The best investment project is studio apartments in large cities: Moscow, Paris, Nice, etc.
First-time buyers of property abroad often try to combine personal and investment goals in one purchase. That is, they want to buy a large, bright apartment or a house by the sea, live there for several months a year, and lease the rest of the time to cover the costs of maintaining this housing and, preferably, stay with a small profit at the end of the year. Sadly, these bright dreams are not destined to come true.
You have to understand that real estate for yourself is real estate for a comfortable life, as a rule, with a family and with children. In real estate for life, everything depends on the housing standard to which a person is accustomed. In my practice, a commonplace situation is often encountered that the most profitable real estate is far from the most desirable in terms of comfortable living in it. Today, the most profitable real estate object in any country in the world is “odnushka” near the metro.
I would also like to draw your attention to the following dissonance. Russians are used to living in apartments that are considered large in most European countries. In Europe, private apartments are usually small. An ordinary one-bedroom apartment in Paris or Cannes, not taking into account the quality of the housing itself, communications and service, is comparable in size to the “Khrushchev” 40 square meters.
And in general, by the end of the year you will find yourself in a severe minus
So if you mix things like investment goals, own living and high returns when buying property abroad, you will be disappointed. It is efficiently rented, let me draw your attention once again, very small housing – because only it brings substantial income both in Russia and in any other country. The best investment project is studio apartments in large cities: Moscow, Paris, Nice, etc.
In season you will take, but out of season – unlikely. And in general, by the end of the year, you will find yourself in a severe minus. It should be understood that real estate abroad needs to be serviced, and in Europe these services are very expensive. I have a house in Bulgaria, by the sea, and this is the worst investment that could be made. It took me 2 years before the house began to give up more or less constantly. Taking into account the downtime, the cost of interest on a loan at the end of the year is most often negative.
For many, the key issue when buying real estate abroad is obtaining a visa. From this point of view, the purchase of real estate abroad does not give any preferences.