To buy property abroad
What people is pursued , buying housing abroad? In what sense of a similar act? Experts in the field of foreign real estate conducted research which helps to answer many similar questions in case of decision making on house purchase abroad. After all invest in real estate abroad it is perspective if it is correct to determine own priorities and not to make the country wrong choice.
Buy housing abroad to have possibility of private rest. To work and develop business. With prospect on moving to the country for a permanent residence. Often buy apartments and villas abroad to lodge there children for their study or the retired parents.
Rest is called among the priority reasons of purchases of real estate abroad by the realtors working in Bulgaria, Latvia and Turkey. By the way, in Turkey the vast majority of buyers make the decision to purchase real estate after have a rest in resorts of this country. Also because of resort appeal buyers of real estate in Turkey most calculate that will be able to lease successfully the apartment abroad and to get thus profit.
Besides in Bulgaria, Turkey, and also in Montenegro many buyers expect further long-term accommodation. And more than a half of the Turkish realtors reported that their clients plan to live quietly in Turkey in old age.
Especially it is necessary to emphasize that if as a whole experts specify weak readiness of Russian-speaking buyers to invest in foreign real estate objects under construction stage (nearly 70% of realtors declared that such investors aren't present), in Turkey a picture other: many buyers estimate the stage off-plan (a construction stage) as very attractive offer. And to that there is an explanation: the companies builders in Turkey at this stage actively apply systems of various discounts, prolongations of payments. Banks of Turkey with readiness and without difficult procedures issue to foreign investors mortgage loans. And if to consider that build in Turkey quickly, and apartments are leased not simply with final finishing, and already completed with the bathroom equipment which has been built in by kitchen furniture, is frequent with household appliances, it becomes clear that to purchase apartment abroad in Turkey at a stage of construction investment profitable. It is possible to get profit only on real estate purchase at a stage of off-plan and then on its resale already in finished form. This version of the transaction if it is a question of acquisition not one, and two-three small-sized apartments in a complex under construction is especially perspective.
And one more important factor in decision making to purchase real estate abroad – housing cost.
At the time of carrying out research the highest price range was characteristic for Italy: 47,1% of realtors note a considerable share of transactions higher than 500 000 dollars. The average price category (150 000 – 500 000 dollars) prevailed in Latvia where it was specified by 92,9% of survey participants, and in Spain (65,4%).
At the same time experts and realtors note that bigger degree Russian-speaking buyers are interested in real estate in the lowest price category, worth up to 150 000 dollars. The similar real estate dominates in Bulgaria and Turkey. Quickly developing and mobile construction industry of Turkey sensitively listens to the market and in recent years new objects are built with orientation to this buyer category, thus strictly adhering to the high quality standards of construction and finishing which in Turkey watch closely. It is possible to claim surely that the price relation and qualities in the Turkish new buildings is optimum.
And at last, except the low prices, one of the main factors attracting buyers of real estate for carrying out rest – the visa legislation. In Turkey it is very democratic, especially for the persons having in this country real estate. And it plays a crucial role in case of a choice between Bulgaria and Turkey.
Author: RestProperty
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