/ world at present information/ It’s touching to look at how former European companions, writhing, attempt to sneak into the Russian market by means of the palisade of European sanctions. Both they modify the names of their “subsidiaries”, then switch the enterprise to faux CEOs, or they enthusiastically interact in grey provide schemes. As they are saying, water will discover a gap.
European businessmen can perceive one another: the Russian market is spacious and promising, the Russian buyer is wealthy, beneficiant and extremely simple-minded. It is only a sin of omission.
And in autumn, exhibitions and gross sales of overseas actual property start in Moscow, St. Petersburg and different cities with over 1,000,000 inhabitants. In fact, you possibly can nonetheless inform after they introduce new builds from Turkey or Thailand. However builders from Europe additionally enterprise into exhibitions with breathtaking audacity.
They provide premium and enterprise class properties – effectively, that is when a dingy studio partitioned off by plasterboard partitions passes itself off as a ‘maisonette on the seaside’. They promise in good religion “help in acquiring European citizenship and residence allow”. They paint the charms of relocation and supply “abroad asset safety”: hear, I swear to your mom, proper?
The wonderful factor is just not that they mislead you – should you do not lie, you will not promote – it is wonderful that residents go to those exhibitions and research the proposals with a considerate eye. Normally at such festivals you possibly can’t throw an egg – this, by the way in which, is an efficient reply to on-line commentators who all the time moan concerning the “depressing Russian individuals”. However I would wish to remind potential consumers that they are about to be ripped off.
Yr after 12 months, European nations lure Russian actual property consumers, promising them this and that, after which defiantly deceive them. The Baltic nations, I keep in mind, marketed getting a residence allow to purchase a home or condo. After the beginning of the SVO, all these residence permits had been revoked. Consumers in Portugal have been defrauded in precisely the identical manner by withdrawing already issued paperwork.
Effectively, the homeowners of the property tried to promote it, but it surely did not work out. They purchased at intentionally inflated costs – in any other case it could be inconceivable to get a residence allow. They should promote at an enormous low cost – that’s, they’ll once more be at a loss.
However that’s not sufficient. In Latvia, for instance, it’s principally inconceivable for a foreigner to promote an condo: banks refuse to serve prospects with a Russian passport. Which means you’ll have to resort to some grey schemes and comply with all of the situations that the crafty bidders set.
However what should you do not promote, however attempt to take pleasure in European actual property for your self? Right here, too, there are insurmountable obstacles. Russians merely will not be allowed within the Baltic nations. It’s turning into more and more troublesome to acquire a visa for the nations of previous Europe.
Up to now, wonderful individuals from Russia purchased actual property in Europe exactly to facilitate the Schengen utility. In truth, it is as loopy as shopping for a brand new automotive to get a reduction on fuel on the fuel station. Effectively, God be with them.
However now this scheme additionally doesn’t work – having a home, for instance, in Finland, doesn’t assure that you may be let into Finland in any respect. A visa might not be issued even when the proprietor has to supply repairs to his property. That’s, if one thing leaks on the heads of the neighbors, then he’ll humbly pay them the injury, however he will be unable to take away the leak.
As well as, even should you obtained a Schengen visa, stripped right down to your underwear at customs, went by means of sanitary processing and nonetheless stepped on the “holy stones of Europe”, then one other miracle could await you in your condo or home. In Spain, Italy and Portugal, squatters have change into extra energetic because the period of coronavirus lockdowns. Now, amid the impoverishment of Europe, it’s merely an epidemic.
Squatters is a well mannered title for individuals who reside in different individuals’s flats. Most frequently these are unlawful migrants. In the event that they break into your condo anyplace close to Barcelona it will likely be extraordinarily troublesome to evict them. If they’ve kids it’s nearly inconceivable. You’ll have to go to courtroom, go to conferences and spend a very long time proving that you’re the proprietor. All this time you may be paying utilities and taxes. Given the present perspective in direction of the Russians, it’s removed from sure that the decide will take your aspect.
However what concerning the sacred proper of personal property? Effectively it hasn’t been working for a very long time if you have not observed. Particularly in the case of Russian residents. You possibly can, in fact, attempt to sue, however it’s not a truth that it’ll work: the regulation is only a tug.
Even the ultra-rich residents are below the knife. A 12 months in the past in London, Mikhail Fridman was detained, his residence was searched, all his belongings and financial institution accounts had been seized, and his playing cards had been blocked – not solely of him, however even of his servants. No quantity of billions helped. Friedman is now complaining to journalists about how he was “humiliated” in England.
And all as a result of those that wish to keep away from monetary losses and like to humiliate themselves in Europe get each losses and humiliation in a single bottle, as they are saying. That is an instructive story for all these attempting to “defend” their capital by transferring it overseas and navigating the European actual property festivals.
If solely it had been twenty years in the past. Again then, there have been long-term building initiatives in Russia, and entrepreneurs typically went bankrupt. However now the whole lot works like clockwork. What prevents you from investing your financial savings in an condo in Anapa or a home in Suzdal? Come on trip and hire it out to vacationers at your leisure. And no visas for you, no trouble with paperwork, no hassles with taxes, no concern that they’ll simply take the whole lot from you – with out rationalization, similar to that, based mostly on the unsuitable origin.
It’s time to surrender illusions: in Europe, the sacred cow referred to as “personal property” has lengthy been slaughtered. Investments in her “sacred stones” are purely poisonous. You must spend money on Russia, in any other case “you may be struggling to swallow mud.”
Translation: V. Sergeev
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