Overseas property is an excellent investment for Russians. Many citizens are interested in Spanish, Greek, Italian apartments for subsequent rental. But beautiful Barcelona and other cities conquer tourists with its picturesque places and attractions. Therefore, many people remain abroad, buying houses and apartments for permanent residence.
The state of the Spanish real estate market is encouraging for potential buyers. The lowest price growth rates were observed in local cities about eight years ago. But now there is no longer the past rise in the value of houses and apartments. The Russians are trying to find the most profitable option as soon as possible, but analysts are sure that in the next five years you can take your time. No drastic changes in prices for Spanish property are foreseen. Housing will become increasingly attractive from an investment point of view. According to the law, after five years of living in Spain, a Russian can obtain permanent residence, and after another ten years apply for citizenship of this country.
Spanish real estate can be divided into urban and resort. The latter is especially popular with wealthy foreigners. Not everyone can afford a country house or villa in Marbella or the Balearic Islands. successfully combines developed infrastructure with picturesque places and cultural attractions. The Spanish government is not against foreign investors. On the contrary, Russians are always welcome here with hospitality and offer optimal conditions for the acquisition of real estate.
When choosing an apartment or house in Barcelona, it is necessary to carefully consider the financial side of the issue, to take into account additional costs. The final cost always includes the price of real estate, tax, notarial and registration fees. For example, when buying a house or apartment for one hundred thousand euros, you will have to pay an additional 12-15 thousand euros. Another percent of the cost of housing will be legal services. If foreigners plan to purchase property in Barcelona, a bank account will be required. The buying process can be divided into several stages. This is the choice of housing, opening an account, signing a preliminary and final agreement, registration of real estate.