FazWaz is renowned for its international working environment, attracting professionals from diverse backgrounds and cultures. This, coupled with the company’s commitment to fewer co-broke deals, allows for higher earning potential for its agents. The company’s strong online presence ensures a constant flow of prospects and leads for its agents to work with. FazWaz takes pride in creating a diverse and inclusive working space, where individuals from different backgrounds and cultures can come together to deliver exceptional service to clients. FazWaz’s commitment to providing a high volume of quality leads allows its agents to focus on closing deals and making clients’ real estate dreams come true. Passes on only the most qualified ones to its agents. 4. The company’s dedicated customer service team filters leads. This ensures agents spend their time productively, working with genuine customers. Can focus on providing the best possible service to their clients. Please note that articles are not posted to the forum instantly. 5. FazWaz’s emphasis on minimizing co-broke deals ensures that agents earn higher commissions. Can take up to 20 min before being visible.

Experts also note gradual growth in the commercial sector. The government’s encouragement of foreign investment is leading to increased interest in office, warehouse, and industrial space. Properties located near major seaports, airports, and major highways are particularly popular. Rental rates of such space continue to rise due to limited supply and high demand. Here are the cost statistics in dollars for 2022 and 2023. In 2022, the cost of 1 sq. m of an apartment was $1,436, and in 2023, it was $1,784. The cost of new developments has also increased significantly. In 2022, the cost of 1 sq. m in a new residential complex was $2,259, and in 2023, it rose to $3,883. However, the rent of a 1-bedroom apartment decreased from $607 per month in 2022 to $596 in 2023. A major factor contributing to the growing popularity of elite segment properties is the improvement in construction quality.

Good liquidity indicators for properties in the country’s resort areas. The creation of free economic zones. All of this, combined with the recovery of the tourism sector after the pandemic, gives reason to believe that the market will continue to grow through 2024. There is also a systematic development of investment funds. At present, land plots and private houses on them can be acquired only with the right to long-term lease. The regulated term of ownership is 30 years, which can be extended twice on the basis of 30 years each, making a total of 90 years. Today, foreign citizens have the right to purchase apartments in condominiums. Despite the lease, the owner has the right to sell, lease or inherit the property. Favorable government policies to attract foreign investment. Inflation also has a direct impact on the increase in the cost of construction materials, labor, and imported components. Increasing commercial real estate demand, especially in the office and retail segments, driven by the active development of e-commerce and rising consumption levels.

Obtaining permanent residency is quite challenging, requiring language proficiency, extended stay in the country, and compliance with several other conditions. In addition, if a foreigner wishes to work legally, he or she must obtain a work permit. The situation may improve soon as the government aims to attract foreign investment, which will have a positive impact on the economy. The first steps have already been taken. The visa is valid 5 years. Can be extended to another 5 years. Investors who invest $500,000 in government bonds or physical assets and who can prove an annual income of $80,000 and total assets of at least $1 million. Retirees 50 years of age or older with an annual income of $40,000 during the last 2 years. Freelancers or remote workers with an annual income of $40,000. Demand is increasing due to active urbanization, overall economic growth, low interest rates on loans, and the promotion of affordable housing policies.

The creation of new projects that consider current environmental trends. Many modern buildings are equipped with solar panels, energy-efficient lighting systems, electric vehicle charging stations, bicycle parking, and other options as part of sustainable development programs. Will prices fall in 2024? This indicates that today is a suitable time to invest in an apartment or a house. Availability of amenities at the building or condominium site: pool, restaurant, spa center, gym, etc. Cheap housing is concentrated in regions far from the sea and the capital. Such properties may be privately owned. Cheaper options are available, but they are often only sold on the basis of long-term ownership of 30 years. Villas and townhouses are a more expensive category of housing. Foreign investors usually consider buying apartments and studios in condominiums. It is worth mentioning the off-plan properties separately. Today, developers offer the purchase of apartments, villas and townhouses in residential complexes at the foundation stage. By the time such a residential complex is completed, the cost of the object increases by up to 30%. We have collected numerous listings with of apartments, villas, townhouses, and commercial properties from verified real estate agencies and developers. We work directly with sellers. Do not charge commissions to our clients. Thanks to a convenient search with sorting by location, number of bedrooms, area, property type and other parameters, you can quickly find a suitable property.