose in 2010 only in 2015, prices have risen more than 10 %);
- Turkey is the sixth most popular world resort with the developed infrastructure;
- a residence permit for a period of one year with the purchase of the property;
- transport accessibility: direct flights with many major Russian cities;
- high demand for rental.
5. Germany
Purpose of purchase: investment, second home.
The average budget purchases in popular locations:
- Berlin — 200 thousand euros,
- Bayern (Munich) — 300 thousand euros.
Buying property in Berlin is a safe investment
Why Germany Is:
- stable and reliable market for investment (Germany — Europe’s largest and the world’s fourth largest economy);
- rising rents;
- developed market rent;
- German law protects the interests of the owner at the time of rental accommodation;
- mortgage lending in Germany is one of the best in Europe (loans are under 2 % annual for the term up to 20 years);
- high quality construction.
4. Italy
The purpose of the purchase: accommodation for holidays and renting out.
The average budget purchases in popular locations:
- Lombardy (lake Como and Garda) — 300 thousand Euro
- Tuscany — 300 thousand Euro
- Lazio (Rome) — 300 thousand euros.
Houses with views of lake Como are from 2.5−4 thousand Euro/m2
Why Italy:
- the first in the world in terms of development of tourism infrastructure;
- the diversity and richness of nature (beach, ski resorts, Islands, lake, 10% of the country’s territory is nature reserves);
- the swimming season lasts from may to October, the ski from November or December until April;
- a rich culture (the first in the world in number of world heritage of UNESCO);
- the world-famous kitchen.
3. Bulgaria
The purpose of the purchase: accommodation for holidays, rental or permanent residence.
The average budget purchases in popular locations:
- Burgas — 45 thousand Euro,
- Varna — 60 thousand Euro,
- Sofia — 60 thousand euros.
Varna is the largest resort on the black sea coast of Bulgaria
Why Bulgaria:
- low housing prices;
- the lowest in Europe real estate taxes;
- transport accessibility;
- mild climate;
- great location — on the weekend you can visit Greece, Romania, Turkey.
2. USA
Purpose of purchase: investment, holiday accommodation.
The average budget purchases in popular locations:
- New York city- 300 thousand Euro
- Miami — 275 thousand euros,
- Los Angeles — 460 thousand euros.
New York- the second most popular city for the purchase of property buyers from Moscow
Why US:
- a stable and developed economy (the us economy is the largest in the world, its GDP is 22 % worldwide);
- the property market is at the growth stage;
- high demand for rental (35 % of Americans rent);
- the resorts of Florida and California have well-developed infrastructure;
- New York- one of the most popular cities for real estate investment.
1. Spain
The purpose of the purchase: holiday accommodation.
The average budget purchases in popular locations:
- Barcelona — 235 thousand euros,
- Costa Blanca (Torrevieja, Alicante) — 100 thousand Euro
- Canary Islands (Tenerife) — 120 thousand euros.
Spain’s beaches are among the best in the world
Why Spain:
- the possibility to obtain a residence permit when buying a home;
- 320 days of sunshine a year, the average temperature is +17°C;
- more than 500 beaches marked with “blue flag”;
- a rich culture (third in the world in number of world heritage of UNESCO);
- affordable and regular flights from the UK;
Tranio recommends:
for budget resort real estate: Bulgaria, Greece, Spain, Thailand, Turkey, Montenegro;
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for the purchase of second homes in the resorts luxury: Italy, France;
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for a safe investment in a growing economy: Germany, USA, France;
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for rent: Bulgaria, Thailand, Turkey, France, Montenegro.
Yulia Gushchina, Tranio

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