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Property in Bulgaria, Turkey, Spain, Montenegro or Croatia?

Purchasing real estate abroad is a very tempting prospect. The global crisis has affected the cost of housing in Europe much more than in Russia, and now you can buy a cozy house by the sea here for the same price, and often cheaper than a one-room apartment on the outskirts of Moscow or a house in a cottage village in the Moscow region.

Property in Bulgaria, Turkey, Spain, Montenegro or Croatia?

Russians buy real estate near the sea, both for their own use and for renting apartments to visiting tourists.

Some of the most popular countries are Bulgaria, Turkey, Spain, Montenegro and Croatia.
property in Turkey

Turkey (in particular the Antalya coast) is still affordable and attractive for Russians, both in terms of recreation and in terms of purchasing real estate. The country’s legislation contributes to this in every way – individuals can not only purchase housing and land, but also make loans for this in local banks.

The cost of real estate depends primarily on the area and its distance from the sea. The most inexpensive areas are considered to be Alanya and side, where an apartment in a modern residential complex near the sea will cost 30 000-40 000 euros, and a modest Villa by the sea will “pull” 100 000 euros.

The most expensive areas are Belek, Kemer and Antalya.
property in Spain

If you decide to buy an apartment in Spain, you will also not encounter obstacles from the legislation. Most often, houses in this Sunny country are purchased by the British, Germans and French. Those who are looking for affordable housing in which they can spend their holidays should pay attention to the resorts of Valencia. This is where the most affordable apartments are located, of course, with the accompanying disadvantages in the form of many tourists in high season. An apartment not far from the sea can be purchased for 40000-50000 euros.

Tenerife is particularly popular with foreign citizens, and Ibiza and Majorca are popular with night – time entertainment enthusiasts.

In addition to their own homes by the sea, many foreigners are attracted by the possibility of obtaining a residence permit, and later citizenship in this European country.

Also, many people buy housing in Spain in order to sell it in a few years – the country is gradually emerging from the crisis, and real estate prices are rising.

Do you want to buy a property or get a residence permit in Spain? We recommend visiting the website of Diagonal Mar – a project for the sale of foreign real estate promoted by Tex, which has 25 years of experience in Spain.
property in Croatia

Buying property in Croatia is already more difficult. This can only be done by citizens of those countries that have entered into a mutual agreement with this state to purchase housing. There is no such agreement between Russia and Croatia, so only a legal entity can act as a buyer of property, the registration of which will require additional efforts and investments.

However, the result is worth it – the clear sea, pine forests and warm weather attract foreign citizens to the country almost all year round. The cost of apartments starts from 50,000 euros.

The most elite area of Croatia is Opatija, a city in the North-East of Istria. It is called the Croatian “Cote d’azur”, and real estate prices are appropriate here. Opatija is in demand among wealthy Russians.
property in Bulgaria

Real estate in Bulgaria is another popular option for investing money. Russians are mainly interested in houses and apartments located in the resort area on the black sea coast, or in ski resorts.

Any foreign citizen can buy a house in Bulgaria – for this purpose it is necessary to have only a passport and a sufficient amount. It is more difficult to buy land plots. To make a transaction, a foreigner will have to register as a legal entity.

Many Russians buy real estate in Bulgaria in order to move to this Sunny country after retirement. For older people, the procedure for obtaining a residence permit has been simplified. They only need a home purchase agreement and minimum funds for living (2 000 – 3 000 euros per year).

Real estate prices are much lower than in Europe. A small one-room apartment near the sea can be purchased for 25,000 euros.
estate in Montenegro

In Montenegro, foreign citizens are attracted by the magnificent nature, excellent ecology and mild climate. Many Russians buy housing not only for recreation, but also for future relocation to this country.

A foreign citizen who is an individual can buy real estate in Montenegro, but there are a number of restrictions for him. The plot should not have the status of a forest, and its area should not exceed 50 acres. It is forbidden to buy housing under construction. To circumvent these restrictions, you can register a legal entity on the territory of the country.

Montenegrin real estate is more expensive than apartments in Bulgaria. A small apartment not far from the sea you can buy for 40 000 – 60 000 Euro.

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