Is it worth buying real estate in the Baltic states

Today, as an investment object, many choose real estate in the Baltic states. This option has its advantages. By acquiring real estate in Latvia, Estonia or Lithuania, you get a great place to relax, but even more important – a Schengen visa, which gives the right to free movement for all European countries that entered the Schengen zone. In the future, this gives a basis for a residence permit. At the same time, you can take care of additional income, renting your property for rent. In a word, these real estate markets remain stable, and it is believed that this trend will remain in them in the future. Well, if you are interested in real estate in Prague, visit Prian website. ru. Only there you will find everything about the best property of the Czech Republic. In general, in the Baltic countries, the price of real estate remain relatively low, despite the high demand. And the conditions for the acquisition of residential property by foreigners remain very liberal. The softest laws in this regard in Estonia. There you can not buy lands only near the reserves. In Lithuania, foreigners are allowed to buy any real estate, with the exception of land. As for Latvia, it is impossible to buy real estate in the border territories, as well as in the water intake strip and next to the dunes. The scheme of your actions in the case of the acquisition of real estate is simple. First you need to choose the right object. Then – conclude a preliminary contract and make an advance payment. This is usually not more than 10% of the cost of the object. After that, the notary will draw up the main contract and after its signing will register the transaction (this is a mandatory stage).Do I need to get a purchase permit? Yes, you should apply for this to local authorities. For example, in Jurmala, after the contract is concluded, the non -resident must apply to the city council, which will give its consent. The risk of getting a refusal is small. The law provides only if the non -resident will use the land so that this will contradict the goals defined in terms of the development of the city. After receiving a permit, the right of ownership is fixed in a special register, for this you need to provide an appropriate request there, an inventory case for this object, a certificate of the absence of real estate tax arrears, a receipt of state duty and other necessary documents.

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