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Real estate investment in abroad
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Posted On :
Sep-19-2011
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Article Word Count :
538
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Real estate investment in abroad adds some extra duties for the investors like facing some lawsuits and understanding the rules and obligations of being a foreigner investor, here are some tips for real estate investment in abroad
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Real estate investment involves a lot of money and the risks whether it is in your own country or abroad. You need to take care of different rules and obligations as being an investor, and to grow your investment for a long time. While investing in your own country, you might not face too much problems which are general in any type of investment, but if you are willing to invest abroad it may be difficult to set up there because as not being a permanent citizen of that country you will need to get NOC for different activities to be compiled during the whole process of investment. You will need to face a few lawsuits in order to be an eligible candidate for the investment in abroad.
Legally you are free to invest some or all of your assets abroad. To be sure of getting a good deal when you buy a home outside your native country, you must do your homework about the country and get help from professionals. Here are some tips.
How you go about investing abroad?
Internet now allows you to learn about promising regions, to identify ads and especially to compare prices. However, it is strongly recommended to be on site to assess the quality of both commercial and residential property and its location. Do not rely solely on brochures that could give you a promoter property.
Where to buy?
Europe and the United States are economically and politically safe, you can choose to India as well because India is now the second fastest growing economy in the world after china, so the return on investment in India will be much higher as compared to Europe of US and you will be utilizing the overall economic growth on India. Other more exotic areas, such as Costa Rica, Malaysia, and Morocco also offer great opportunities. But attention to helping heart, ask about the political, economic and tax and real estate market in the country.
Surround yourself with experts
The main difficulties to buy a property abroad are often legal and linguistic diversity. Each country has its own rules on real estate laws. So make use of professionals like notaries, lawyers, specialists in real estate international and real estate consultants to assist you in your efforts, and in the drafting of bills of sale.
What taxes?
Anyone who is willing to buy property abroad must be paying the tax and processing fee to the concerned government. It might be difficult in some countries because they may charge you too much for real estate investment in their country.
How to finance your purchase?
Banks all over the world are more reluctant when it comes to loans to buy property abroad. Please understand that this is possible. You will usually bring the equivalent of 30% of the value of the property and provide a solid guarantee as your principal residence or a stock portfolio, for example.
More tips
If you are a resident of countries of European Union and willing to invest in the same union countries then a tax treaty the countries of the European Union allows you to escape the double taxation on income.
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Article Source :
http://www.articleseen.com/Article_Real estate investment in abroad_83293.aspx
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Author Resource :
Choosing well established real estate consultants for investing in commercial property or residential property is the recommendation by author.
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Keywords :
Real estate abroad, estate agency, property agents, real estate investment, real estate consultants, property negotiation,
Category :
Finance
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Real Estate
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