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Buying real estate in another country

  • December 27, 2018

Real estate prices in our country have long been not the lowest. Moreover, there is a list of countries in which real estate is an order of magnitude cheaper than here. An apartment in an industrial area can cost more than in Bulgaria on the seashore.

Many people with an average level of prosperity are actively buying real estate in different countries. Each has its own motives . Many people want to find out where to buy an apartment in Kyiv in a new building, in which he will be able to come with his family or company at any time convenient for him. Moreover, he will not need to adapt to anyone and spend a lot of time searching for suitable housing.

There are many reasons for the purchase of real estate abroad, but most often it is acquired with the purpose of:

Residence. If you want to migrate to another country, but do not know what way you can officially draw up documents, buy real estate there. Countries such as Bulgaria and Spain provide each buyer of real estate with an unlimited residence permit. But, be careful. Not every country has such privileges in relation to foreigners.

Rental. Having bought an apartment abroad, it can be rented out. This is the best option for passive income. Having once invested in real estate, you can make a profit for many years. But, again, you should carefully approach the issue of choosing a country. For example, in Germany or the Czech Republic it can be rented all year round and evenly profit. As for Turkey or Bulgaria, in the holiday season the cost of renting housing will be much higher than in the same Czech Republic. But, in the remainder of the year, finding customers will be very problematic.

Investment. Real estate investments are the most reliable way to invest in. Real estate is always in price. If you purchase an apartment in order to resell it in a few years and make considerable profit for this, then focus on developing countries. In them, real estate is getting more expensive every year.

Rest. If you have been visiting the same resort for many years, and you are not going to look for an alternative, you can buy real estate there. The invested money will pay off in a few years, since you do not have to spend huge amounts on rental housing.

If you still decide to buy real estate abroad, you should not do it yourself. It is better to seek help from a specialized agency. Its employees will help to collect the necessary package of documents, as well as control the correctness of the conclusion of the transaction. Otherwise, you can get into the hands of scammers.

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