Of course, when buying property abroad, not all our compatriots plan to spend their quiet retirement there, although some do consider emigration. Why? The fact is that such a purchase is an excellent opportunity to earn a decent income from your investments. By choosing the right property, you can expect a yield of around 10-30% per annum, given that the risks of buying foreign real estate are much lower than, for example, in Russia.
Moreover, strangely enough, domestic housing is often financially inaccessible for us, which cannot be said about foreign real estate. For example, currently the cost of a two-room apartment in Moscow is comparable to the cost of a good house in Eastern European countries.
However, when purchasing foreign housing, it is necessary to pay attention to some nuances. If you need property primarily for preserving capital, it is better to buy a fully finished home in a country with a stable economic situation. The European market has a very large selection of properties at the same price as here with us, but the quality of property bought abroad is much higher.
For example, a square meter of housing in a bedroom community of the capital will cost no less than 2500-3000 euros. And that is without interior finishing. For the same amount abroad you can buy an apartment that meets European standards, usually with infrastructure: a playground, green area, swimming pool, parking, restaurant, and other additional amenities.
Investments in real estate are always profitable, and the amount of profit largely depends on the country chosen by the investor. Buying or selling a finished property can immediately yield up to 30% annual income. When acquiring real estate for a long term, reliability of investments is essential. Housing in Italy, France, and Great Britain fits this description perfectly. Although real estate in these countries does not yield huge percentages, prices are stable.
If you are counting on quick profit, it is better to buy real estate in developing countries where the system of selling properties to foreigners is just emerging. For instance, in Montenegro, Hungary, the Czech Republic, and Eastern European countries, housing prices are steadily increasing by 20% annually, including Bulgaria; more details about Bulgaria can be read on this forum. However, currently it is already quite difficult to find a good option in these regions. Still, if everything is done correctly, property purchased here will yield an annual income of 10 to 20%.
There are countries where, to buy housing, a foreigner only needs a passport and the necessary amount of money in a European bank account. But there is no need to rush; you need to think everything over carefully, weigh options, choose a country, browse websites, forums, blogs, talk to people who have already bought real estate in that country, and only then make a choice.
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