Investing into real estate in Sochi
Sochi is a city in the South of Russia located on the Black Sea. From the Soviet Union times Sochi has been the main summer sea resort destination. Presently the popularity of the resort has even grown as Sochi hosted the first Winter Olympics in Russia in 2014. So apart from being located at the sea cost Sochi has incredible mountains located within 1 hour drive from the beach and became top destination for the winter vacation for many Russians and foreigners that like to enjoy winter sports and beautiful mountains.
- Sochi has a unique geographical location and climate – it's an all-year-round resort
- It has great hotel, residential and sports facilities infrastructure due to hosting the Winter Olympics in 2014
- Due to pandemic years and restrictions on travel abroad many Russians have been investing into Sochi real estate
- Sochi has top class recreational infrastructure including shopping malls, SPA's, amazing restaurants with local and international cuisine and is one of the 3 regions in the whole Russia where gambling is allowed.
- A city development plan for the next 10 years has been approved to make Sochi more comfortable for living
- There is lack of quality resort real estate in Russia and Sochi is by far on the 1st place in that segment
- One can buy property to live in it or invest in an apartment complex or hotel room that will be managed by international hotel chain and make money from leasing it out.
Sochi's real estate market has been constantly growing from 2014 and doesn't seem to stop and is rated within top 5 fastest growing real estate markets in the World. Such performance will last and investment in Sochi real estate is a great investment for the following main reasons:
All these factors make investment into Sochi real estate a secured investment which is proven by the fact that Sochi real estate prices go up for the last 10 years by average of 15-20% a year.
Under the Residency by investment program the amount of investment into Sochi should be not less than 25 million rubles (360.000 USD) into newly build real estate both commercial and residential.
Under the Residency by investment program the amount of investment into Sochi should be not less than 25 million rubles (360.000 USD) into newly build real estate both commercial and residential.
Foreign investors can buy only a flat (residential premises) or an apartment (commercial property) in Sochi. By the law foreign nationals can't own land in Sochi and therefore are not allowed to acquire a private house.
In case foreign investor intends to permanently reside in Sochi a flat is probably a more suitable option in the case foreign investor is more looking for investment opportunities – apartment could be a more suitable solution. Many Sochi apartments are available within hotel complexes and are managed by international hotel chain operators that allows obtaining a stable income from renting the apartment.
In case foreign investor intends to permanently reside in Sochi a flat is probably a more suitable option in the case foreign investor is more looking for investment opportunities – apartment could be a more suitable solution. Many Sochi apartments are available within hotel complexes and are managed by international hotel chain operators that allows obtaining a stable income from renting the apartment.
A flat or an apartment
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