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The EU has given up the idea of banning Russians from buying real estate

The EU has given up the idea of banning Russians from buying real estate

1 June 2022

The European Union is preparing the sixth package of sanctions against Russia, in which it was planned to include a ban on any real estate transactions for citizens who do not have immigration status (residence permit, permanent residence or citizenship) in European countries. 

However, this clause was removed from the latest version of the sanctions that diplomats prepared for the summit of EU leaders, which began on May 30. The decision was made under pressure from Cyprus, Bloomberg reported. 

ARAVANA Multifamily Office has prepared a list of foreign real estate, the income from which comes immediately after the acquisition. 

  • It is possible to pay for all the presented objects by SWIFT transfer from any non-sanctioned bank of the Russian Federation
  • Objects can be purchased remotely, without traveling and opening an account in a local bank      
  • Real estate is multifunctional – some objects allow you to combine investment and your own vacation
  • In addition to rental yields, real estate is also growing in price – depending on the country and the object, the growth can reach 10% per year  

1 June 2022
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