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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

Read also

Property transactions in Greece are to speed up from November 1-st
This is when the online property registry will become fully operational
Eurostat: housing sales in the EU have slowed down in 2022 after increase in 2021
However, in some countries the dynamics turned out to be quite the opposite.
Apartments are more popular than houses in the booming Larnaca property market
Most properties are purchased for residential purposes by locals.
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 volume of investments in European hotels has declined. But the situation will get better
This data is provided in the report of the HVS consulting company.
Greece introduces huge fines for “wrong” real estate transactions
Penalties will be implemented for paying in cash – there are still many such cases in the country.

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