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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. 

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

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EU updates rules for obtaining long-term resident status
The minimum requirement is to have resided in an EU Member State for at least five years.
RICS and KPMG have announced the results of the second quarter of 2023 in the real estate market of Cyprus
The rapid growth of property prices and rental rates continues.
The parliament of Cyprus has passed the law for a reduced VAT on first homes
Some deputies have noted pressure from the EU.
Are restrictions on short-term rentals in Cyprus just around the corner?
Cyprus Real Estate Agents Registration Council сalls to "reduce" and "do something" about the...
Greek Tax administration will cross-check real estate transactionsthat were conducted in cash
It is important to declare your transactions.
Greece is seeking ways to return 750,000 residential properties to the real estate market
The country has one of the highest rates of vacant housing in Europe.

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