In 2018, there is a noticeable growing interest in exotic destinations from ultra-well-off people who purchase resort real estate both for their own residence and for commercial projects. Based on customers’ point requests, the experts identify five exotic places that are particularly popular with wealthy Russians.

Mauritius

Interest in real estate on the island is growing largely thanks to the state program PDS (Property Development Scheme). Under the program, when investing from € 438.450, the investor automatically receives a permanent residence permit. In addition, the non-burdensome tax policy of the island nation contributes to a growing influx of investors. There are no taxes on inheritance and capital gains, as well as customs duties. The premium real estate market is rapidly developing in the country. It is dominated by offers from € 263.070 to € 1.753.800 for apartments and from € 876.900 to € 3.507.600 for elite villas.

Maldives

The Maldives includes 1,192 islands, each of which is unique in its own way. They are distinguished by a particularly pure ecosystem. Local legislation allows you to purchase objects solely on the rights of the long-term lease. It is most profitable for foreign investors to acquire a ready-made business in the form of commercial real estate or islands for the purpose of their development. The cost of the second option will depend on many factors but, in general, an object of about 2 hectares will cost the buyer € 2.455.320, and an island of 19 hectares € 16.661.100.

Thailand

Thailand is actively developing the practice of long-term residence. The starting price for Phuket is about € 87.700-131.540 for small studios for rent. Villas with plots in protected villages will cost at least € 876.900-1.315.350. The lack of property tax and the impossibility of confiscating housing, as well as a voluntary insurance procedure in Thailand attract numerous investors. The conditions created by the state for doing business provide them with the opportunity to receive a steady income from renting out real estate or operating hotel complexes.

Barbados

The main advantage for foreign investors in Barbados can be considered the lack of restrictions on the purchase of real estate. At the moment, the average cost of luxury real estate for 1 sq. m here is about €  8.330. After the crisis of 2008, prices on the real estate market became more affordable, which attracted many new buyers and raised the overall level of supply. So the cost of standard one-bedroom apartments starts from € 306.915, with two bedrooms from € 482.295, and villas from € 876.900 to € 8.769.000. On average, the input threshold for foreign investors is about € 1.753.800.

Seychelles

The Republic of Seychelles occupies 115 islands, but only 33 of them are inhabited. Tourism and foreign investment are the main income in the budget of the country. The state issues a monthly visa upon entry into the country, the term of which can easily be extended to six months. Prices for houses and villas start at € 170.995. At the same time, a house on the coast will cost at least € 890.054 Apartments are the least popular type of real estate in Seychelles. Their cost is on average € 6.138 per 1 sq. m. in the primary market, and offers are extremely limited.