Buying a home abroad - is, above all, investment.To make it profitable, be sure to thoroughly research the real estate market of the country where you are going to buy an apartment.Here you can watch for pitfalls: real estate at the time of the transaction may suddenly much more expensive due to additional payments to the notary, registrar and realtors.Or it turns out that the country lacks the secondary housing market, making it impossible to sell the house in the future.
Try to go to the country in which the plan to buy their own apartm
ents and to gather information from local real estate agents and developers about the state of the property market.To complete the picture, consult to several companies in real estate.For example, in countries such as Croatia, Cyprus, Bulgaria, Egypt and the UAE a lot of space under construction, so the purchase of property in them will not bring quick dividends.The investor is more profitable to build a house than to buy ready-made.In France the amount of tax levied on owners of real estate depends on the cost of apartments and schemes of their purchase.
Be sure to visit and ask the insurers of insurance premiums for the purchased property.They will tell of all the risks: the possibility of natural disasters (hurricanes, tsunamis, earthquakes, floods), which is quite likely if you buy housing on the coast or island.The cost of insurance in such cases is very high and reaches 5% per annum of the value of the object.
Please note that the acquisition of real estate in some countries are not considered grounds for the issue of residence permits.Be sure to clarify for myself this legal nuance.
is believed that the average income of the investment in real estate is 10-20%.It depends on the country.The most attractive in this sense, are France, Spain, Cyprus.
- How to buy a home abroad