{"id":47491,"date":"2023-01-23T18:10:14","date_gmt":"2023-01-23T23:10:14","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=47491"},"modified":"2023-01-23T18:19:49","modified_gmt":"2023-01-23T23:19:49","slug":"buying-real-estate-overseas-to-protect-your-wealth","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/buying-real-estate-overseas-to-protect-your-wealth\/","title":{"rendered":"Buying Real Estate Overseas To Protect Your Wealth"},"content":{"rendered":"
Instead of buying into the U.S. housing market, which, along with the housing markets of several other rich economies, is heading towards a price slump, investors should buy property overseas.<\/p>\n
You do not have to be super wealthy to think about buying real estate overseas<\/a> to protect your wealth. This belief is not so much the case in the increasingly globalized world. Foreign real estate is available at various price points, making it accessible for many people regardless of their net worth. Investing in real estate abroad can serve several practical purposes and is an important way to protect one’s assets.<\/p>\n Our experts look forward to discussing all options you have to make the right decision for your specific needs!\u00a0 Contact us today<\/em><\/a> to arrange a consultation.<\/em><\/p>\n <\/p>\n Investing in real estate overseas is a way to diversify beyond the U.S. markets. It can serve several practical purposes as well as serve as an important way to protect one’s assets.<\/span><\/p>\n Of course, every investment has a risk, and overseas property investment is no different. There are a number of potential risks to be aware of before making such a purchase, including:<\/p>\n These are just a few of the risks you need to be aware of when considering buying property abroad. It is important to do your research and consult with experts before making any decisions. A legitimate tool<\/a> for some individuals who would greatly benefit from the tax policies of a different country. By investing in foreign property, a person does not have to tie up his or her funds in a volatile market. There may be certain tax advantages to purchasing a second property that may not be realized with other forms of investments. For more information on investing in real estate or asset protection contact us<\/a> today!<\/p>\n <\/a><\/p>\n Here are some other interesting articles:<\/p>\nTips for Buying Property Overseas<\/strong><\/h3>\n
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\nFinding a property abroad varies on your aims \u2013 investment, residence, part-time occupation etc. Where you buy your property will be dependent on what you want to use it for.<\/li>\n
\nIf you\u2019re buying a property abroad in hope of eventually renting or selling then be sure to do your research on the area, market strength, local economic performance, and upkeep costs.<\/li>\n
\nInvesting in international real estate can be a great choice. When it is done properly, it is an effective way to open profitable opportunities and to diversify investment holdings. Countries all around the world have unique property laws, ownership regulations, reporting requirements, and tax rules that could potentially impact a foreign real estate transaction.<\/li>\n
\nWith a clear understanding of your motivation, selecting viable properties to suit your needs is a relatively straightforward process.\u00a0 The current strength of the U.S. dollar is creating extraordinary opportunities for dollar-holding property investors around the world. While many high-net-worth individuals pay cash to buy property overseas, it’s smart to have a bank account with local currency available to you.<\/li>\n
\n<\/strong>If you’re planning a move overseas and would like to be able to stay indefinitely in your new home, you\u2019ll need to become a legal resident of that country. Some countries allow you to become a resident in exchange for a real estate purchase. While some residency options can require you to remain physically present in the country for a minimum number of days, weeks or months every year, real estate investment options have minimal and sometimes no requirements for spending time in the country.<\/li>\n
\n<\/strong>Everyone\u2019s tax circumstances are different, and this is especially true in the diverse and changeable real estate market. Each nation will have its own unique body of tax laws and legislation, which may require you to repay costs such as stamp duty, title transfer tax, or even inheritance tax at the point of purchase.
\nBefore investing abroad, find out about the tax impact of such an acquisition. Question whether the country you have chosen has signed a bilateral tax treaty with your country, otherwise, you will be liable for taxation purposes in 2 countries. If an agreement is signed, you will be taxed by the country where you reside and receive a tax credit for the same amount in your country of origin.<\/li>\n
\n<\/strong>Understanding the direct implications of geopolitical risks attributable to real estate can be challenging to measure. These risks, both global and domestic, generally materialize as volatility due to uncertainty about the future impact on economies and financial markets. Staying safe while you’re overseas is of prime importance and you also want to make sure your overseas property is protected when you are in the U.S.\u00a0 Overseas buyers should research political issues, crime, and the prevalence of extreme weather when determining where to buy.\u00a0 <\/strong><\/li>\n
\n<\/strong>While you could buy the property outright, that\u2019s not always the best way to structure your finances. A better approach may be to secure a mortgage loan and use the proceeds to pay for your offshore property. This is a good idea for more than one reason.<\/li>\n<\/ul>\n
\n<\/a><\/p>\nThe Risks of Buying Property Overseas<\/strong><\/h3>\n
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\n<\/a><\/p>\nThe Benefits of Buying Property Overseas<\/strong><\/h3>\n
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Take advantage of international asset protection<\/strong><\/h3>\n
\nSome international laws have specific requirements for home ownership from non-nationals, so consulting an attorney before purchasing real estate abroad is strongly suggested.<\/p>\n