Is Cheap Property Abroad a Good Investment in 2016?

Investing in cheap property abroad

Barcelona, Spain, offers many cheap properties in 2016

Advances in technology and communications have enabled us to do some fantastic things that just a decade ago were unthinkable. Online resources allow us to do so many activities including earning a living; and also allow us to trade in commodities such as bonds, company stock and real estate.

We are now able to purchase properties from around the world without leaving the comfort of our homes. I was able to sell my UK home fast last year without leaving home by using fasthousesaleslondon.co.uk. Therefore we can profit from many transactions from almost any location on the planet.

To trade successfully in property, you need to have a certain amount of knowledge as successful real estate investing is not just about finding a low-cost property. You have to be aware of the housing market situation in the country where you are purchasing, and also know if you will be expected to pay taxes in the country – and how much you will pay above and over the cost price of the property during the purchase process.

If purchasing a cheap property in a country where the economy is depressed, be aware that it could be some time before you are able to sell the property at a profit or indeed sell it at all. For example there are many great properties for sale in Spain at the moment at a fraction of the price they were being sold for in 2007. However, the property market is extremely slow and if you were to try to resell your purchase you could be disappointed. Having said that, such situations are perfect for those who wish to use the property as a holiday home or as a possible source of rental income.

Buying a property at a low price in countries like Spain, Greece or Italy in 2014 when prices are still low, should be seen as a long term investment. Do not expect to get your money back with an additional profits in a matter of months or even a few years; but those who are prepared to sit the slump out should see a nice return on their investment within several years to a decade – it is a case of being patient.

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Buying Homes Overseas – Ask the Right Questions

Investing in homes overseas is a step by step process. It’s not like going to the grocer to buy a jar of something that you could easily return, after all. Purchasing properties overseas is far more complicated,  simply because the whole process involves a lot more time, money and resources than usual.

So aside from asking the right people, those buying a home overseas should also make sure they ask the necessary questions in order to get right answers.

What and where? Obviously, you have to decide which among home you would prefer to purchase. This includes determining what kind of house should be purchased and which areas or vicinities you would prefer to purchase within. It’s also important to note that the ‘what’ and ‘where’ questions may be closely related to one another, and what you are looking for in a property overseas will be affected by the area in which you wish to look.

What is an agent? Somebody’s got to look out for your interest in all aspects of the new home overseas you will be buying, and that calls for an estate agent who will represent you and your interests to the full. And since it’s about representation, you should choose someone who can closely relate with your personal requirements for investing in property overseas.

What are the requirements? Yes, purchasing homes overseas involve more than just investing cash. You’ve got to have the right kinds of documents in order for things to go smoothly between all parties, especially since this is an international property transaction. These documents are to help protect you as well, so don’t skimp on having the right information, and double check everything. Having your own legal representative with local knowledge is crucial.

Are you sure? Once ready to begin purchasing your new home, buyers should start looking around and evaluating all the options open to you. Depending on the buyer, this may be the most exciting question to answer when it comes to investing in homes overseas, and will involve using the internet and even travelling abroad for inspections of the properties in question, which is paramount if you are to make the right decision.

To find out about making moving arrangements, read this post.

 

Overseas Property Investment – Finding the Best Markets

There is a huge range of overseas property for sale – but is now the best time to invest, and if so, what are the best markets?

Now is the best time to look for overseas property for sale. When it comes to locations overseas, property for sale has never been easier or more affordable to get.  With the economy at an all time low, prices are the most affordable they have ever been, and the opportunities are tremendous for those with the capital to invest. There are many perfect locations to consider, from Dubai to Spain, and event South Pacific overseas property for sale that would make wonderful commercial or industrial acquisitions. Become an international investor, and look to the future.

One of the many ideal investment opportunities lies with buying commercial property which can be converted to be used as accommodation. You might also consider purchasing building sites for industrial growth, as this is another key area in which overseas property investors are seeking to expand their portfolios. All over the world, including such growth hotspots as Dubai, you’ll find overseas property for sale at prices that are surprisingly reasonable, and conditions that offer quick returns and high yields. Success as a commercial international investor relies upon getting the best deals early, to make the most profits later.

If you are only looking for a second home, don’t be fooled into thinking that property abroad is only geared for the commercial market. Both new and historic homes are available in scenic locations which have excellent year-round climates. A tropical villa is a great example of overseas property for sale in the residential market. The current market in many of these locations allows you purchase a family estate for the same cost that a tiny villa would fetch in only a few years’ time. This is really the underlying reason why now is the time to be looking at overseas property for sale.

An island retreat may be perfect for the international investor who is just starting out, whilst buying into the construction of a large commercial centre may appeal to others. There is a wide range of overseas property for sale at the best prices you can expect for years, so it is well worth looking into the possibility at this stage – it could be the first step to realizing your dreams

Where to Buy Property Overseas

Three places, and three reasons, to consider buying property overseas.

Once you have decided that you would like to purchase a property overseas, it’s then just a question of where. There are a number of great locations to choose from in your quest for a new home abroad and yet amazingly, the places where you can get some of the best deals on property overseas are also some of the most in-demand locations on earth.

For property overseas, try:

  • Cyprus
  • Spain
  • Dubai

First on the list of places to buy an overseas property is Cyprus. In addition to the near-tropical climate, another reason to consider this location is due its long and rich cultural history.  And if this isn’t enough to make you consider Cyprus for your property overseas, there is still the benefit of world class beaches.

Another place that is rich in history and has an excellent offering of property overseas, is Spain.  As an international investment, Spain is another place where you can find great deals on property overseas. As with Cyprus, Spain has centuries of cultural history to attract tourism to its shores.  The price of property overseas in a place like Spain is low enough that such an international investment could be a very profitable deal.

Dubai is also a sub tropical climate zone. If your property is meant for rent or lease purposes, the period from December to March is considered to be the most favourable time of year.  Dubai has become known as a vacation getaway in recent years, and is home to some staggering tourist attractions, including the largest man made islands on Earth, the Palm Islands.

When it comes to property overseas, all three of the locations have many commendable features.  International investors are drawn to the scenic beauty and amenable climate, not to mention some of the richest cultural diversities to be found anywhere.  It’s true that you will find that Cyprus, Spain, and Dubai are some of the most lucrative choices for your international investments and if you just want to have a home abroad, you will surely be pleased with all that these places have to offer you as residential property overseas.

Investment Property Abroad – Is it Profitable?

Buying property abroad is one thing, but what about maintaining it, and making sure it remains profitable?

Working with investment property abroad can be a very profitable business. That is, if you’re willing to do a little research. It’s not enough for you to just want to own property abroad. If it were that easy, practically everyone would be interested in having overseas property and creating a profitable rental businesses. After you’ve decided to buy property abroad, say, for rental business, you will finally start working to make sure you make the most of your hard earned investment.

Keys to Investment property abroad

  • Determine a realistic term of investment
  • Keep open lines of communication
  • Determine caps on expenditures

The first thing is that you have to work out how long you want to maintain your overseas properties. Not all businesses last forever, and planning your rental business from beginning to end can prove to be the most profitable method. After all, international property ownership means financing for maintenance, repairs, and even the risk of natural disaster. If your rental business has a well defined timeline, you’ll be able to recognize specific goals and hurdles as time moves forward.

Secondly, it is important for rental businesses, especially concerning investment property overseas, to keep open lines of communication. You will very likely have agents or representatives managing your international properties, and staying abreast of current events and the condition of rental properties can be crucial to your long term success.

Establish regular communication so that you can check on your investment property abroad regularly, as well as effectively communicating with not only representatives, but also international clients. When it comes to overseas property investment, especially the rental business, the extent of your communication will have profound effects on the profitability of the investments you’ve made.

Finally, manage your investment property financially. Make sure you set a definite cap on expenses so that you will be able to maintain the quality of your rental business and property.  Remember that investment property abroad is business, and you must know the limits at which you should liquidate, or even increase the amount of investments in that locale, should the local economy warrant doing so.