Investing in international real estate can be an intimidating prospect, but it has its benefits. With the right research, you could be on your way to making one of the most rewarding — and safe — investments available in 2016. To find out way real estate investment is a good bet this year, read my earlier article, Global Real Estate a Safe Bet in 2016.
AFFORDABILITY IS ONE BENEFIT OF INTERNATIONAL REAL ESTATE
Depending on the location where you invest in international real estate — and the currency differences between the US and that nation — you could get a great deal. Housing prices will vary country to country, so it all comes down to where you want to invest.
Likewise, cost of living may be significantly lower in some international markets. If you have plans to retire to your property at any point, this could also work in your favor. Mexico and Costa Rica are two popular retirement destination overseas for US citizens.
INVESTING IN INTERNATIONAL REAL ESTATE CAN OPEN THE DOOR FOR A LIFESTYLE CHANGE
While you may choose to invest in international real estate purely for investment’s sake, acquiring an overseas property gives you the opportunity to own property you can enjoy on vacations and possibly even move into once you retire. As an added benefit, in many countries, home ownership is a key step for obtaining a residency visa, so investing in international real estate will give you a leg up in the process of relocating later.
Whether you’re interested only in building your portfolio or working toward a future vacation or retirement home, investing in international real estate has a number of benefits that make it well worth exploring further.
Teri Barton is a Pasadena real estate agent. Read more articles at kw.compass.com and senior real estate news at boomersnbeyond.com
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