Let’s start counting. If you need an apartment in Sochi, you will need from 30 million rubles, in Cyprus or Thailand – from $300 thousand.
If you want to live literally on the shore, that is, on the first line, the price tag in these countries will rise to $800-1000 thousand, in Dubai it will be even more expensive. An unobvious, but one of the most affordable “sea” options in Russia is the Baltic Sea, on the coast of which housing prices start from 100 thousand rubles. per meter
“To buy the most affordable apartment, with an area of at least 50 meters, you need an amount of 5 million rubles, or about 50 thousand dollars / euros. If you have an average income and are moving towards a goal from scratch, then you can save for decades,” notes Valery Emelyanov. “Therefore, the only way out is investment. Moreover, it is better to invest in the most profitable instruments, that is, shares. With a yield of about 15% per year, contributions of 20 thousand per month can be met in 10 years.”
If you already have real estate in Russia and are planning to move, this simplifies the task. “For example, an apartment in Moscow worth 15–20 million rubles. can easily be changed to a house by the sea in Spain or an apartment (60–80 meters) in Miami,” the expert notes. “An apartment in St. Petersburg is exchanged for housing of similar size in Dubai, in Kazan – for Istanbul, Novosibirsk – for Varna or Pattaya.”
Another option worth keeping in mind is buying property in installments. This opportunity is not available in all countries, but when the opportunity arises, investors actively use it. “At the first stage, you usually need to contribute about 10–20% of the value of the property. In a few months, another 10–20%, and the rest of the money is already at the stage of receiving the keys,” explains Galina Ponomareva. — This is a very interesting story for those who want to diversify their portfolio and invest money in different instruments. It’s convenient and you can even buy a better and more expensive object if you don’t have the money at the moment.”
Sometimes mortgages are also available abroad, but the down payment for foreigners must be at least a third of the purchase, says Valery Emelyanov. “Currently, rates in Europe are on average about 3%, in Russia – about 5% (in new buildings). For a loan of 10 million rubles, or $100 thousand, you will need to pay about 60 thousand per month, or about $600, of which about 25 thousand rubles, or $150, are non-refundable (in favor of the bank). This is close to rental rates in Russia – it’s more profitable to rent, but cheaper than renting in Europe – it’s more profitable to buy,” the expert calculates.