Туризм. Англійська мова / Investing in real estate resorts
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Investing in real estate resorts
Investing in resort real estate remains relevant for Ukrainians with the aim of preserving and increasing funds through rent. Fellow citizens to buy the cottages, villas and apartments in the resorts not only for earnings but also for private holidays and also for the opportunity to obtain a residence permit abroad. Popular seaside property in Bulgaria, Spain, Turkey, Cyprus and other countries. How to choose holiday property for investment To determine the best option for investment, it is important to set goals. This will depend on what house or apartment to stay and in what area is better to buy.
How to choose a residential area for rent To the apartment or house on the beach or on a ski slope make a profit, you need to stop at the popular tourist towns and resorts. Here you will have customers throughout the tourist season. The house should be located close to the beaches, and if you navigate to a ski resort, in the vicinity of places to ride. The region needs to be developed infrastructure, transport accessibility. These are the main criteria, which will draw the attention of potential customers. Tourists are also attracted by colorful and branded. Here earnings significantly higher, but the cost per square meter is appropriate. Next, consider how many months a year you will be able to rent to rent. This period depends on the duration of the tourist season and demand for housing in the offseason. Having a house or Villa in Cyprus can count on the visitors within 10 months of the year. Buying an apartment to rent in Spain, Bulgaria, Turkey and other European countries, carefully selecting a city.
Ukrainians invest in housing abroad On European seaside resorts in the best case, the season lasts from April until the end of October. Therefore, choosing the city, find out never stops, whether there is life in the off-season, otherwise the demand for the apartment will be only for 5-7 months a year. To take property any time of the year you will succeed without any problems, not only in major economic and tourist centres like Valencia, but also small towns. For example, apartments in the Spanish towns of Torrevieja and Benidorm are actively rented in both summer and winter. To Nov 2017 the minions for booking of apartments through Airbnb has been such European cities: Porto, Madrid, Lisbon and Athens. The leaders of the rating of popularity among the tourists should pay special attention. When choosing a home resort rental, consider the following:
proximity to beaches or ski slopes;
the convenience and security area for living and recreation;
the relevance of rental property at different times of the year;
taxes in the period of delivery of property in rent and in case of downtime;
the amount of potential profit from rental;
the rationality of planning for tourists.
But even with careful analysis, some unforeseen circumstances may affect the demand for property in a particular city. It happened with Barcelona after the October referendum in 2017. As reported Travel+Leisure the number of tourists in the city will decrease by one fifth. Trend will adversely affect the income of the local landlords. In turn, such events attract increasing interest in Valencia, Madrid and other major cities in the country and, consequently, the relevance of buying an apartment in them grows.
How to choose a house by the sea for themselves If you are investing with the aim of saving money and plan to use the house for own stay and accommodation, you can stay on the less picturesque and popular cities. Don't forget to analyze the region you are interested in, for their own convenience. If in the first case, because of relevance of the objects on the coasts of Cyprus, Spain, there is beneficial to stay on in Bulgaria and Turkey. The contents of real estate in these countries is cheaper, which is especially important if the property will not be profitable. In the context of selection of holiday homes for yourself, take into consideration such criteria:
compliance apartment of the city's infrastructure to your preferences;
the cost of home maintenance and property taxes;
the possibility and security of the content object during periods of inactivity.
If you buy resort property with the aim of obtaining a residence permit (residence permit), consider the peculiarities of the legislation of the country. In most cases entitled to a residence permit is issued only if property price not below the established minimum amount. For Spain it is 500 thousand Euro, for Cyprus and Bulgaria and 300 thousand euros for Greece – 250 thousand euros. In each case, should assess the state of the market in a particular city and in the country as a whole. For long-term investment it is best to stay in the settlements show a steady increase in prices and demand. Best option will also be cities that are in the recovery phase, in which after the fall of the average cost per square meter began to rise. Trend is typical for Lisbon, Barcelona, Sofia and the like.
Properties by the sea: popular destinations abroad Consider a few popular countries for investment. What the associated costs are waiting for you at the time of purchase and keep the house in each of them.
Properties in Bulgaria – availability and convenience The prices of Bulgarian apartments start from 15 thousand euros, but in the resort area for a modest apartment will have to pay a little more – at least 20-25 thousand euros. This apartment is located on the coastline, so in holiday season you will easily be able to rent it out. Selecting housing for yourself for the same money you can buy the object, but not near the sea, 15-20 minutes drive to him. Due to the low taxes, the initial contributions will be about 4% of the cost. The transaction will need to pay 2-4 thousand euros. The official receiving the rental income to the Treasury to pay 10% of the profits. In the country is low property tax and affordable content. In General, these costs for a one-bedroom apartment will be around 500 euros per year. Therefore, Bulgaria – best option for investment, even if housing will annually idle for several months.
Property in Cyprus – a history of luxury Prices for apartments by the sea on Cyprus above. In a popular, promising resort centre of Limassol they reach tens of thousands of euros per square meter. Much more affordable prices in the cities of Larnaca and Paphos. Where you can buy real estate at the sea in the range of 100 thousand euros. The advantage of Larnaca that the city is just 7 km from the main international airport of the island. Both cities have well-developed infrastructure and offers you a relaxed, quiet atmosphere. Ayia NAPA is another popular in the investment plan of the city with relatively affordable prices but it is aimed more at active and rest in the night. Therefore, it is better to buy residential area for renting to tourists. By purchasing real estate, you will have to pay the tax for conveyance of property in the amount of 3-8%. Even budget apartments on the coast of the island will cost about 1 million euros annually. But earnings in the local objects is quite high. Well-developed infrastructure, high level of security and life, a pleasant climate and record-Europe's longest holiday season. All this makes Cyprus property attractive as an investment, to earnings, and the departure for permanent place of residence. And while the apartment is not rented, it is convenient to use for their own recreation.
Resort estate by the sea in Spain Quality modern apartment in Spain in a large tourist center is practically the same as in Cyprus. At affordable prices, from 1,000 euros per sq m, it is possible to get housing in Torrevieja, Alicante, Valencia, Las Palmas. And in Marbella and Barcelona, even a modest apartment can cost several hundred thousand euros. Buying a new property, you will have to pay 10% VAT and buying property on the secondary market – 6-10% tax on conveyance of property. Having a house in Spain, you need to be prepared to pay quite high premiums, especially if the property is rented. As the company said Tranio that non-residents have to pay tax on the profit from living space, even if they don't rent it out. The amount of property tax exceeds 1.3% of the cadastral value. Income tax in the case of delivery of housing to rent is 24% of income. If you are a nonresident and did not pass the estate, the profit is set at 2% of the cadastral value. From this amount will have to pay 24% annually. In addition, the service object will be to spend about 1000 euros per year. Why Spain is not the most convenient option to the property was idle. Here, your investment needs to work actively.
Property near the sea in Turkey – the best solution In Turkey, a few hundred meters from the coastline you can find the object almost at the Kiev prices. Buy cheap property in Turkey right by the sea convenient and profitable on the popular resorts of Alanya, Antalya, Bodrum, Marmaris. Modern Studio apartments here you can find at a price of 40 thousand euros. And two-bedroom apartments in Antalya, Alanya offer of 50 thousand euros. The neighborhood inexpensive real estate on the coast you can choose a Villa or a cottage with a renovation design for 1-2 million Euro. If you want to get a stable income not only in the holiday period is to stay in the apartment in Istanbul or Ankara. This is business, so the prices per square meter here is higher. In prestigious areas, prices start from 3 thousand euros per sq. m. For the price it is worth adding the fees of 4% of the cost paid at the time of registration of the agreement. The costs of the facility will be 500-700 euros a year, and finding customers in the holiday season with no problems. Renting a Turkish residential area rent will have to pay a tax of 15-35% of the profits. Rate varies depending on the amount of income per year. There is no tax if you earned more than 3 thousand lire a year, is less than 700 euros Turkey will suit those who expect a budget of several tens of thousands of euros and wants to get convenient housing on the shoreline. This can be as a long-term investment for the purpose of income on rent, and savings and short-term attachment to the object under construction, for sale at a better price after its commissioning. The directions for investments are very popular among Ukrainians due to optimal taxation, the attractiveness of the infrastructure of resorts and high market potential.
Real estate at the sea in Ukraine: popular cities For those who prefer to invest in the Ukrainian residential area, there are also many choices of holiday homes for almost every taste and in every price range. Depending on the financial possibilities and other factors to stay on the black sea or Azov sea coast.
Apartments and houses near the Black sea One of the most popular resorts in Ukraine – Odessa. The city plays an important role in the cultural and tourist life of the country, with good infrastructure, has a variety of attractions, entertainment, tourist sites. Due to all this, as well as good transport accessibility and favorable location real estate in Odessa remains at the peak of relevance at any time of the year. Among the many offerings you can pick up as a modest, compact housing with virtually no repair in residential districts or on the outskirts for $15-20 thousand and the luxury design houses cost over a million dollars with individual beaches and marinas, with sea views, pools. The basic number sentences near the sea that demand varies in the range $35-150 thousand According to the analytical center DOM.RIA in the regions of Arcadia, Primorsky, a Large fountain and in the city centre price per square meter averages 900-1200 $/sq. m. In other districts of Odessa the average price charged in the range of 600-750 $/sq. m.
The number is relatively small, but popular Ukrainian resort on the Black sea coast it is necessary to highlight the Skadovsk, Zatoka, Iron port, Azure. The bulk of proposals in these settlements – homes. The prices of properties with all the amenities and repairs start from $20-25 thousand, the Most expensive cottages in Skadovsk in walking proximity to the sea, modern renovation worth more than $200 thousand, a modest house under the cottage with conveniences in the yard in these resort towns and villages can be bought cheaper than $10 thousand.
Property on the coast of the Azov sea Resort property on the shore of the sea of Azov – a budget option in comparison with the black sea coast. In this part of Ukraine are very popular resorts Kirillovka, Berdyansk, Primorsk, Henichesk. Here is not so developed infrastructure, but there are basic facilities for summer holidays: equipped beaches, water parks. In this area, developed the business to deliver small outbuildings, summer houses. Often the convenience and quality repairs of housing facilities are virtually absent, but the price matches the condition. Although rented this residential area quite actively. And payment is often charged not per object, and separately for each tenant. However, on the coast for sale a lot of houses with modern repair for $50-100 thousand. You can also pick up a house in 2-4 floors for $150-200 thousand. The cost of apartments in the region range from $12 thousand for a hassle-free one to $85 thousand for comfortable, spacious accommodation with panoramic sea views. The amount of taxes in Ukraine on lease square meters depends on if the owner is a natural person-entrepreneur (FLP), and which group FOT it belongs to. According to the Tax code, renting an apartment as an individual, you must pay 18% of income. For the FLP on a single tax depending on group rate is 640 UAH or 5% of income for the calendar year. To determine the best option for investing in a resort, consider the market condition of the country and a specific city, the demand in different months, calculate the potential profit in a season and the offseason. Analyze benefits whether you will take here a particular home or keep it for your own use taxes.
Kyiv 2018