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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

Greece is going to introduce new taxes on short-term rentals
The value-added tax (VAT) will be imposed on those owner-managers who have three or more properties.
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.
There are changes on the real estate market of Cyprus: Limassol and Paphos have mentioned less property transactions
International buyers are turning to new favorite locations.
The results of the last quarter of 2023 on the Cyprus real estate market have been revealed
The local property market performed robustly, despite all the unfavorable factors.
Hourly wages in the EU increased by 4.4% in 2022
Hourly salaries in 2022 increased the most in Lithuania, Estonia and Croatia.
Cyprus is considering relaxing the requirements for obtaining a residence permit
Investments in local housing and insured annual income will be required.

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