Investing in real estate abroad: what you need to know.
real estate. If it is a rental investment, this allows you to identify geographical areas with development potential, assess average prices and ensure that the desired property is not overvalued.
Also pay attention to geopolitical risks, don't underestimate them... Also, while it is possible to research a location or inspect a property from a distance using online tools, it is still advisable to visit the site to be able to assess the property's condition, location and neighborhood.
Inform yourself about legislation and regulations
Local laws and regulations should not be taken lightly and it is important to be familiar with local real estate laws as they can have a significant impact.''Some countries may have restrictions on foreign ownership or special taxes. For example, in some places you can own a house but not the land on which it is built.
In addition, if you don't speak or don't speak the language of the country well, you will find it difficult to deal with many administrative formalities. Therefore, in general, to avoid pitfalls and get guidance, it is highly recommended in all your actions to get the support of local professionals (real estate agents, real estate lawyers and tax experts).
Be vigilant about taxation, especially in the case of rental investments that generate income: you may be subject to double taxation on your rental income,''unless the country in which you are investing has concluded a double tax treaty with France.
26 October
Set a budget
As always, to set a realistic budget, you need to anticipate the costs: property values, legal costs, taxes, the possibility of delegating rental management to a professional if necessary. In the case of real estate investments abroad, it is sometimes necessary to consider the exchange rate, as it can affect the return on your investment. If you need financing, you''You can apply for a mortgage from a French bank. However, as the risks are higher than in France, the conditions for obtaining a loan are usually stricter (interest rates, down payment, guarantees and mortgages...). If you prefer a local bank, as always, research the conditions carefully.
Comment
Popular Posts
26 October
9
Popular Offers
Subscribe to the newsletter from Hatamatata.ru!
Subscribe to the newsletter from Hatamatata.ru!
I agree to the processing of personal data and confidentiality rules of Hatamatata