The pandemic and resulting social isolation have brought attention to the issue of loneliness. These events have demonstrated that loneliness is not only oppressive and devastating but also poses a threat to human health. The World Health Organization (WHO) has addressed the issue, and the European Commission has conducted a separate research on the risks and consequences of loneliness.
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
Tranio is pleased to announce that it is partnering with the ULI Europe Real Estate Forum, which is taking place in Copenhagen (18–20 June 2019) and features former Prime Minister of Denmark, Anders Fogh Rasmussen, as guest speaker.
In 2000, Finland lifted restrictions on all property acquisitions by foreign citizens excluding farmland and it generally only takes two weeks to finalize a transaction.
In Finland, costs for maintenance start at €1,000 for an apartment or holiday home. According to Pellervo Taloustutkimus, a Finnish think tank, property maintenance will gain 3.1% on average per year up to 2017.
Income and corporate taxes in Finland are relatively high. The annual real estate tax rate depends on whether the owner has their permanent residence in Finland.
Finland offers favourable mortgage terms to foreign nationals; however, some banks will only provide loans to borrowers with permanent residence permits (pysyvä oleskelulupa) or who have guarantors with Finnish citizenship.
Finland is a popular real estate destination for its neighbours from Scandinavia and Russia. They favour apartments in large Finnish cities, such as Helsinki, Tampere and Turku, as well as homes in the picturesque regions of Lapland and Lakeland.
Kirill Schmidt, Head of Financial Services at Tranio, explains how low and negative mortgage rates work around the globe.
Money is flooding into European commercial property markets. This article by Tranio expert, Yulia Kozhevnikova, reviews the top trends, destinations and segments to look at this year.
Sluggish economic growth, geopolitical strife and a spate of currency devaluations have seen increasing levels of capital flight from fragile states.
Most overseas property buyers are over 55 and already planning real estate succession before they sign the sales contract.
It’s been a chaotic year for real estate and foreign property investments but most markets are back on track for growth in 2016.
Russian buyers still dream of a second home overseas. Read on to discover the country’s top 10 locations in 2015.
The unpolished charm of Europe's
Buyers often wonder whether real estate agents are necessary when buying property. At Tranio, we truly believe they are. Read on to find out why.