Published on and written by Cyril Jarnias
Long on the sidelines of major European tourist circuits, Belarus is gradually establishing itself as a destination for “those in the know.” Border openings, the rise of booking platforms, the upgrade of the urban real estate stock: all the ingredients are in place for the takeoff of short-term rentals. For travelers, it’s an opportunity to stay in spacious apartments, often twice the size of a hotel room for a significantly lower price. For property owners, it’s a growing market, supported by steady demand in Minsk and major regional cities, but governed by a very structured legal and tax framework.
To rent short-term in Belarus, it is essential to understand the local market dynamics, the profile of current tourists, as well as the specific legal and tax rules that apply.
An increasingly favorable tourist context
One of the essential drivers of short-term rental in Belarus is the gradual easing of entry conditions for many foreigners. The country has implemented several visa-exemption regimes that stimulate the flow of visitors, particularly Europeans.
Citizens of 76 countries can benefit from 30-day visa-free entry, provided they arrive and depart by air via an air border checkpoint (flights with Russia are excluded, as they are considered “domestic”). The requirements are a valid passport and medical insurance covering at least 10,000 euros. For a stay exceeding 10 days, registration is mandatory. This formality is usually handled by hotels and collective accommodations, or can be done free of charge online via the official portal.
Added to this is a very attractive specific regime for immediate European neighbors. Nationals of Lithuania, Latvia (including “non-citizens”) and Poland can enter visa-free by road or rail and stay for up to 90 days, within a limit of 90 days per year. This measure, introduced in 2022, has been extended and expanded: in 2024, 35 other European countries, including France, Germany, Italy, Spain, Nordic countries and the United Kingdom, obtained a similar possibility for visa-free stays, up to 30 days per entry, valid until the end of 2026. In total, citizens of 38 European states can now visit Belarus without a visa, within a limit of 90 cumulative days per calendar year.
Number of citizens from the 38 countries benefiting from visa exemption who entered without consular formalities between January 2025 and early 2026
For short-term rentals, this context is crucial. Tourists arriving without visas for stays of 15, 30, or 90 days favor flexible accommodations, often city apartments or rural cottages over standardized hotels. Rural tourism figures are telling: in 2024, the country’s approximately 1,408 “agro-houses” hosted nearly 430,000 customers, a significant volume for a country of 9.13 million inhabitants.
A dynamic rental market, driven by Minsk but not only
The economic and rental heart of Belarus remains Minsk. The capital, with nearly 2 million inhabitants, concentrates about 60% of the country’s real estate investment volume and shows robust rental indicators. Average rents there increased by about 10% year-on-year in early 2026, in a realistic range of +5 to +15%, following already strong growth in 2024 and 2025. Admittedly, the pace tends to stabilize as supply catches up with demand in some peripheral neighborhoods, but areas close to the metro and recent projects continue to push prices upward.
Rental vacancy remains moderate: about 5% on average citywide, with notable differences between neighborhoods. Premium areas like Drozdy are around 3% vacancy, while some large housing estates like Kamennaya Gorka are around 7-8%. A quality apartment, well located and correctly priced, generally rents in 14 to 25 days; small units adjacent to the metro sometimes rent in 10 to 14 days, while overpriced or poorly located properties can stay on the market for several months.
Rent levels and yields in Minsk
To better understand the price level, data from early 2026 allows for the following overview.
Average monthly rents in Minsk (long-term residential)
| Property Type | Average Rent (BYN/month) | Typical Range (BYN/month) | Approx. USD Equivalent |
|---|---|---|---|
| Studio | 750 | 600 – 900 | ~260 |
| 1 bedroom (2-room) | 870 | 700 – 1,100 | ~300 |
| 2 bedrooms (3-room) | 1,270 | 1,000 – 1,600 | ~440 |
| Average rent per m² | 21 | 15 – 30 | ~7.2 USD/m² |
Compared to other capitals in the region, a studio in Minsk remains about 30% cheaper than an equivalent in Moscow or Warsaw. The rent per square meter remains lower than in Kiev and well below Warsaw. In terms of profitability, aggregated data shows a gross rental yield of about 5.0% in the city center and 5.1 to 5.4% in the periphery.
Rental yields in Minsk
| Area | Gross Rental Yield (dataset 1) | Gross Rental Yield (dataset 2) |
|---|---|---|
| City Center | 5.00% | 5.18% |
| Outside Center | 5.12% | 5.44% |
These yield rates are calculated from market data collected over 18 months (over 400 entries), giving them a certain statistical robustness for an investor interested in classic furnished rental or well-managed short-term rental.
Neighborhoods and tenant profiles
Minsk is not a homogeneous market. The rent level and demand vary greatly depending on location, proximity to the metro, quality of construction and interior fittings.
The upscale neighborhoods of Minsk (Drozdy, Pobediteley-Masherova axis, Nemiga/Romanovskaya Sloboda area) have the highest rents, between 1,200 and 1,450 BYN (420 to 500 USD) for a furnished 2-room apartment. They attract a target clientele for upscale short-term rentals: senior executives, expatriates, affluent families, and relocated employees covered by their company.
Young professionals favor central or “trendy” sectors like Oktyabrskaya and the micro-districts adjoining the center, Yakuba Kolasa / Akademiya Nauk or Grushevka / Institut Kultury. They look for 1-room or small 2-room apartments, close to the metro, with cafes, bars, and nightlife nearby. In these areas, rents are around 750 to 1,000 BYN for a 1-2 room apartment.
Families favor green and quiet neighborhoods like Zelyony Lug, Uruche or Lebyazhiy, where 3-room apartments rent for between 1,100 and 1,500 BYN. These areas are attractive for their green spaces, recent buildings, reputable schools, and community atmosphere. They are also suitable for medium-term rentals (from several weeks to several months), ideal for relocating families or posted workers.
Expatriates – mostly Russians and nationals from other CIS countries, but also Europeans and Asians – concentrate their demand on Drozdy and the surrounding area, the Pobediteley-Masherova corridor and the center (Tsentralny district around Nemiga). They are generally willing to pay 1,300 to 2,000 BYN for a modern furnished 2-room apartment, with fast internet, secure parking, and “friendly” services for internationals. It is precisely this type of clientele that seeks well-equipped short-term rentals, available for a few weeks or months, rather than a classic lease.
Short-term rental: a very competitive price-quality ratio
For a traveler, renting an apartment by the day in Belarus, and particularly in Minsk, is often much more attractive than booking a hotel. The figures illustrate this differential well.
Average daily rental prices
| City | Average Range (BYN/night) | Comment |
|---|---|---|
| Minsk | 80 – 150 | Median around 105 BYN, more expensive than regions |
| Brest | 60 – 100 | |
| Grodno | 50 – 90 | |
| Vitebsk | 40 – 70 | |
| Countrywide | 60 – 120 | Regional median 65 BYN |
In Minsk, an apartment rented by the day costs a median of about 105 BYN, while a comparable hotel room is more around 150 to 200 BYN. In other words, short-term rental costs on average 30 to 40% less than a hotel, while generally offering twice the space: 40 to 60 m² for an apartment versus 18 to 25 m² for a standard room. Most properties include a fitted kitchen, a dining area, a washing machine, a Wi-Fi connection of at least 50 Mbps, and sometimes a balcony, parking, or even a sauna or small pool in the case of country houses.
Discover the competitive and inclusive conditions offered for your stays.
Enjoy discounts of up to 25% for weekly bookings, ideal for city-breaks or digital nomads.
Rates generally include utilities for three people. A modest additional charge of about 15 BYN per night applies for any additional occupant.
For an owner, this price level opens up higher profitability prospects than classic rental, provided they optimize the occupancy rate and operational management, particularly during high season periods.
Seasonality and demand peaks
Rental demand in Minsk follows a marked seasonality, which directly influences opportunities for short-term rental. The months of August to October represent the peak demand, under the combined effect of professional relocations, the start of the academic year, and family moves before the school year. A second, more modest peak, occurs in January.
Conversely, demand is weaker between May and June, then in February-March. For a short-term rental investor, this means it is possible to charge higher rates during months of very high demand, then switch to medium-term rentals (one or two months) or moderate prices during the low season to maintain a good occupancy rate.
Calendar events also play a role. The first ten days of May, very popular with Russian visitors, causes a significant price increase in Minsk and major tourist cities. Similarly, the end-of-year holiday period and certain festivals (like the “Slavianski Bazaar” in Vitebsk) drive nightly prices upward. For an owner, adjusting rates according to these peaks can substantially increase the average annual income.
Platforms and booking channels: between global and local
For several years, the growth of short-term rental in Belarus was driven by global platforms like Airbnb or Booking.com. Airbnb, in particular, played a key role as a community marketplace for booking and renting unique accommodations, with a secure payment system, profile verification, and integrated messaging. Service fees were around 11% of the booking amount, in exchange for the international visibility offered.
Following sanctions and the withdrawal of some Western companies, major international platforms are no longer operational in the Belarusian market. Business owners must now turn to local or regional alternatives, or use intermediaries specialized in these distribution channels.
Among the major local platforms, we can mention:
Main websites for searching for housing, from long-term rentals to apartments for short stays.
One of the largest online marketplaces in the country, with a well-stocked real estate section (sales, long-term rentals, professional and private listings).
A historic portal for real estate in Belarus, with a considerable base of rental listings, including daily rentals in some cities.
Tools widely used by locals to search for apartments directly from owners via Domovita or the “Real Estate” section of the Onliner portal.
Specialized sites like hotel.by, aparton.by, flatbook.by, chilpil.by or kvartiranasutki.by, which primarily list “daily” apartments in cities like Minsk, Brest or Grodno.
Some international platforms remain accessible, like Expedia for travelers, which aggregates apartments and aparthotels from different operators. Others, like Realting, position themselves as multilingual intermediaries for foreigners seeking housing, with an English interface and particular attention to transaction transparency.
For a Belarusian owner targeting an international clientele, connecting to these local platforms, but also to tools that speak the language of visitors (English, sometimes French or German) is an important lever. Real estate agencies and consulting firms, like AMBY Legal or some “concierge” services specialized in expatriate support, often play an interface role, both for promoting properties and for legal management.
Legal framework: a regulated but possible short-term rental
Belarus has a detailed legal arsenal to govern rental relations, whether for offices, warehouses, housing, or short-term rentals. Short-term rental falls within this general framework, even though the country does not (at this stage) have specific regulations of the “Airbnb law” type as in some Western metropolises.
The main sources of law are:
– The Civil Code and the Housing Code of the Republic of Belarus, which define the lease, the rights and obligations of the parties, and the categories of leases (short-term / long-term).
– The Lease Law and Presidential Decree No. 150 of March 29, 2012, concerning certain issues of lease and gratuitous use of property.
– Presidential Decree No. 294 of July 4, 2012, establishing the procedure for managing state property.
– The Consumer Protection Law, the law on electronic documents and electronic signatures, product safety regulations, the Civil Procedure Code and the Tax Code.
A lease is defined as the temporary and onerous provision of property for its use by the tenant, within the framework of independent or other activities. It can concern property of any form of ownership: housing, commercial premises, capital structures, parking, equipment, vehicles, agricultural land, etc. However, certain types of assets are excluded from leasing by law.
Legal definition of a lease
Lease contract: written, detailed, often requiring registration
In all cases, the lease contract must be concluded in writing. A standard contract form was adopted by the State Property Committee on June 27, 2012. This contract must specify at a minimum:
– Identification of the parties and the property (address, area, technical characteristics, possible cadastral data).
– The duration of the lease and the terms of renewal or non-renewal.
– The amount of rent, payment terms and deadlines, possible indexation, allocation of charges (water, electricity, heating, building services).
– The intended use of the premises (residence, office, mixed use, tourist accommodation, etc.) and the limits of this use.
– Allocation of responsibilities for minor and major repairs.
– The tenant’s rights (use, quiet enjoyment, possibility of subletting with landlord’s consent) and obligations (pay rent, respect intended use, maintain the property, return it in good condition).
– The landlord’s rights (collect rent, inspect the property with reasonable notice, terminate in case of serious breach) and obligations (provide habitable housing, maintain essential equipment, respect tenant’s privacy).
– Conditions for early termination, notice periods, possible penalties and the dispute resolution method (negotiation, mediation, arbitration, ordinary courts).
For leases over 12 months or concerning capital structures (buildings, premises, parking spaces), state registration is mandatory. The minimum legal duration for these assets is 3 years, unless the tenants explicitly agree to a shorter term. A short-term rental can be organized within the framework of a long-term lease, with management through subletting.
Subletting and gratuitous use
The law expressly authorizes subletting, subject to the landlord’s consent and compliance with the law. This is a key point for “rental arbitrage” type models or for professional managers who take several apartments on lease to operate them as short-term rentals on various platforms. Similarly, gratuitous use agreements (commodate) can be concluded, for example when accommodation is offered to employees or close ones, although this structure is less suited to a commercial seasonal model.
Leasing property belonging to the state requires the consent of authorized public bodies (ministries, public banks, local administrations…), often with the approval of the managing entity. The rent is calculated on a ‘base rental value’, revised annually by the Council of Ministers based on inflation. Reduction coefficients may apply to support small and medium-sized towns or rural areas.
Rights and protections of the parties
Belarusian law provides a base of guarantees for both tenants and landlords, which also apply in short-term rental, even if the relationship is shorter:
– The tenant has the right to housing conforming to health and safety standards, to peaceful enjoyment of the premises, protection against arbitrary eviction, and a transparent written contract.
– The landlord can require use conforming to the intended purpose, preservation of the property, payment of rent, and can terminate in case of serious breach (non-payment, damage, unauthorized subletting, illegal activities).
– Any eviction must follow a legal procedure, with notification, a period to remedy breaches, and, as a last resort, a court decision.
– In case of dispute, economic or civil courts have jurisdiction, with the possibility of arbitration if the parties agree.
For short-term rental, specific migration obligations are added: foreigners staying more than 10 days must be registered with the exact address of their accommodation. Hotels, hostels, and some landlords handle these formalities themselves; individuals renting to foreigners are responsible for ensuring registration is done correctly, under penalty of sanctions for the visitor and, potentially, the host.
Taxation: what taxes for short-term rental?
On the tax front, Belarus has implemented specific regimes for rental income, designed to simplify life for small landlords while ensuring a stable taxable base.
Personal Income Tax (PIT) on rents
The general principle is an income tax at a rate of 13% for tax residents (physical presence of more than 183 days per year), with no concept of a joint tax household. However, for income from renting housing, particularly when it comes to individual landlords renting to private individuals, the preferred system is a fixed monthly tax per room and not a percentage of the rent.
In Minsk in early 2026, the fixed tax for a room rented to an individual is about 50 BYN per month.
Beyond that, rents constitute taxable income like any other, with classic rules on determining the base, and they are subject to VAT as soon as it is a short-term service activity assimilated to hotel or tourist accommodation.
VAT and short-term rental
The standard VAT rate in Belarus is 20%. The provision of short-term accommodation services is in principle subject to VAT at the applicable rate for these services (in some comparable systems, seasonal accommodation falling under hospitality sometimes benefits from a reduced rate, but in Belarus the reference remains the 20% rate in general law). Conversely, long-term residential rental may, in certain frameworks, benefit from exemptions.
The organized and repeated rental of several properties on a short-term basis is assimilated to a hospitality business. This triggers a shift to a regime of individual entrepreneur or company, with the obligation to collect VAT beyond certain turnover thresholds. This professional activity also implies payment of social contributions, taxation at progressive rates, and the obligation to maintain appropriate accounting.
Property taxes and other levies
Alongside income tax, real estate properties are subject to an annual property tax, generally on the order of 0.1% of the cadastral value for individuals in Minsk. For an apartment valued at 200,000 BYN, this represents about 200 BYN per year, with a typical range of 100 to 500 BYN depending on the type of property and location. Businesses pay higher rates (1 to 2%), and commercial use of housing (for example as a tourist residence or aparthotel) can lead to taxation at a higher rate than purely residential use.
For the foreign investor, it should be noted that Belarus has established differentiated rules depending on the origin of capital. Nationals of countries considered “unfriendly” (United States, Canada, majority of the EU) must, since 2024, obtain special authorization to resell real estate and pay a fee of at least 25% of the market value. Laws also allow the government to seize the property of nationals of these countries in some extreme cases. Conversely, investors from countries considered “friendly” (notably Russia and other CIS states) benefit from more classic conditions.
Economic opportunities: profitability and arbitrage
In this legal and tax context, what can a property owner who ventures into short-term rental in Belarus expect?
Hotel / apartment differential and potential yield
As we have seen, an apartment rented by the day costs on average 30 to 40% less than a comparable hotel, while offering more space and comfort. However, relative to square meter and occupancy rate, the owner can generate higher income than a classic unfurnished rental.
Imagine a 2-room apartment of 45 m² in Minsk, rented for 1,000 BYN per month on a long-term lease, i.e., about 33 BYN per occupied night assuming 100% occupancy. By switching it to short-term rental at 110 BYN per night (slightly above the median of 105 BYN) with an average occupancy rate of 60%, the gross monthly income would be:
– 110 BYN × 0.60 × 30 days ≈ 1,980 BYN
Even accounting for cleaning, management costs and seasonal variations, the income gap remains significant. Over a year, an owner can aim for almost doubled gross income, provided they optimize management and comply with applicable tax obligations (VAT, fixed tax, or individual entrepreneur regime).
Operating costs and included services
To assess profitability, one must also consider local practices regarding the coverage of charges. In Minsk, it is common for the owner to pay for internet and television (30 to 60 BYN per month), or even condominium fees (20 to 50 BYN monthly) in high-end “all-inclusive” offers. On the other hand, water, electricity, and heating are often billed directly to the tenant or included in a flat fee for short-term rentals.
For short-term rental, owners must include in their budget the cost of cleaning between each stay, provision of linens (sheets and towels), consumables (soap, toilet paper, coffee) and, where applicable, a management commission of 10 to 20% for a property manager. To guarantee an interesting margin despite these expenses, it is crucial that the property is well located (close to a metro, university, or city center), well renovated (with quality finishes, air conditioning, and good insulation) and well presented.
Improvement works are moreover one of the levers for creating value. Market data shows that:
– A bathroom renovation (1,500 to 3,000 BYN) can increase rent by 50 to 100 BYN per month.
– A modernized kitchen (2,000 to 4,000 BYN) adds 60 to 120 BYN monthly.
– A flooring/paint refresh (1,000 to 2,500 BYN) allows for 40 to 80 BYN extra.
Relative to the initial cost, the return on investment is very decent, especially if the property is intended for furnished or short-term rental where appearance and comfort are decisive for customer reviews.
Practical strategies for successful short-term rental
Beyond the numbers, experience shows that the success of a property in short-term rental depends on a combination of preparation, interior design, and daily organization.
Prepare a property that “sells itself” online
Advice from rental professionals is consistent, in Belarus as elsewhere:
To optimize the rental of a property, several key points must be respected. The accommodation must be impeccably clean, from floor to ceiling, including windows, bathroom seals, and kitchen hood. Remove overly personal items (family photos, cluttering knick-knacks, overloaded bookshelves) to allow visitors to envision themselves. Opt for minimalist, functional, and neutral furniture, with sufficient storage and fluid circulation. Lighting is essential: favor light curtains, quality light fixtures, and well-placed mirrors to visually enlarge the space. Base colors (walls, textiles) should remain neutral (white, cream, light gray, beige), with possibly a few controlled color touches according to the 60-30-10 rule. The kitchen must at minimum include a refrigerator, cooktop, and oven; a microwave and dishwasher are assets. The bathroom should inspire newness: faucets in good condition, light tiles, clean shower curtain or panel, good quality towels. In a furnished property, a comfortable mattress protected by a mattress protector is essential to avoid negative reviews.
Owners benefit from investing in professional photography. In a market where the majority of travelers choose on screen, bright and well-framed photos can make the difference between a full calendar and a poor occupancy rate. Local platforms or agencies can recommend photographers accustomed to real estate.
Remote management and digital tools
Many potential landlords do not live on site, or even reside abroad. The good news is that technology now allows managing a short-term rental in Belarus remotely, provided one is organized.
Tools to prioritize include:
Discover tools and technologies to optimize and secure the management of your short-term rental, improve traveler experience, and protect your property.
Practical solutions like coded lockboxes or drop-off services (ex: KeyNest) in partner shops to facilitate traveler arrival and departure.
Systems to remotely control heating, air conditioning, and lighting, allowing reduction of energy consumption between stays.
Installation of external cameras or in common areas, compliant with privacy rights, to secure access to the accommodation.
Sensors installed in apartments to be alerted in case of unauthorized parties or noise nuisance and be able to intervene quickly.
Tools to centralize multi-platform bookings, synchronize calendars, automate messages to travelers, and adjust prices dynamically.
In parallel, it is important to build a trusted local team: a reliable cleaner or cleaning company, a plumber, an electrician, a carpenter, and ideally, a property manager or “concierge” able to go on-site for inspections, emergencies, or occasional problems. Some agencies or management firms offer turnkey services including welcome, cleaning, 24/7 assistance, price optimization, and financial reporting.
Communication and customer experience
In short-term rental, the quality of communication is decisive for guest satisfaction and online reputation. It is recommended to:
To ensure a successful rental, it is crucial to respond quickly to inquiries via all channels (platform, phone, instant messaging). Prepare a welcome booklet (digital or paper) including instructions for appliances, sorting instructions, Wi-Fi codes, and local recommendations. Clearly communicate house rules (non-smoking, quiet hours, pets, visitors) to avoid any misunderstanding. Finally, manage reviews professionally: thank for positive feedback, respond calmly to criticism, and implement concrete improvements when necessary.
In Belarus, a specific asset is the warmth of local hospitality. Travelers often mention the kindness of hosts, the small welcoming gestures (welcome basket with some local products, bottle of water, tea bags), and the availability of owners to help understand formalities (registration, transport, etc.). For a foreign investor, relying on a local partner who masters these cultural codes can be a real plus.
Regional cities: a potential still largely untapped
While Minsk concentrates attention, major regional cities offer interesting opportunities for short-term rental, often with significantly lower purchase prices.
In centers like Brest, Grodno, Vitebsk or Baranovichi, prices per square meter generally range between 950 and 1,500 USD, sometimes less (500 to 800 USD) in some neighborhoods. Yet these cities attract increasingly structured tourism:
Three Belarusian cities illustrate the country’s tourist richness: Brest, with its iconic fortress, museums, and proximity to Belovezhskaya Pushcha National Park, attracts a steady flow of visitors. Grodno stands out for its rich architectural heritage, including ancient castles, churches, and a synagogue, reflecting its strong historical identity. Finally, Vitebsk, the hometown of painter Marc Chagall, hosts the famous international “Slavianski Bazaar” festival every year.
On the daily rental segment, prices are lower than in Minsk (40–100 BYN depending on the city), but the acquisition cost is also lower. Gross yields can therefore be competitive, even higher, especially if the investor manages to capture demand during seasonal peaks (festivals, summer holidays, sports or cultural events).
Again, the key lies in the choice of location (city center, proximity to train stations or tourist sites), the quality of the renovation, and the ability to make oneself known through the right channels (local portals, partnerships with travel agencies, targeted communication to countries eligible for visa-free regimes).
Risks and points of vigilance
No real estate opportunity is risk-free, and short-term rental in Belarus is no exception. Several factors deserve particular attention.
This is the real increase in real estate prices in Belarus over the last decade, volatility fueled by inflation, sanctions, and Russian investment.
For foreign investors, particularly Western ones, new legal constraints (25% exit tax, risks of seizure in certain political scenarios, difficulties opening a local bank account, near-impossibility of obtaining a mortgage) require reasoning in terms of long-term cash purchase, with a clear rental exploitation strategy rather than a speculative bet on quick resale. Managing exchange rate risk (depreciation of 10 to 14% of the ruble over the last five years) must also be integrated into the yield calculation.
At the micro level, frequent mistakes involve:
The main risks for owners include poorly drafted lease contracts, failure to register required leases, unawareness of tax and reporting obligations, as well as underestimation of the management activity necessary for short-term rental.
The response to these risks involves solid professional support (lawyer, notary, specialized agency, manager), careful reading of the texts, and a prudent approach to legal and tax structuring.
Conclusion: a niche market in the process of structuring
Belarus today offers a singular profile for short-term rental. On one hand, a country still little known, with a rich natural and cultural heritage, which is multiplying visa-free entry regimes and seeing its flow of European tourists grow rapidly. On the other hand, a relatively affordable real estate market compared to many regional capitals, with reasonable rents for tenants but attractive gross yields for owners, particularly in Minsk and a few major cities.
To increase income through short-term rental, the owner must guarantee impeccable housing quality, adopt a seasonal pricing strategy, rigorously manage bookings and registration formalities for foreigners, and ensure tax compliance.
For a foreign investor, opportunities exist but require detailed analysis: choice of the right segment (studio near the metro, premium 2-room for expatriates, rural house in a tourist area), understanding of the legal and tax framework, and consideration of specific constraints related to nationality and geopolitical context. It is less about seeking the speculative “hit” than building an asset capable of generating, year after year, rental flows in local currency, driven by the rise of tourism still in its infancy.
In this country, renting an apartment by the night costs 30 to 40% less than a hotel while offering double the space. Faced with growing demand for custom stays, this market constitutes an interesting testing ground for owners, provided they demonstrate legal rigor, acute attention to detail, and a well-understood hospitality.
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Cyril Jarnias is an independent expert in international wealth management with over 20 years of experience. As an expatriate himself, he is dedicated to helping individuals and business leaders build, protect, and pass on their wealth with complete peace of mind.
On his website, cyriljarnias.com, he shares his expertise on international real estate, offshore company formation, and expatriation.
Thanks to his expertise, he offers sound advice to optimize his clients' wealth management. Cyril Jarnias is also recognized for his appearances in many prestigious media outlets such as BFM Business, les Français de l’étranger, Le Figaro, Les Echos, and Mieux vivre votre argent, where he shares his knowledge and know-how in wealth management.
