Greece has launched temporary fiscal measures to reinvigorate the country’s real estate market and construction sectors after the COVID-19 crisis.
Burgeoning plans to reopen the abandoned Hellenikon airport of Athens aim to create a groundbreaking tourism hub in the region.
Uruguay is launching a fiscal residency program in July that offers attractive tax rates in return for investment into the local economy.
The 2010s were a prosperous decade for real estate in the Czech Republic, which has seen the number of sales and rent contracts grow exponentially thanks to several factors such as the recovery from the 2008 financial crisis, the development of tourism in the country, and the appearance of short-term rental platforms such as Airbnb.
Amid the COVID-19 crisis, the property sector in the Czech Republic is holding up better than most European countries.
Due to improvements in the COVID-19 situation, several Caribbean states have opened their airports and are ready to examine new citizenship by investment requests
Breaking: Malta will soon stop accepting new citizenship through investment applications - though not for ever
People more inclined to search for rural real estate and avoid bank loans
Several French media outlets predict that the crisis will slam real estate prices for most of 2020, but that they will soon recover.
The sector is holding up better than many experts predicted.
Due to the economic instability and insecurity caused by the COVID-19 epidemic, the Greek government has devised special measures to help people who are struggling financially, including tenants who can no longer afford to pay rent.
As COVID-19 continues to disrupt the world economy, countries are implementing special laws in a bid to protect their citizens some breathing room financially. The British, German, and Dutch governments have banned landlords from issuing lease forfeitures if tenants fail to pay rent – they’ve also placed a moratorium on all evictions.
Despite an unstoppable growth in real estate prices in France, luxury properties keep finding buyers ready to settle in Paris or on the Côte d’Azur at any price.
There’s hope that property markets will hit their pre-virus levels before the end of the year, but nothing is certain at the moment.
The five-year rent cap in Berlin is radically changing the capital’s real estate market.
Countries in Europe are complaining that the island’s lax stance encourages money laundering and tax evasion, especially by Russians.
Previously stalled schemes are now up and running across the country as the government tries to address knock on effects of rising rents.
Potential investors of French real estate should be aware of the government’s new surveillance powers to crack down on tax evasion.
French newspapers L’Obs and Le Point report that real estate prices in Paris continued to increase in 2019, attracting rich buyers while pushing less wealthy residents towards the suburbs of the French capital.