5 Reasons To Buy Property Abroad

by Mark Johnson

in Properties

Post image for 5 Reasons To Buy Property Abroad

We’ve covered some great places to buy property in the world in our blog – this guide to property Barcelona, for example.

But are there any significant reasons why you should join the many nationals and expatriates to buy somewhere in a different country?

There certainly are. And we’re going to reveal five of them right now.

 

Better prices

Depending on where you want to live, there is an excellent opportunity to get more from your money abroad. In fact, the dollar is so strong in some countries that you could get two – or maybe three – houses elsewhere for the price of one in the States. Tempting, right? When you consider that you can also run those properties as a business in many countries, it’s clear why it is such a popular tactic.

Better returns

A lot of Americans take advantage of up and coming areas in the States. They will buy property for peanuts, wait until the coffee shops and high earners move in, and then sell on for a high profit. However, it’s small fry compared to the returns you can get in a foreign country. When whole countries experience growth, returns on a property can explode to epic proportions. Who wouldn’t want to make the most of that?

Vacation homes

We’ve already mentioned running a foreign property as a business, and one of the best ways to do it is by having a vacation home. This way, you can rent it out to holidaymakers all across the year, and you also get to have a free trip away whenever you want. It’s a money making opportunity, and all you need is a little marketing skill and an AirBnB account to get started.

Great for business

If you have a business that has a growing market in a particular territory, then why not move out there on a temporary basis? You could look for apartments in one of the major business centers of the world, or wherever your product is popular. It will give you a local address and presence that can help you solidify your offer – and develop your customer base further.

For a new life

Of course, one of the biggest reasons for buying property abroad is to make the big move to a new country yourself. Sure, it isn’t as easy as making a decision and going for it, but plenty of people make the leap. And, most importantly, they do so for great reasons. Whether it is better weather, or just a new experience, plenty of people leave and have a great time. Retirees, young couples, people looking to seek different work – many people move abroad for many reasons.

So, there you have it. As you can see, plenty of people buy property abroad for many different reasons. It all depends on what your motivations are, but you will certainly not be alone. Just make sure that you do plenty of research into your idea, and don’t go throwing money around without careful consideration. Plenty of people succeed, however. Think you could join them?

Image Credit: Flickr

 

{ 0 comments… add one now }

Leave a Comment