However, this does not mean that you should buy the first foreign property you come across, because real estate is an investment, and you need to invest wisely.
Before purchasing foreign real estate, it is necessary to decide on a country, as each state has political nuances, its own laws and tax system. Buying without knowledge of these important points may lead you to conclude that owning a home in a particular country is unprofitable.
So, let's look at the purchase process using a specific example and talk about how to buy real estate in Germany. First of all, note that this country is attractive to investors primarily due to its stable real estate market. Speaking of price growth, on average it does not exceed 3% per year.
Note that for just 600 thousand rubles you can purchase an apartment (up to 50 sq. m) or a cottage in most German cities, and with quality renovation. If desired, the interior design of the cottage or apartment can later be redone and the property resold at a higher price.
It is also interesting that the process of purchasing apartments in Germany for foreign citizens is practically no different from how residents of the country buy real estate. The only difficulty that may arise is obtaining entry or a long-term visa.
On average, processing all documents is quite fast (usually a few months). While in other countries, buying an apartment for foreigners is much more difficult – processing the necessary documents takes about a year. The transaction is handled by a notary, and in principle, all the worries fall on his shoulders. The parties only need to sign the contracts. It should be noted that the buyer will need to open an account in one of the country's banks, as all payments are made only by bank transfer. If you contact an agency that will handle the transaction, you need to pay about 4% to the representative.
PR