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.

Buying Homes Abroad – Three Top Tips

Here are my three top tips for buying homes abroad

When it comes to buying homes abroad, it’s easy to dream of sunny days and balconies with views of the rolling ocean, with the aircon working silently in the background. But there’s a bit of groundwork to do first. As far as the process of buying a home abroad is concerned, there are three factors to consider:

1.       As the buyer, you make the decisions.

2.       Employ the services of a local expert.

3.       Know the market you are interested in.

Keep in mind that when you buy homes abroad you are still a buyer, albeit an international buyer. This means that general buyer guidelines apply. Always check your rights as a ‘non-resident’ especially those specifically involving purchasing a home abroad. Above all, take your time. Although you may be keen to purchase, you have the funds and you are in the driving seat.

Yes, the sellers are paid to be nice and provide ‘sweet talk’ but, at the end of the day you make the decision, it’s your choice. Buying a new home abroad has become important to many middle class families in recent years and as such, the overseas market has developed considerably. With so much out there, competition for your business is strong so always remember – you are in the driving seat.

With a wealth of information on the internet, including forums, information sources, contacts and advice, take advantage of having all of this at your fingertips – an advantage no previous generation has enjoyed. Take the time to browse through the information available – and be open to being put off if you discover information about an area you were considering.

As far as buying homes abroad is concerned, you may well have the funds to do so, but do you have the local knowledge? It is paramount that you engage the services of a local specialist who understands the local market, customs and culture. You only see the area for a very short time and probably when it is at its best when the sun is shining or the snow is falling. What’s it like out of season? You will never find out unless you ask the locals so make a point of doing so. If you are still at home, and it’s out of season, perhaps there may be local web cams available? It’s worth checking out, and very quick.

If you can use a local expert or better still a local that has been personally recommended to you then that will set you on the right path to making a sensible purchasing decision.

International property law may be too technical to learn about overnight, especially if you’re depending on search and click features on the internet for homes abroad, but do try to get at least some background on the following three areas:

1.       Buying homes abroad in general.

2.       Specifics in the country where you’re interested in.

3.       Specifics of the locality involved.

The third area of knowledge probably means you have to undertake personal inspections, but this should be expected when you are thinking of making a substantial investment in a foreign country.

If you think about it, the tips above are similar to the regular guidelines on purchasing almost anything on the internet, or even in your own country. The obvious reason for taking additional cautionary steps is that this will be in an overseas environment of which you may have only limited knowledge.

Purchasing homes abroad, although in itself not that much different from any other property investment, does need that little extra consideration, especially with regard to the legal ramifications both now and in the future.

For more information about buying a home abroad, visit Valuvillas.

Investment Properties That Return a Profit

Looking for property is easy, but how do you find investment properties that will return a profit?

An increasing number of us are looking to find investment properties, and although the interest is keen, the market is still wide open. There has never been a better time to consider investing in properties abroad. Overseas property in key geographic locations has always been a great way to secure economic growth. Property ownership is, after all, owning a piece of the only planet we have, and its value is always going to go up. As the saying goes, they aren’t going to make any more!

By purchasing investment properties where the price of land is still low, you can get excellent deals on both residential and commercial overseas property alike.

You can find investment properties overseas, and pick up homes and villas to be used as commercial investment properties at great prices in some very profitable vacation and winter home locations. Tourists will often pay fantastic amounts for the rental of an island home for a week or even a month.  It allows them a spacious and comfortable base to spend the trip of a lifetime, and provides you with tremendous returns on your investment properties.

Overseas property that is rented and leased in such a manner is in high demand, and companies which have pursued investment properties of this nature have flourished.

Individual homes and similar properties make for great investment properties.  Owning an overseas property can provide a stable investment during turbulent times, providing both a secondary place of residence as well as generating much sought after rental income. Overseas property, once considered a personal luxury item, is seen in a different light nowadays and is considered to be an integral part of a property investor’s portfolio.

Look around at some of the prime locations which are available as investment properties.  You will find investment properties of all styles, prices and suitability, and you will quickly understand how overseas property can be a valuable long term investment.

Buying Property Abroad – Like Choosing a Holiday Home?

Buying property abroad for investment purposes is not the same as choosing a holiday home.

One of the primary concerns of buying property abroad that many first time investors have is how to purchase at, or below, market value. The concept behind this is very simple – your profit is determined not just by how much you earn, but how much you spend at the beginning.

This might seem quite an obvious statement, but it is one which often receives less attention than it deserves. Everyone looks at the future, yet have you paid enough attention to the current value of the property, and ways in which it can be reduced in price?

Buying property overseas at or below market value is a secret that the most successful international property investors are loathe to share.

Key Factors In Buying Property Abroad:

  • Know the local market of the property
  • Shop wisely, and look for discounted deals
  • Negotiate on the final price

But is buying property abroad below market value still possible? Very much so! Actually, it’s one of the most effective means of improving your earnings potential or investment return in the future.

One way of obtaining property abroad at below market value could be by purchasing repossessed property. In this case your contacts within the local community and at the banks would be a prime consideration. Many of the properties involved are relatively new, with a good number being newly built.  Knowledgeable international property investors research carefully and invest strategically.

These investors looking to buy property abroad take into account many factors, but sentiment isn’t one of them. It’s fair to say that the investor who falls in love with the properties they purchase never becomes quite such a successful property money maker. It isn’t so important for you to love the property, since it won’t be you who lives there. As long as you can buy it cheap, rent it at a good price and sell it in the future for a good profit – what else is there to consider?