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Global real estate market news: January 2024

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Our pilot news-block on Prian.info

The main topics on the agenda:

  • Greek golden visa was the world’s most popular in 2023. By the end of November, Greece had received an all-time record of 7,752 applications for obtaining a residence permit – already 78% more than in the whole year of 2022.
  • The new rules for short-term rentals in Turkey. The new regulations on daily accommodation rentals for tourism purposes have come into force on Jan. 1, 2024.  We have prepared an overview of the main requirements.
  • Bulgaria joins Schengen. Romania and Bulgaria have reached an agreement with Austria to join the European Schengen area of free movement by sea and air from  March 2024. The question of the opening of land borders has yet been postponed. It is interesting how joining Schengen will affect the real estate market of these countries.
  • 2023 promises to have been the most productive year on the real estate market of Cyprus. The number of property sales in Cyprus in 2023 has reached the highest level in 15 years. 

Quoting conditions of Prian.info materials

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Tags: Market Analysis, Immigration, Investment, Rent, Real Estate, Immigration programs, Cheap property, Residence permit and citizenship

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Cyprus property market remains buoyant despite challenges
2023 promises to have been the most productive year on the market in the last 15 years.
European lawmakers have agreed on a draft regulation for data collection and sharing for short-term rental services
The landlords and online platforms will have to send monthly reports to the authorities.
Global real estate market news: February 2024
We are happy to introduce our second news-block dedicated to the most significant events on...
There is a huge gap between the asking rental prices by landlords and the actual rental rates in Athens.
In some districts the gap can escalate to as much as 35%
Apartments are more popular than houses in the booming Larnaca property market
Most properties are purchased for residential purposes by locals.
Greece is going to tighten the conditions of the popular investment program
The move aims to combat the crisis in the real estate market.

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