INVESTMENTS IN EUROPE AND ASIA
Investment in real estate property in Europe becomes more international investment attractive. One of such countries is Poland, where real estate is in great demand. Smooth-running economy of the country provides an opportunity for foreign investors to freely enter the economic territory of European Union countries. The prices for real estate are well below comparing to the more developed countries.
A purchase of a flat (separate living quarters) is possible for a foreigner without any allowance and without a temporary residence permit. If you want to buy a house, the allowance for a purchase of real estate of Home affairs minister is required, which is valid for 2 years from the issued date. During this time, all questions as to drawing up of real estate should be solved.
Conditions, when license is not required:
- when the foreigner has been living on the territory of Poland at least for 5 years from the date of issue of permanent residence permit;
- when the foreigner is married with a citizen of Poland and has been living on the territory of Poland for 2 years since the date of issue of permanent residence permit.
A perfect capital investment may be a purchase of already established company, because the company operates already and brings real income. As well a lucrative financing in a new registered company became more profitable as in the nearest future the company pays the owner.
A lot of foreign citizens purchase real estate in Poland in recent times. The rights as to acquisition of ownership for foreign citizens are defined by “A law of property acquisition for foreign citizens “, which was accepted in 1920.
Investment attractiveness of foreign citizens to the countries of Asia region is proved by a rapid growth of Asian economy. A big number of real estate is purchased in the cities of Asia-pacific region. Despite the tightened laws for real estate purchases for foreign customers and the increase of prices, the demand for apartments and houses increases. The customers buy the territories for building cottages and vacation houses. A high potential in development of travel industry gives good investment earnings.
