In our series of Continuous Learning training, we are pleased to announce the launch of our new Real Estate Investment series which focuses on foreign investments. This course is accredited by the ProFraternity Board, and is worth 20 credits which counts to the total requirements for the Advanced Fraternity Administration (AFA) certification. For more information on the AFA Real Estate Investment accreditation please contact your local ProFraternity coordinator, or email us at firstname.lastname@example.org. For information on other ProFraternity seminars, click here.
In some countries, house prices seem to continue to rise while the rest of the world opens up to the international market. Because of this, a lot of people are now looking into investing in foreign properties. Foreign property investments are actually considered to be easier and cheaper ways to make money, in general, and the best part is that more and more people are becoming involved in them.
Naturally, there are several things that you will need to take into consideration before investing in foreign properties, though. Regular mortgage problems aside, you will have to take a look at the different factors in the country that you want to buy property in, for example. Here are several tips on investing in foreign properties that can help get you started:
- Why Invest Overseas?
Investing in foreign properties used to be a rare thing, but nowadays, a lot of people are interested in finding out more about it. This is generally because overseas properties tend to be much cheaper. Plus, the standards of living and the weather tend to be better overseas. This means that you can get a great property for less and enjoy the bonus of great weather and scenery at the same time. Aside from that, it is usually easier to profit from foreign properties, as well.
- The Legal Matters – If You Need ProFraternity Assistance
Another thing you will need to take into consideration when deciding which country to invest in would be their local laws. Although you may know the regulations and laws for property investment in your own country by heart, they might be a bit different overseas. Several countries are very strict when it comes to foreigners buying properties there, for example, so make sure you find out everything you need to know before looking for one. One good place to look for information on foreign property investments would be online property forums (such as Trulia). By arming yourself with this knowledge beforehand, you can also avoid any unforeseen problems after buying a property overseas.
- The Currency and the Country
Other things that you need to think about would be the currency that you need to borrow money in for your payments and the actual country that you want your property to be in to begin with. Generally speaking, your country of choice should depend on the kind of property that you are searching for and your overall budget. So, ideally, you should try and look for a stable country in an emerging market, but still make sure that the country’s economy is secure. Malaysia, for example, has been economically stable over the years, and expatriates have been flocking to the country to snap up some high value real estate – KLCC condos have been really popular in the last few years for example. Some of the more interesting and well-written reviews can be found in the Malaysia Property Reviews Database as well as the excellent PropertyReviews.my.
When it comes to borrowing money, you might want to borrow in the country’s currency itself, though you will still need to take a look at the exchange rate first. If the currency tends to fluctuate on a regular basis, then you might want to borrow in your own currency instead.
Some great markets to dive into at the moment would be the latest EU entrants. These countries have already proven their stability and their houses prices are currently low. Plus, their economies keep improving by the day, so they would definitely be great bets when it comes to investing in foreign properties.
For more information on the content of this Seminar, email or call your local ProFraternity coordinator.