not anymore sadlyI've read that it's possible in Germany (as they like cash so much):
Billions laundered in German property – DW – 12/07/2018
About €30 billion of dubiously-sourced money was funneled into German real estate in 2017. Transparency International is calling for a series of reforms to combat the problem.www.dw.com
this is common in Spain - at least some portion of the price is often paid in cash during the meeting when contract is signed - lawyers are ready for this
A cash payment can be 100% legit and declared like a bank transfer. By the way lowering the official price is always possible. Before and after the transaction. If you are not dumb then nobody ever will find out. Its hard to justify a 90% price below the average but if the gap is not that big then you find always an explanation.
Indeed, not the brightest to buy real estate in Serbia.I've read that it's possible in Germany (as they like cash so much):
Billions laundered in German property – DW – 12/07/2018
About €30 billion of dubiously-sourced money was funneled into German real estate in 2017. Transparency International is calling for a series of reforms to combat the problem.
Also, it's possible in Serbia as 85% of the real estate purchaches are made in cash:
but why would anyone want to buy real estate there?
Why are the prices of real estate in Serbia rising so much? - Doing Business in Serbia - Serbia business country gateway, companies industry sectors
In the last few years, we have witnessed a rise in real estate prices in Serbia. The growth of prices of apartments for sale has an impact on the growth of apartment rent, so that this price increase was felt not only by those who bought or are looking to buy an apartment, but also […]serbia-business.eu
because of money laundering ofc, the same as in North Macedonia, Albania (wild west there) and MontenegroI've read that it's possible in Germany (as they like cash so much):
Billions laundered in German property – DW – 12/07/2018
About €30 billion of dubiously-sourced money was funneled into German real estate in 2017. Transparency International is calling for a series of reforms to combat the problem.
Also, it's possible in Serbia as 85% of the real estate purchaches are made in cash:
but why would anyone want to buy real estate there?Why are the prices of real estate in Serbia rising so much? - Doing Business in Serbia - Serbia business country gateway, companies industry sectors
In the last few years, we have witnessed a rise in real estate prices in Serbia. The growth of prices of apartments for sale has an impact on the growth of apartment rent, so that this price increase was felt not only by those who bought or are looking to buy an apartment, but also […]
Money laundering 'as a statement' is thrown around far too much and easily these days.
Interesting @JohnnyDoe - you've been offloading heavily the past few years lol, we was looking that way pre-covid at italy, tax wise it looked attractive at the time.
I was having this discussion just the other day, when you sell your car privately in the UK, it may be sold for say 30k cash, you just give them a slip and post the other part of the document.
Years ago, was looking at opening a office in Europe (romania) anyway when i started discussing a property there with the developer, he outright said to me - i prefer cash, second property half price and i knock both down on paper.
it's a €1.5m property in a highly touristic area. Will probably sell it next year. More info in PM.
Never received PM, though to be honest, I wouldn't be putting 1.5m into Europe right now... Risk levels for wealth transfer in are off the charts, little holiday property that can be walked away from if needs be is always a nice asset to have though.
You can’t receive one
with the current levels of inflation it is smart to own some real estate
There are simple solutions for that
There is abundance of little properties, better to seek quality in exclusive locations, even better where there are limitations for new buildings and strict environmental rules.
