Turkey or Montenegro?
Montenegro – the small country which was located on the coast of the Adriatic Sea. Mountains, cool, but very net sea, high quality of products and rather low real estate prices attract our sootechestvvennik to this cozy country. Visa-free entry into the country is very attractive for wishing to lease housing. The legislation is very loyal to everyone to support the country money and allows foreigners to buy on the physical person not only ready real estate, but also the parcels of land.
Montenegrians are friendly, still considered as "elder brothers", and a linguistic barrier, on feelings of eyewitnesses, is erased in the next three days. Not for benefit of real estate purchase, perhaps, rather weak transport availability (though now there is a regular through service to Moscow, St. Petersburg and other large Russian cities), alarm concerning recent split of Yugoslavia and hearings about not legalized or badly legalized real estate in many parts of the country here plays.
In Turkey that the system of cadastral accounting is extremely simple and clear is attractive: if is to Tapu – the document of right possession on the earth and technical data sheet on ready housing, no problems will exist. Real estate in Turkey of 50% of Russians buy with the investment purposes, after all the housing here in 12-15 years (to the European measures a high rate) pays off. According to Alasdir MacDonald, senior director of the Knight Knox International company: "The prices in Turkey quite low therefore to make investments in real estate in this country it is profitable. Investors can easily augment the capital to 10% a year and receive 8% of a lease revenue". However Turkey – quite big country therefore profitable to make investments and to receive a lease revenue, it is necessary to approach to an object choice attentively.
The territory of Montenegro, on the contrary, is rather insignificant, some active Russian tourists joke that it can be bypassed with a backpack for that month on which the visa isn't required, however to fans to travel on four points of support you shouldn't despair – settlements of Montenegro let and a little, but between them good communication is adjusted. Almost all beaches in the country are noted by "A blue flag" and presence of numerous restaurants, cafe, discos and other entertainments for every taste. By the way, since 2010 for the institutions which music can prevent citizens living in neighboring houses, the curfew is entered.
Reef upon purchase of Montenegro real estate is the prohibition on construction of buildings on some sites of the coast therefore surely it is necessary to specify this fact, having planned to purchase a site and to build on it the house of the dream. As option: it is possible to purchase object at a stage of construction and to influence the layout and finishing as traditionally ready country houses and apartments, are on sale already with European-quality repair, as well as in Turkey. By the local legislation the purchase and sale agreement is surely certified of court, and then within one-two months there is a decision making by a local community (administration) about property right transition to the foreigner.
In Turkey it is also necessary to get permission from military department for property assignment of rights, however the scheme of decision making is more transparent: if the object isn't in a zone of strategic objects, direct proximity to the airports or to military base, in 99 cases from 100 grant permission. Anyway, fair realtors always check real estate on this point, and the buyer is insured paid amount return in full.
If permission is got, in Montenegro it is necessary to pay 3%-y a purchase tax from the cadastral cost of housing, and annual contributions to advantage of treasury will constitute 0.08-0.8% of cost. In Turkey – 4%-y a purchase tax from the cadastral cost of housing (about 30-50% of market cost) and 0,01% annually. Content of housing will manage much cheaper, than in Russia – if not to live in the purchased apartments, in a year for content of one-room studio of 60 sq.m on the average there are 200 euros if to live in apartments and to use – about 600 in Montenegro. In Turkey content will cost from 100 to 600 euros though apartments 1+1, than studios here are more popular. It is quite simple to find the lessee on the apartment for 300-700 euros in Montenegro and for 500-1000 euros in Turkey in the summer.
As for the prices, everything depends on two factors: proximity of apartments to the sea and raskruchennost of a place in which they are located. On the average, the real estate in Montenegro costs from 500 to 6000 euro for square meter. It is logical that rise in prices potential in known resorts (Budva, Kolashin, Zhablyak) is much lower, than in while less popular (Ultsin, Boka-Kotorsky Riviera, Gertseg-Novi, Lordly Riviera).
In Turkey on the average the prices also begin from 500 euros for square meter, however in connection with a large number of direct regular flights and charters from Russia, Ukraine and Kazakhstan, the country is more popular for leasing and use of apartments as an alternative to hotel rest. Besides, you shouldn't forget that in Turkey the Mediterranean Sea which is much warmer Adriatic and the season lasts not 3 months, and at least 6. Many come to Turkey for the winter period – fruit all the year round, it is a lot of sun even during the winter period, and receipt of residence permit and documents on the property right happens in 99 cases from 100 (if you aren't searched by the Interpol or were attracted by local police and resolved the conflict).
Now the number of purchases of real estate grows in Montenegro "under itself", instead of as investments. Probably, it is in many respects connected with relative simplicity of obtaining by foreigners of residence permit and nationality. Besides, gradually our fellow citizens like the European relation to idea of purchase of real estate abroad in a mortgage. There the mortgage isn't perceived as servitude – in Montenegro the rate constitutes 4-7% and well-to-do persons understand that it even is less than refunding rate of the Russian Central Bank, and therefore is banal profitable. Many banks are ready to give to the foreigner of 50% of the credit buying amount, and offered conditions depend on age, than on financial position of the potential borrower more.
The real estate, on the contrary, becomes more and more popular in Turkey for investment of capital: in the last two years the prices only grew, and after acceptance of additions to the law on real estate – at all in 5 months grew by 5,7%, and only for August the ready real estate rose in price for 2,44%. Quicker the prices grew only in Brazil. As for crediting, it is at present possible to take the credit of 50% of the amount under 7-9% per annum. And Deniz Bank redeemed by the Russian Sberbank, offers the credits for the Turkish real estate even in rubles.
Author: RestProperty
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