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Real Estate FAQ
What Fees and Taxes Are Required When Purchasing Property in Turkey?
In contrast to the prolonged development of real estate taxes in our country, Turkey has long had its own method of collecting real estate taxes. In Turkey, real estate taxes are divided into two categories: land tax and building tax. Besides these two fees, what other costs do we need to pay when buying property in Turkey?
What taxes and fees are required when purchasing property in Spain?
When purchasing property in Spain, one typically pays 10% in acquisition costs, which is higher than in many other EU countries. Costs for new Spanish properties are slightly higher than for resale properties (e.g., an additional 1% or 1.5%). Most fees are based on the declared value of the Spanish property, which is often significantly lower than the actual purchase price.
What Types of Properties Are Available in Spain?
Spanish properties are diverse, offering a wide range of options from small apartments to large country estates, encompassing nearly all types. Each region has its typical Spanish properties, such as cortijos, masías, or pazos in the Autonomous Community of Galicia (typical rural Spanish properties).
Will There Be Changes to Property Tax Payments in Spain in 2019?
The property tax rates in Spain are regularly adjusted in response to market changes. Property tax is a primary source of revenue for local governments in various provinces and cities in Spain. In 2018, Spain adjusted the property tax rates in 21 provinces. In 2019, property tax payments in Spain may still undergo changes.
Should You Rent or Buy a Property in Portugal?
The overall real estate market in Portugal and the environment for property investment immigration to Portugal are currently viewed positively. So, what is the recent situation in the Portuguese real estate market? Considering the tax policies related to real estate in Portugal, is it more cost-effective to buy or rent a property to immigrate to Portugal?
What are the advantages of buying property in Greece?
Affordable prices: €250,000 can purchase up to three properties in the capital, Athens. High potential for appreciation: The financial crisis several years ago caused a significant drop in Greek property prices. As the Greek property market gradually warms up, now is the best time to invest at the bottom.
What are the rental yields after purchasing property in Greece?
The Greek economy began to recover in 2017, allowing investors to choose to start businesses locally or invest in commercial properties in emerging affluent districts. In addition, investment returns on European real estate consist of two other main components: the future appreciation of the property itself at the time of purchase, and the annual rental yield of the property.
What Should You Pay Attention to When Buying Property in Cyprus?
Upon arriving in Cyprus, new immigrants are certainly unfamiliar with the area, so there are several points to consider when purchasing property: it is essential to have a real estate agent and to be aware of market trends, and to pay certain service fees to real estate agents and lawyers when signing various property contracts.
Which area is best for buying a property in Athens, Greece?
Whether for investment or personal residence, Athens, as the capital of Greece, gathers a wealth of high-quality resources and comprehensive supporting facilities. The northern, central, and southwestern districts of Athens each have their own unique characteristics, allowing you to make an appropriate choice based on your specific needs.
What Should You Pay Attention to When Purchasing Property in Spain?
The policy for buying property in Spain for immigration is straightforward, but figuring out how to purchase the desired property after immigrating to Spain is the most challenging aspect. Let’s take a look at the expert analysis below.
How to Choose a Property When Buying a House in Lisbon, Portugal?
In recent years, the property investment immigration program in Portugal has garnered significant interest from overseas individuals. Buying a house in Portugal has become a focal point for many applicants, and selecting the right property in Portugal has become a necessary skill for those applying for property investment immigration.
What is the price per square meter for property in Portugal?
The Portugal Golden Residence Permit, also known as the Portugal Golden Visa, is designed for non-EU citizens who wish to conduct investment activities and reside in Portugal. It came into effect on October 8, 2012. So, what is the price per square meter for property in Portugal?