The popularity of the purchase of real estate abroad in Russia is growing every day and for a reason – many want to protect their finances and acquire houses or apartments in countries with a more stable economy and political situation. However, those who do this for the first time have a huge number of questions on this topic: what documents must be collected for this, in which country to purchase real estate, whether it will be possible to rent an apartment or house for rent, and so on. We are not able to answer all these questions. This article will only be given a few tips. You can find out more detailed information about the sale and purchase of real estate abroad on specialized Internet resources.
When choosing a house or apartment in another country, it is necessary to take into account several important factors:
1) it is necessary to take into account the political and economic situation in the chosen state. Conduct a small study of the country’s economy: what is the size of its public debt, how developed the industry and the service sector, whether it has strong currency and so on. Then carefully view its legislation and the constitution. By the way, in developed countries, housing prices are usually higher than in developing states.
2) you should study the procedure for buying housing and a taxation system in the country where you are going to purchase real estate, since each state has their own. For example, in Croatia and the Czech Republic, foreigners cannot buy an apartment or house, being a simple individual – they will need to register a company and act as a legal entity.