MARCO
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I think it's one of the best ways to make money nowadays...especially with the quickly emerging eastern countries... |
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M1
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Really good idea.
My brother and myself are buying a villa in Coral Bay Cyprus in April. |
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Dr Dee
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A good way to make money. |
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kurimski
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Bad idea unless you have the money and time to go see them for yourself. |
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flyingconfused
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I think it's a great investment. Do your research carefully though and make sure you know the laws etc. The obvious choices are Eastern Europe, Poland etc, but personally I would head for Sweden. Good luck! |
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5yellowchips
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very good risk 2 return but make sure u know what the risks r e.g. currency rates change very fast & so can laws |
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Pope my ride!
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As long as it is for investment, and not a holiday home, then careful buying will make you money. Get a good lawyer in the country in question, a local one that speaks your language too, not a native from your own country, thats how mistakes and mis-interpretations happen. As someone pointed out, capital gains can be high in some countries, namely spain, however, it is easy to become a resident, that immediatly reduces the tax to only 20% of profit, if you re-invest the amount back into Spain, it is 100% free of tax, In all these situations, there are legal loopholes in most countries to reduce tax on investment gains.
I have used the company below for advice on a number of occassions and found them most helpful. |
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happyboy
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It depends where you invest. MY brother bought a villa in Spain (Costa Blanca) four years ago. After two years of struggling to make any money working, he got fed up and came back. Been trying to sell the villa for 1 year, bottom fallen out of the market, too many villas being built. If he does manage to sell he will have to pay 30% tax as he is a foreigner. Be careful, the grass isnt always greener. |
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David W
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The answer is maybe or maybe not. Be very, very careful and check everything thoroughly before you decide to do anything. Laws in other countries are not the same as in your home country and if anything goes wrong, you will have to go there and deal with the language to sort it out. Its possible to make a good profit, but the risk is higher than at home, so its also quite possible to lose all your investment. |
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Skippy
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The big problem with buying property is you cannot pack it in a bag or put it in a box to ship out if things go south as regards the local economy or the local government. Be very careful. Remember a local government which is democratic only has to answer to the local people. It can feel free to screw foreigners at will. A local government that is a dictatorship can screw anyone it want.s |
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Roovs
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You need to ensure the government is stable. Also some countries won't allow you to invest in realestate unless you are a citizen. Invest in a country that is so cheap it can only go up. Look at the countries economy and if it is getting stronger and looking stable, buy in the right place and money should come rolling in. |
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jacqueline m
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depending where you buy it, if its to re let which will be taxable income, but not to buy and sell after few years to make profit as in Spain for example you pay around 25% of sale price back to government a council tax for the amount of years you owned it. |
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anatoliylevchenko
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Very profitable business, particularly in Ukraine's region (land lot, hotels, oil stations). |
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