The recession in Russia has caused quite a stir, but overseas property is still popular. In 2015, the majority of Russian citizens (about 75%) preferred budget property in popular holiday destinations like Bulgaria, Greece, Spain, Thailand, Turkey and Montenegro, but another 25% bought real estate for investment purposes, generally in Germany, Italy, France and the USA.
10. MONTENEGRO
What: second homes or apartments to rent out or for permanent residence.
Average property budget in popular locations:
- Budva, €110,000
- Budva Riviera, €100,000
- Bar Riviera, €100,000
Why Montenegro:
- simple buying process (compared to Croatia for example)
- good quality real estate at low prices
- one-year residence permit granted for property purchases
- vast choice of new property in luxury apartment buildings
- friendly attitude towards Russians
9. THAILAND
What: second homes or apartments to rent out or for permanent residence.
Average property budget in popular locations:
- Pattaya, €50,000
- Phuket, €90,000
Why Thailand:
- affordable real estate prices
- low cost of living
- large Russian community, Russian shops, schools and kindergartens
- exotic landscape and warm weather (25−30°C)
- fresh food at excellent prices (seafood and fruit are especially popular)
8. GREECE
What: holiday homes.
Average property budget in popular locations:
- Crete, €100,000
- Macedonia and Thrace, €65,000
- Athens, €65,000
Why Greece:
- lower real estate prices due to crisis
- residence permit granted for property purchases over €250,000
- Europe's cleanest seas and longest coastline (over 15,000 km)
- hot and dry summers, more than 300 sunny days per year
- friendly attitude towards Russians
7. FRANCE
What: investment, homes to rent out or for holidays.
Average property budget in popular locations:
- French Riviera (Nice), €500,000
- Paris, €500,000
Why France:
- Paris, second best European city for investment due to low taxes and interest rates
- French Riviera, luxury location with many elite visitors and property owners
- excellent infrastructure for luxury trips: casinos, yacht clubs, golf courses, etc.
- access: international airports in Paris and Nice
- world-famous local cuisine
6. TURKEY
What: homes to rent out or for residence.
Average property budget in popular locations:
- Antalya, €60,000
- Alanya, €57,000
- Istanbul, €66,000
Why Turkey:
- low property prices
- growing real estate market (prices went up 10% in 2015)
- excellent holiday infrastructure
- one-year residence permit granted for property purchases
- access: direct flights from major Russian cities
- high demand for rental property
5. GERMANY
What: investment, second homes.
Average property budget in popular locations:
- Berlin, €200,000
- Bavaria (Munich), €300,000
Why Germany:
- stable investment market (largest economy in Europe, 4th biggest worldwide)
- developed rental market with growing rates
- strong legislation that protects property owners
- low interest rates on loans (2% for up to 20 years)
- high quality of construction
4. ITALY
What: homes to rent out or for holidays.
Average property budget in popular locations:
- Lombardy (Lakes Como and Garda), €300,000
- Tuscany, €300,000
- Lazio (Rome), €300,000
Why Italy:
- excellent tourist infrastructure
- fabulous variety of landscapes (beaches, ski resorts, islands, natural parks)
- swimming season from May to October, skiing from November/December to April
- rich culture (biggest number of UNESCO world heritage sites)
- world-famous cuisine
3. BULGARIA
What: homes to rent out, for holidays or permanent residence.
Average property budget in popular locations:
- Burgas, €45,000
- Varna, €60,000
- Sofia, €60,000
Why Bulgaria:
- cheap real estate
- lowest property taxes in Europe
- ease of access
- mild climate
- close to Greece, Romania, Turkey
2. THE USA
What: investment or holiday property.
Average property budget in popular locations:
- New York, €300,000
- Miami, €275,000
- Los Angeles, €460,000
Why the USA:
- stable and developed economy (GDP makes up 22% of the global total)
- real estate markets on an upward trajectory
- high demand for rental property (35 % of Americans are tenants)
- excellent infrastructure in Florida and California resorts
- New York, one of the most popular cities for commercial investment
1. SPAIN
What: holiday homes.
Average property budget in popular locations:
- Barcelona, €235,000
- Costa Blanca (Torrevieja, Alicante), €100,000
- Canary Islands (Tenerife), €120,000
Why Spain:
- residence permit granted for property purchases
- 320 sunny days a year, +17°C average temperature
- 500+ "Blue flag" beaches
- rich culture (third for UNESCO world heritage sites)
- affordable and regular flights to Russia
Tranio
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