Pros and cons of foreign real estate
Germany, Czech Republic – so-called apartment houses (rented housing) are popular and in demand. The disadvantage is that after deducting all taxes, the maximum profit will not exceed 5% even with full population.
In addition, it should be remembered that the law primarily protects not the landlord, but the tenant. Therefore, if you decide to get rid of him, and he pays regularly, then you will not be able to ask him to vacate the territory or change the terms of the contract.
Greece – in the most popular resorts with close proximity to sea housing a one-bedroom apartment on the secondary real estate market costs from 30 thousand euros, on the primary one – from 50 thousand. To rent housing in Greece it is advisable to choose the most popular and affordable price options, then you can actively donate them not only during the high season, but also in less profitable periods.
The main selection criterion should be the optimal ratio of supply and demand. If, in order to save money, you decided to buy a house cheaply and in places where nobody needs it, and if such a house is not in demand, then it will bring you only losses. Therefore, before buying, you should consult with knowledgeable experts in matters of rent.
Austria – “issue price” is quite high. In this country, holiday apartments can be purchased for 100 thousand euros, and the land for construction will cost 1000 euros for a hundred and more. However, for profit, such housing options are not suitable, rather – only for personal recreation, as mentioned above. To significantly increase its capital, we need a more substantial investment – from 500 thousand euros and above.
Australia-tops the list of countries for the activities of the investor. A stable economy in all respects, an extremely high standard of living, social protection of the population, highly professional medicine, the opportunity to get a decent education, as well as a wonderful climate determine the constant and stable demand for real estate in this country. High enough rental rates make Australia very attractive for investment.
UAE – considered the most developed and attractive real estate market in the Middle East. Dubai is known throughout the world for its tallest hotel in the world, posh artificial islands and a cohort of skyscrapers by the sea.
Dubai real estate provides a very high rental income – long-term rental gives up to 10%, short-term – up to 15% of the annual income from the total value of the property.