How to buy property abroad?

Unfortunately, real estate in Russiacosts much more than in many other countries. Therefore, recently, an increasing number of people are interested in the question of how to buy real estate abroad. The American center, engaged in the analysis of the real estate market worldwide "Global Property Guide", reports that the average cost per square meter in Moscow (center) and St. Petersburg is about 13,000 euros. While the average price per square meter of the largest cities in Europe is: 3094 euros - Germany, Poland, Denmark; Czech Republic - less than 4000 euros; Spain 4700 euros. For example, a small house on the coast of Montenegro will cost you an average of 2,800 euros per square meter of housing.

The most popular in this respect remainsuch countries as Spain, Cyprus, Italy, Bulgaria and the United Arab Emirates. This is due to the fact that owning real estate in the above-mentioned countries, you get the opportunity to obtain a residence permit and benefits for visa processing.

Buying a property abroad (regardless of the country), almost always passes under a certain pattern:

It is necessary to sign a preliminary agreement.
Pay the deposit.
Conclude a Sales-Sale Agreement
Make the remaining amount.

Tips for buying property abroad

When buying property abroad, pay attention to the following points:

Find out the conditions under which a foreigner can buy an apartment abroad, (namely, in your chosen country), and the forms of property existing there.
Choose a real estate agency in this country, where you will be helped with the choice of housing and will provide the necessary legal support. You can also use the services of intermediaries in your country.
When choosing an agency, the preference should begive to companies with many years of experience and high reputation. Such agencies are more reliable, and have highly qualified personnel, which will have a positive impact on the quality of the services provided. • When looking for a variant, be sure to find out the terms of its sale: it can be either full ownership or long-term lease.
Specify, whether will take part in signingother persons, except the seller and the buyer. Be sure to pay attention to the possibility of refusing to buy from your side, bearing the minimum risk of loss of deposit.
Check that the contract was written down the cost of real estate, which you acquire. Check that all terms of any obligations are stipulated.
Specify the amount of costs associated with the transaction (all kinds of taxes, fees, including payment for agency or intermediary services). Such costs can be up to 15% of the purchase price.
Prepare all the necessary documents. Do not forget to check the validity of your passport and identification code. Open a bank account if required.
In the state bank of your country you need to get a license that allows you to buy real estate abroad. To transfer money to another state without it will be impossible.
Register the contract of "Purchase and Sale" in local government.
Insure your new property. Insure property in most countries is not necessary, but it is better not to neglect such a factor in order to protect yourself from various risks.