Russian and CIS property transactions abroad are declining but demand for commercial property is picking up the slack.
Russia’s recession has hurt foreign investments, but it has not affected their buying habits as buyers continue to seek out luxury residential property abroad.
Location, budget, returns on investment, lease agreement, acquisition and maintenance costs are key elements to inspect before buying commercial property.
Investments into Austrian commercial property have been growing steadily since 2014.
Title deed transfer tax in Austria is 3.5% of property value.
Ageing population is a hot topic in Europe and with many countries facing this unresolved challenge, retirement homes are quickly becoming an attractive market.