How many of you invest in foreign Real estate and How was your experience good or bad ?

[backpacker]

the party is over, no more Golden Visa. Now these €500k apartments sell for €180k.

Same situation in Georgia, just on a different price level: Russians are leaving, prices are cratering.
And it's getting worse, with the enormous oversupply (too many new "bad quality" buildings).

 

[Overtrade]

Same situation in Georgia, just on a different price level: Russians are leaving, prices are cratering.
And it's getting worse, with the enormous oversupply (too many new "bad quality" buildings).

Why are Russians leaving Georgia now? Did they feel a significant patriotic surge?

 

[backpacker]

Why are Russians leaving Georgia now? Did they feel a significant patriotic surge?

They cannot do anything in Georgia. It is relatively difficult for them to open and maintain a bank account, to get a residence permit (if they really want one), to find a job and to find a sympathetic landlord.

Many leave for Serbia. They are young and Western-oriented, and the lifestyle in Georgia too boring and too conservative for them.
Serbia offers them more with regards to a new home: they are welcome, they get residency, there are no problems getting a bank account, and prices are lower (for them) than they are in Georgia. The lifestyle in Serbia is much more open-minded, which appeals to younger folks.

 

[yngmind]

They cannot do anything in Georgia. It is relatively difficult for them to open and maintain a bank account, to get a residence permit (if they really want one), to find a job and to find a sympathetic landlord.

Many leave for Serbia. They are young and Western-oriented, and the lifestyle in Georgia too boring and too conservative for them.
Serbia offers them more with regards to a new home: they are welcome, they get residency, there are no problems getting a bank account, and prices are lower (for them) than they are in Georgia. The lifestyle in Serbia is much more open-minded, which appeals to younger folks.

Plus, they get naturalized.

Georgia as a country is a shithole. It would be a jail for me to live in Georgia.