REALTY: Dream: Recession-busting Deal

As a matter of fact the time, which mass media calls as “crisis”, implies the perspectives to profitably spend money. I mean not to save them in case of war, black Tuesday or the Day of Retribution, but to invest them somehow. What do you say to investing the money into the dream? By the way it’s the very aspect that ceases being a dream and turns to an investment project. The experts mention 5 countries most profitable in the point of investing money, among them Italy, France, Spain, Switzerland and Andorra.

VIVA ITALIA!

The olive-and-pasta homeland of opera and carnivals had properly worked out its image one day. It was not the country to grant visas to all the afflicted, to call for the investors to the free economic areas, to make out scandalous shows one after another. That is the reason to the fact it does not suffer the debtor’s going bankrupt these days. The real estate nature is as follows: The North turns to be an elite region of the local “Grand Lakes”, like Como, Garda and Majore, the South standing for the promising Calabria at the very peak of the Apennines boot. And Sicily and Sardinia are also to be mentioned, which are not that easy to reach but once you do you get the possibility to buy a villa, Berlusconi being a neighbour.

Lakes imply luxury and glamour. The ancient estates and villas here came to life six years ago when George Clooney bought a villa in the place called Laglio. Afterwards he brought his friends to the lake and they were in such a prominent number that Italians called the phenomenon “Clooney’s effect”. Moreover their confusion was enough to stop selling villas in such a rushing way.

People are drawn by the local unique microclimate. Just imagine that: there are Alpine flowers flourishing at one bank and palms and lemons growing at the opposite one. Thermal waters and healing air are the major appeal for foreigners, especially for those coming from big cities. Well, besides there’re no many places, where you have the perspective to drink a tea with Rupert Murdoch at his terrace or cycle with Michael Schumacher.

Well, Calabria is extremely widely promoted by all the journalists writing about foreign real estate nowadays. You can hardly find another place in Europe where both houses and prices grow at such a rate. It’s a hilled country which explains the fact that all the local houses have got a sea view. Moreover the local relief gives one the opportunity to either mountain climbing or diving.

AZURE GINGERBREAD

French Cote d'-Azur can be fairly called the Russian national historical dacha. The new Russian aristocracy are still buying the great estates there as the imperialities in the 19th century did. You know what the dimmest clue for the Western mass media is? They are constantly meditating on the fact who has just bought another most luxurious villa, but for Abromovich.

Cote d'-Azur does not need any other descriptions, it’s enough just to enumerate such names as Nice, St Tropez, Cannes. Apartments with a sea view are of the highest demand. (from Euro 5000 per m2). The relevant offers in the central part of the cities are much more available due to the other nature of the window view.

Real estate in Monaco is a bit more expensive. Local prices are increasing by leaps and bounds. According to Global Property Guide, the prices have grown up by 51% within the last 2,5 years. It seems to be the memory of generation that draws us to Monaco: the casinos in Monte-Carlo street have been dear to the Russians since the Empire times. Well, there also some practical aspects that do play a role here: it’s called The European Tax oasis.

Well, of course Paris can not be left out. The prices in the districts from the 1st to the 8th one (including Elysian Fields, Louvre and Notre-Dame Cathedral) make measure up to Euro 4 000 000). In other districts the prices range from 5000 to 6500 Euro per square meter.

SPAIN LEAVES ITS MARK

Analysts and journalists have been following the situation in Spain from the very moment the crisis burst out. By the example of Spain they demonstrate the process of disillusioning – up to 70% increase just in a wink. And they are endlessly drawing this notorious sinewave which makes you go up high and fall down hard.

However this sinewave can turn out to be a spring board for some people. The experts do recommend to buy the real estate here today. Crisis will pass away unlike 360 sunny days, sea and crowds of tourists ready to rent your house. Moreover a yearlong Schengen Multivisa won’t hurt as well.

There are either newly built luxurious villas or restored old estates that make the most expensive offers. They no doubt contain a garden, a swimming pool with or without heating, wine vault, yacht parking area, private beach. According to the local routine the houses here are rented “key ready” before they are sold. So there’s nothing to meditate on: just take it and enjoy all inclusive meaning Jacuzzi, fire place and avocado trees under the windows. A relevant villa Tila in Costa-Brava can be sold at a price of around 1 000 000 Euro which equals to that of the house in a cottage village at the New Riga.

And there are discounts offered for the apartments along the whole of the beach. Two-bedroom flats with a holding, a sea view and rest zone in a secured residential block at Costa Blanca makes about 100 000 Euro. So I guess we’d better not compare the mentioned above to Moscow rates.

According to Ella Bratilova, the Head of Paul’s Yard Foreign Estate Department, the number of customers ready to snatch a moment of the prices drop is constantly growing. The expert points out: “It’s reasonable to invest money into the after market or A-class objects at the final stage of their building.

SWITZERLAND. FOR SERIOUS.

Dreams are not only about sea. That is the strong belief of the people investing into the Swiss Ski Resort apartments and chalets. Is the house with a snowy roof and lightening windows from the New Year card your cherished dream? Do get the canton prefecture approval. It’s all for serious in Switzerland, which prevents the country from falling into the crisis.

Ella Bratilova adds that people come here for the permanent residence to find tranquil and lane lifestyle. (Just to mention it, eight cantons of this country are included into the top comfort residential places.) Other kinds of non-residents turn the houses to their value generator by renting it to the foreign ski tourists.

It’s not just about buying a real estate to get a permanent resident card in this serous country. You are also to prove your solvency and serious intentions via registering your private business in Switzerland. It’s really worth doing, if you are going to present the dream to your children. Who knows, they may possibly study in Zurich or Lausanne?

ANDORRAN FANCY

Andorra is another skiing fairy-tale that can be found somewhere between France and Spain. It’s the biggest country among the smallest ones in Europe, got the status of an independent state foe 16 years ago only.

According to the Costa Esperanza Consulting, S.L. COO, Dmitry Ruhlov the real estate purchase in Andorra can turn to a kind of a fancy, due to the fact that the skiing owners come to the place maximum three times a season, the house slackening within the rest 10-11 months, whether it’s owned or rented.

Anyway foreigners feel good in Andorra, as the latter does need them. The economy turns on the tourism and the imported goods entrance duties. That explains the fact that the new-comers have it all ok here. There are almost no taxes in Andorra. Once you buy a house here, you can get the permanent resident card in a wink to say nothing of the Schengen Visa.

Well, Andorra has no fear for any crisis. According to the experts, as far as the taxes policy is concerned, Andorra’s main rival is Monaco, being overwhelmed with building nowadays. And Andorra is being in the very stage of development, objecting at launching an international airport in 2010, which releases from the necessity to get to Andorra via Toulouse or Barcelona. Once you debate a matter in mind, you’ll get an idea of the pure advantages of all of these bonuses to the inevitable house upkeep expenses. Take for instance a duplex with four bedrooms and three bathrooms, stone-and-wood paneled located near fitness centers, which costs Euro 550 000. Why don’t you fancy then?

We’ve got a kind of an unconscious bee that we lose money via buying something. It’s like you take it out of a warm pocket and deliberately hand that in to an alien. The one will get the enlightenment, who buys a house just once: he hands in some conventional paper stuff with anes and zoros on them, getting a house instead. A house with a patches of sea and avocado trees. That is the dream, isn’t it?