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Author: Efestio Real Estate (Efestio Real Estate)

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Real Estate Market in Turkey: Pros and Cons
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Real Estate Market in Turkey: Pros and Cons

The Republic of Turkey is one of the most popular regions in the world real estate market. The mild climate, the picturesque nature of the Mediterranean coast, beautiful beaches with clean sand, the highest quality of local infrastructure and affordable prices create ideal conditions for attracting home buyers in this country. Advantages and Disadvantages of...

Property Taxes in Cyprus
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Property Taxes in Cyprus

In most European countries, property owners, regardless of their nationality, must pay annual property taxes. Cyprus is no exception. In recent years, the authorities of the country, trying to attract capital to the housing sector, are actively reducing taxes. Immovable Property Tax (IPT) Until 2017, the main tax that was levied on all property owners...

Awesome News for Foreigners from UAE
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Awesome News for Foreigners from UAE

Authorities of the UAE (United Arab Emirates) made a grand step towards the foreigners. It was concluded to permit to obtain visas for staying in the country for a much longer period after retirement.   This pleasant news was announced by Emir of Dubai Mohammed ibn Rashid al-Maktoum, the Vice-President and Prime Minister of the...

Real Estate Market in Sweden
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Real Estate Market in Sweden

Despite many factors driving the Swedish real estate market down, statistics show that real estate in Sweden has good prospects for development. The fall in housing prices in this country is gradual, and the reasons for the decline are due to the inadequate commissioning of new buildings and the poor development of the mortgage market....

Russians’ Abroad Property Interests in Summer 2018
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Russians’ Abroad Property Interests in Summer 2018

In the summer of 2018, Russians were most interested in buying or renting real estate in Bulgaria, Spain, Italy, the US, and Germany. Unpopular among our compatriots turned out to be the real estate in Hong Kong and the Caribbean. Such data has been given at a press conference in the Moscow office of Sotheby’s...

The main taxes when buying a property in Tenerife
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The main taxes when buying a property in Tenerife

Tenerife is part of the Canary Islands, the territory of Spain. The Canaries have their own government and a special tax status within the European Union. Accordingly, your investments are protected by European law, but you pay less taxes. For foreign citizens, there are no restrictions on the acquisition of real estate in Spain, Tenerife....