There are so many different investment opportunities around the world. That’s why deciding where to invest your money can be somewhat challenging. Did you know that international real estate is an awesome way to start?
What are the perks of owning foreign real estate?
Investing in international real estate is one of the ways to start internationalizing your portfolio. Moreover, such investments also allow you to upgrade your tax strategy, and even get a second passport .
Just think about these five benefits ↓
1. Earn higher returns
Most developed countries won’t offer you this benefit. Still, places like Cambodia can guarantee you up to 7-10% percent in rental yields on your properties while earning 10-15% in value appreciation each year. Emerging small markets have been continuously developing over the last years, offering you the possibility to grow the value of your property much faster.
2. Protect your assets
Owning real estate outside your homeland can be the backup plan for different issues arising at home. Moreover, investing in international real estate can help you protect your assets from a variety of people and companies trying to affect your wealth and belongings.
3. It’s a form of government insurance
Global stuff like currency devaluation, trade wars and political changes can make you really nervous about the future, that’s why you’ll want to invest in a more stable market as an insurance policy.
Remember that insurance is important, regardless of your actual location.
4. It can enhance your tax strategy
Owning international real estate means you can keep your income in a foreign real estate investment and let it accumulate value without having to pay taxes. Remember though that your property's tax-free status doesn’t apply if you rent or sell it.
5. It will diversify your life
Such investments can really diversify your life. When owning property offshore, you can truly plan on living there part-time or even moving to the country.
Also, many countries allow you to obtain a permanent residence visa when investing in local real estate.That means that you’ll be much closer to receiving a residence or citizenship by investing in international real estate. It might even serve as an “escape route” if you’re concerned about the stability of your homeland.
In the worst case scenario of permanently leaving your home country, you’ll have another home waiting for you.
Conclusions
Buying foreign real estate can become the first step of your offshore business strategy.
Regardless of your main purpose – higher returns, asset diversification, government insurance, making this intelligent investment will give you the benefit of feeling secure and look with confidence into the future.
If you need help figuring out where and how to start investing into foreign real estate, feel free to contact us for professional consultancy.