10 Best Global Investment Property Destinations - Page 2

10 Best Global Investment Property Destinations

By siliconindia   |   Monday, September 24, 2012   |    1 Comments

2. Moscow

The capital city of Russia, Moscow, is a costly city to buy property, with an average price of 13,910 per square meter. Moscow’s Tverskaya and Patriarchy Ponds area are the best known areas among buyers who seek premium properties. Owning an apartment in such locations is a prestigious sign. The demand for luxury property in these areas remains high due to its close proximity to recognized infrastructure.

Moreover, the price of buying a property in Moscow is quite high, an extra 18 percent of value added tax (VAT) is required to buy a property. Adding to it, 2 percent of brokerage fee is required on property sales of over $2 million and lesser sales are required to pay 5 percent brokerage fee. In Russia, both local and foreign nationals can buy property, as stated in county’s Land Code of 2001.

3. Sydney

Sydney is one of the largest and the most sought after city in Australia. Sydney’s eastern suburbs are a known hot spot for premium properties and flourishing economy. Properties in such location offer outstanding views of Sydney Harbour as well as the Pacific Ocean and in close proximity to the city’s central business district. The demand for suburbs property mainly comes from high net worth individuals (HNIs) including prominent figures. The exclusive suburbs of Sydney include Bellevue Hill, Centennial Park, Darling Point, Double Bay, Elizabeth Bay, Point Piper, Woollahra, Watsons Bay and Vaucluse.

The home patterns of these areas are a blend of historical mansions with terraces and plush high-rise apartments.

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