It turns out that investments in foreign real estate are far from the best way to invest in. Of course, if it is not about moving to permanent residence. And there are several reasons here. Firstly, such investments cannot boast of great profitability.
Rent rental in Europe can bring no more than 3, 5 % profit. In rare cases, it reaches 6 %. For European countries, where borrowed money is very cheap by our standards, it is not bad at all. At the same time, a bank deposit will be able to provide 1-2 % income. But in Russia, even the largest state-owned banks offer 8-10% in large deposits. If you put your money in the bank, you can safely live on interest paid. But the rental business delivers a lot of hassle. After all, you will need to search for tenants, regularly carry out repairs, and also arrange a large number of official papers. It’s no secret that the content of foreign property is not cheap pleasure. For example, housing and communal services in Europe are an order of magnitude higher than ours. In addition, there you need to regularly pay property tax. In Russia, the most important thing is to purchase an apartment, and keep it very inexpensive. Abroad, everything is somewhat different. There are very high tax rates, as well as monthly communal payments. One cannot ignore another point. Many people want to buy an apartment, and then after some time to sell it, having made a profit. But in the abroad of foreign markets, this does not have to wait. In a word, you need to be extremely careful about investment in foreign real estate.