Buying overseas property isn’t difficult, especially if you’re well prepared. This means that you’ve done all the necessary research and fully understand both the benefits and the risks.
International real estate, according to many authorities and market-watchers in the U.K., is poised to burgeon into a huge and profitable enterprise for buyers worldwide. Buying real estate overseas has virtually limitless possibilities for the savvy investor. Here’s some general information about foreign real estate investment to help you get started.
Why You Should Buy Offshore Investment Property
There are real estate international bargains in practically every country. A recent article on international properties put it well when it said: “If we can now buy a ranch in Argentina (or Uruguay, or New Zealand, or name your spot,) for ten cents on the dollar of what a similar property inside the United States would cost us, and if we can carry on commerce from anywhere we are, how long do you imagine it’s going to take your neighbor to realize the very same thing? As one writer put it, “…those folks who buy that ranch in Argentina today are going to have grandchildren who will think they were a genius.”
International Real Estate is a Profitable Investment
Real estate buyers want the best return on their investment. They want to buy in areas or countries where values will appreciate over time. But that’s not the whole picture. It’s also important to select locations where commerce is encouraged and not hampered by government, so the local economy has long-term stability. Consider, too, quality of life issues. Most buyers prefer choosing a location where crime is low, population is stable and standard of living is both high and affordable.
More Reasons to Buy Overseas Properties
The reasons to consider foreign real estate investment are myriad. First, it’s highly likely that international properties will appreciate in value faster than domestic ones. Also, it’s a good thing to own some international real estate investment properties as a hedge against the possibility of domestic investments suddenly losing value in a recession or worse, in a depression. Offshore properties give the real estate investor the opportunity to move money to countries where the tax burden is less onerous. Also on the positive side is the idea of using your international real estate property as an inexpensive summer retreat. Depending on location, Spanish freehold properties or properties in Bulgaria or other overseas properties can provide you with enjoyable and inexpensive vacations. Note that we said “vacations” in the plural, since the costs associated with owning international real estate may be low enough to allow you to use your overseas investment property as a welcome vacation haven several times a year.
Diversify with International Properties
If you’re a citizen of the U.K., buying international real estate is a great way to diversify your investments and minimize your tax exposure.
Ian Clark is a real estate consultant and advisor in UK. He has extensive experience in all aspects of Real Estate Investment built over 20 years . He is also the Director of Midas Estates, an online real estate website offering property investment opportunities in UK and overseas. Midas Estates is a property investment company dealing with International Real Estate with an aim to provide maximum capital growth for the clients as the majority of the clients are looking to secure financial security in the shortest time possible. Ian’s honest presentation of the real estate investing business, including both profit and risks is respected for his sincere, candid approach. He is highly regarded as one of the most sound, dependable source for the specifics behind the sometimes tricky and exigent facets of real estate investing. Amber Sea