You can now buy a villa abroad cheaper than an apartment in your home capital
There can be many reasons for purchasing real estate. The simplest is to buy an apartment or house for living. But it is worth considering that buying property abroad is a good opportunity to earn money. For quite some time, real estate and land plots, including those abroad, have been significantly cheaper than apartments in Kiev or Moscow. For example, for the cost of a one-bedroom apartment in a good area of Moscow, you can buy a small, fully furnished two-story house with a garage and a swimming pool near the sea in Cyprus. Moreover, such a purchase will bring much more advantages and income than an apartment in Moscow.
To understand the essence of this endeavor, it is necessary to know that by owning real estate in Cyprus, by law its owner practically receives the same rights as local residents. This gives many advantages against the backdrop of constant price increases on purchased property year after year. If you cannot afford to buy a house, you can purchase land plots, the price of which is also continuously rising. In addition, as the owner of your own house in Cyprus, you can vacation there at any time of the year; also, while you are away, you can rent it out.
There are many companies that will find clients to rent your house, control the stay of vacationers, ensure timely payment and, taking their commission, transfer money to your bank account once a month. All this applies to land plots, houses, apartments, studios, villas, etc. It is important to note that the rental cost of a house in Cyprus significantly exceeds the rental cost of an apartment in Moscow.
In addition to Cyprus, countries such as Spain, Turkey, the Czech Republic, the Netherlands, Bulgaria, Egypt, and the UAE are very attractive for purchasing real estate. Land and property in these countries have not yet reached their maximum price and will continuously rise in the coming years. If we consider an average real estate purchase transaction in such countries, over the year, on average, it will yield about 7% net income, not counting the increase in its value. This means that property bought abroad, in the worst-case scenario, pays for itself completely within 14 years. Also during this time, its appreciation will be approximately 150%.
Based on this, by buying a house in Cyprus for $200,000, after 14 years this amount returns to you, and you remain the owner of a house worth $500,000, which totals 250% net, and most importantly, passive income. At the same time, there are countries where the appreciation of real estate is tens of times higher than the rate of appreciation in Cyprus.
It is no coincidence that buying real estate is considered one of the most stable capital investments worldwide. Perhaps it is time to see this for yourself.