If the idea of owning a luxurious beachfront property has been on your mind, you might be pleasantly surprised to discover that it’s more feasible than you think. However, acquiring real estate abroad can present its own set of hurdles, varying greatly depending on your chosen location.
Simplified Destinations for International Real Estate:
– Colombia
– Brazil
– Panama
– Costa Rica
Costlier Options for International Real Estate:
– Portugal
– The United Kingdom
– Germany
Regions with Specific Regulations or Requirements:
– Vietnam
– Mexico
– Greece
– Thailand
In these areas, purchasing real estate might involve additional steps or criteria. For instance, in Vietnam, all land is state-owned, necessitating leasing arrangements even for locals. Collaborating with a local legal and financial advisor familiar with international property laws can be beneficial. In Greece, for instance, adhering to a stringent procedure for demonstrating funds is crucial to avoid hefty taxes during fund transfers for property purchases.
