If you’re looking for a neat way to invest your money, that has a good chance of paying off and providing you with a decent nest egg for your retirement, buying property overseas is often a great way to do go. Why? Because the property is often competitively priced, and tens to rise in value over time if you choose the right location.
However, there are some risks that you should be aware of, from natural disasters that you aren’t physically there to deal with to the threat of a foreign regime confiscating your property, it’s important to know about the potential pitfalls before you go ahead.
With that in mind, it’s important that you research the real estate market you are planning to buy into to ensure that it is affordable and represents a good investment. You’ll need to take into account location, popularity, local amenities, and most importantly of all, you will need to get to grips with the real estate rules and regulations in that area because real estate markets can vary significantly from place to place, and if you get it wrong you and your investment could be in big trouble!
If you are planning to buy a property in Singapore for example, it’s important to know what types of property you can buy, and what restrictions are placed upon you doing so as a foreign national right now. This is something that this great infographic does into in more detail, so it is well worth taking a look:
Infographic created by: PropertyGuru No.1 Property Website in Singapore