The owner of JSC “Mukachevo Knitting Factory ”Mriya‘’ (Zakarpattia region) will sell all the real estate of the factory to the recently established local LLC “Citygoal” at the residual value, which at the end of 2025 amounted to UAH 14.065 million.
According to information in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant decision was made at an extraordinary general meeting of shareholders on February 12, which was attended by one person – the owner of 99.86579% of the company’s authorized capital.
According to YouControl, Citygoal LLC was registered in Mukachevo in July last year with a share capital of UAH 20 million and its main activity being “construction of residential and non-residential premises.”
The owners of the company are Ivan Lilik – 33%, Mykola Medvid – 22%, and Pavlo Viktorovich Baloha – 45% (coinciding with the patronymic and surname of the son of the non-factional MP, former Minister of Emergency Situations, former head of the Transcarpathian Regional State Administration Viktor Baloha), who is listed as the ultimate beneficiary of this company.
According to information on the Mukachevo City Council website, on December 27, 2025, he granted permission to MTF Mriya to develop a detailed plan for the territory “to determine the possibility of building a multi-apartment residential complex with commercial, entertainment, and market infrastructure facilities.”
As reported, in November 2025, the owner of more than 98.87% of the shares of JSC “Mukachevo Knitting Factory ”Mriya,” which had been owned by the Lithuanian Utyanos Trikotazas, became the locally registered LLC Translum, owned by local entrepreneur Vladislav Vitvinov.
The general meeting of JSC “MTF ”Mriya” also decided to grant consent to the company’s director and supervisory board to sell the company’s movable property at a price not lower than its residual value (UAH 1.3 million at the end of 2025).
The announcement does not name the buyer of the movable property, but according to the draft decisions published in the announcement of the meeting, it was planned to sell this asset to the local company Teksto LLC, which, according to YouControl, was established in December last year with a statutory capital of UAH 1 million and its main activity being “underwear manufacturing.”
The owners of Teksto LLC are Mykola Medvid and Ivan Lilik (50% each).
The Mukachevo knitwear factory Mriya, which manufactures knitwear, was founded in 1973. Since 2005, it has been a subsidiary of Utyanos Trikotazas, which supplied raw materials and was the main buyer of its products.
In 2024, the factory incurred losses of UAH 7.4 million (46.6% less than in 2023) and reduced its net income by 15% to UAH 20 million. In January-September 2025, according to YouControl, its net income amounted to UAH 23 million, with losses of UAH 8.5 million.
As of early 2025, the factory employed 84 people, compared to 113 a year ago.
The authorized capital of JSC MTF Mriya is UAH 5.13 million.
Ukrainian citizens ranked third among foreign buyers of residential real estate in Turkey in January 2026, purchasing 77 properties, according to data cited by Turkish media with reference to the Turkish Statistical Institute (TÜİK). The first and second places were taken by citizens of the Russian Federation (219 purchases) and Iran (118).
Overall, foreigners bought 1,306 housing units in Turkey, which is 20.8% less than in January 2025. The share of transactions involving foreigners in the total volume of home sales in the country amounted to 1.2%.
Geographically, foreign demand at the beginning of the year was concentrated in the largest and most “tourist” regions: in January, foreigners bought 595 units in Istanbul and 375 in Antalya.
The total number of housing transactions in Turkey in January amounted to 111,480, which is 4.7% less than a year earlier. Against this backdrop, the decline in sales to foreigners continued, and local observers link the downturn, among other things, to rising prices and discussions of the parameters of “investment” citizenship and the incentives associated with it.
The trend toward cooling foreign demand was also noticeable in the full-year 2025 results: foreigners purchased 21,534 units (-9.4% y/y). By nationality, Russians led (3,649), followed by Iranians (1,878) and Ukrainians (1,541). By location in 2025, foreigners most often bought in Istanbul (7,989), Antalya (7,118), and Mersin (1,800).
In Greece, from April 1, 2026, residential and commercial property rentals will only be payable by bank transfer to the landlord’s account. The measure is enshrined in amendments that postpone the launch date of mandatory cashless payments for rent to April 2026 and tighten controls on the declaration of rental income.
According to explanations provided by the Greek media and the regulations they refer to, payments must be made to an IBAN registered to the owner and declared to the AADE tax service. Payments to third-party accounts (relatives, lawyers, trustees, management companies) will not be recognized for tax purposes, and in the case of joint ownership, each co-owner will be required to provide their IBAN for the correct distribution of income.
Failure to comply with the rules will result in financial consequences for all parties to the transaction. Owners lose the standard 5% tax deduction on rental income; tenants lose their entitlement to housing benefits, including annual rent compensation of up to €800; businesses will not be able to count rent as an expense if they pay outside the banking system (as an example, there is a risk of losing €8,400 in deductible expenses per year when renting €700 per month).
The authorities link the innovation to the task of matching declared rental income with bank transactions and reducing the share of “gray” payments in the rental market, with AADE having to set up data collection from payment service providers to monitor compliance with the regime.
At the end of January 2026, a working group under the Finnish Ministry of Defense proposed changing the mechanism for expropriating (compulsory purchase) real estate for national security purposes and transferring the authority to issue permits for such expropriation exclusively to the Ministry of Defense. The government press release notes that the current procedure has been difficult to apply, as permits are formally the responsibility of different agencies.
The working group’s proposals include expanding the possibilities for rapid response in urgent cases, including earlier introduction of a ban on actions with the property, temporary takeover of real estate, as well as unification of the approach to compensation for expropriation and planning of financing for such procedures in the budget.
The context for such steps remains the Finnish authorities’ concerns about the risks of “hostile influence” through real estate transactions. Previously, the government and the Ministry of Defense had consistently tightened the rules for buyers from countries outside the EU and the EEA, and also promoted restrictions that were in fact primarily aimed at Russian citizens. In April 2025, the Finnish parliament approved a law restricting the purchase of real estate by citizens of countries waging “aggressive war,” which was publicly interpreted as a ban on Russians who are not permanent residents.
Defense Minister Antti Hykkänen previously stated that Finland had made “too naive decisions” on real estate control in the 2000s and was now “systematically correcting the identified problems.”
Thus, at the moment, we are not talking about a declared campaign of “mass seizure” of property from citizens of all countries outside the EU, but about strengthening the state’s legal instruments to intervene in cases where specific real estate objects are considered a potential threat to national security, as well as continuing the policy of restricting new transactions for certain categories of foreign buyers.
According to Serbian Economist, real estate prices in Montenegro continue to grow at record rates, while residents’ salaries remain significantly below the European average, and rent is becoming less affordable, local analysts note. The cost per square meter of housing in the country is already higher than in some EU countries. According to data from the Statistical Office of Montenegro (Monstat), the average price per square meter of an apartment in new buildings in the third quarter of 2025 was €2,228, in Podgorica – €2,153, in the coastal region – €2,458, and in the northern region – €1,578. Monstat specifies that the indicator is calculated based on primary housing sales transactions.
As reported by local media, real estate agent Haris Osmanagic previously assessed the Podgorica market as overheated and said that prices in the capital had “almost doubled” in a short period of time, with new buildings in some areas being offered at €2,800-3,500 per square meter.
The price increase has also affected the rental market: according to Osmanagic’s estimates, the average cost of a long-term rental in Podgorica is in the range of €550-700 per month, two-room apartments – €800-1,000, three-room apartments – €1,200-2,000.
In the European Union as a whole, housing prices in the third quarter of 2025 rose by 5.5% year-on-year, according to Eurostat data.
In Cyprus from January 1, 2026, changes affecting the processing of real estate transactions and taxation on the sale of assets came into force, according to the explanations to the reform.
The key simplification for new transactions is the complete abolition of stamp duty (Stamp Duty) for sale and purchase agreements signed from January 1, 2026. Previously the levy was calculated on the value of the transaction and required separate procedures, it is now zero-rated for new contracts.
Lifetime capital gains tax deductions (CGT) have also been revised, which may reduce the taxable base for real estate sales by individuals. In particular, the limits of the personal deduction, the exemption for agricultural land and the deduction for a principal residence (subject to fulfillment of conditions and proof of documentation) have been increased. These parameters apply to contracts entered into starting in 2026.
A separate block of the reform relates to transactions involving shares in real estate companies. The threshold at which the sale of shares/shares qualifies as a real estate transaction for CGT purposes has been lowered – this increases the tax due diligence requirements for purchases of corporate shells with properties on the balance sheet.
In addition, exemptions for real estate exchange and barter schemes in development (e.g., when land is transferred to a developer in exchange for finished objects) have been extended, and control over compliance with tax procedures has been strengthened: if the parties are in arrears, transfer of ownership rights may be blocked, and Tax Clearance checks have become tougher.
According to the Department of Land and Cadastre of Cyprus (DLS), in 2025, foreign buyers (excluding Cypriot citizens) registered 7,255 sale contracts (sale contracts), of which 4,809 – buyers from outside the EU; the number of transferred objects (transfers/sales) amounted to 4,195 (2,234 – buyers outside the EU).
The top nationalities that most often appear in the “top ten” are: Russians, British, Israelis, Greeks, Romanians, Chinese, Ukrainians, Germans, Americans and Lebanese (Australians and Bulgarians are also found in Nicosia).
