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Overseas Property News
Foreigners buy 790 properties in Lisbon
In the first six months of 2022, foreigners bought around 790 residential properties in the Lisbon Urban Rehabilitation Area (ARU), representing an investment that amounted to €403 million, according to data released by Confidencial Imobiliário.
Published: 9 Nov 2022
Minimum investment amount for property acquisition under Greece Golden Visa program will be raised to €500,000
On 10 September, Greek Prime Minister Kyriakos Mitsotakis made an announcement and stated that the minimum investment amount for property acquisition under Greece Golden Visa program will be raised to €500,000.
Published: 12 Sep 2022
Price of student WG rooms in Germany rising rapidly
As students begin arriving in Germany for the new semester, many are facing significantly higher costs for student housing than they perhaps budgeted for. It’s not just energy and food that are getting more expensive, but also rooms in shared flats (WGs).
Published: 9 Sep 2022
Rent cap at 2% in Portugal
Rents in 2023 may be updated by landlords up to a maximum of 2 percent instead of 5.43 percent. This was announced as part of the plan to combat inflation and respond to price increases.
Published: 8 Sep 2022
Home valuations hit new record in Portugal
Property prices attributed by banks in credit applications rose for the 11th consecutive month in July, reaching a new record of an average of €1,417 per square metre.
Published: 1 Sep 2022
A new real estate boom in Thailand?
About 105,928 units are expected to be launched during the year, with a total value of ฿387 billion, which means a 40% increase in the total value of ready-to-move-in houses compared to 2021, with the number of units likely to increase to 75%.
Published: 17 Aug 2022
Property demand outstripping supply in Portugal
Almost half of the more than 12,000 homes that make up the 280 new residential developments launched in the first half of this year have already been sold, a clear sign that the supply in the Portuguese real estate market is far short of the country's needs.
Published: 11 Aug 2022
Apartments in Dubai’s prime spots see double-digit price increases amid real estate boom
Apartments in Palm Jumeirah were 18.8 percent more expensive in July this year, while prices of units in Burj Khalifa were up 17.8 percent
Published: 10 Aug 2022
New Zealand launches new investor migrant visa
The New Zealand government said on Wednesday that it had created a new investor migrant visa to attract experienced, high-value investors to invest in domestic businesses.
Published: 21 Jul 2022
House prices fall by up to 6,6 percent in major German cities
After years of high activity and spiralling house prices, the German property market is finally starting to cool off amid high interest rates and the cost of living crisis, figures from a recent study have shown. But while things are easing on the real estate market, the situation on the rental market remains tense.
Published: 20 Jul 2022
Cambodia Launches $100,000 Golden Visa With 5-Year Path to Citizenship
Cambodia’s Interior Ministry has announced the opening of its new residence by investment scheme, the Cambodia My Second Home program. Qualifying for the CM2H, which is a renewable visa with a validity of ten years, will require a US$100,000 investment.
Published: 19 Jul 2022
Gas bills could triple by 2023, Germany's Network Agency warns
The President of the Federal Network Agency has warned that gas prices for consumers could triple within the next year, and urged people to start preparing for significantly higher utility bills.
Published: 14 Jul 2022
Housing bill expected after the summer will make Spain’s housing problems worse, warn industry insiders
The housing bill currently going through the Spanish parliament in Madrid will exacerbate Spain’s housing problems and reduce new home building by up to 90%, warn industry insiders.
Published: 13 Jul 2022
Russian Interest in Montenegrin Real Estate Spikes Despite Sanctions
Central Bank on Thursday said Russians are once again the largest real estate buyers in the country – despite the Montenegrin government's support for Western sanctions on the Kremlin.
Published: 11 Jul 2022
Rising Indian interest to boost Dubai’s residential property market demand
Post-pandemic trend of wealthy resident Indians seeking to shift to relatively safe places is driving a rush to acquire properties in Dubai.
Published: 4 Jul 2022
Where are foreign investors looking to buy in Portugal?
Foreigners dominate the search for property in 10 Portuguese municipalities with less than 5,000 inhabitants, according to a study by idealista.
Published: 30 Jun 2022
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