Thread: Anyone here buy property internationally?

I was curious to hear from people on here about their experinces in buying property in a foreign country. I'm in a position to pick up some land/house in Croatia and am trying to get as much advice as possible. Just wanted to here other people's experience on the good, bad, and ugly that they may have gone through doing this type purchase in a foreign contry.

Are you glad you did it? How difficult was it to develop, if you did so? Were there any legal obstacles you had to deal with? etc, etc...

I'm not here to probe into personal matters such as how much you paid for it, unless anyone wants to share.

Thanks again guys!

im from canada and would like to know what it takes to buy in miami....

Originally Posted by Zimnicki

im from canada and would like to know what it takes to buy in miami....

wouldn't recommend going there. Market is dropping, crime is rising and the enviroment in general is not as good as it used to be. Then again, it's the same story with many cities down here.

Best place 4 property investment is Europe.

Or much rather countries that currently arent in the EU but will be in foreseeable time.

Just like croatia and northern cyprus.

We just got a request from dubai to buy a property in croatia. Just look what happend to the prices in poland since they joined the EU. They tripled!

^^^I absolutely agree! I've got a TON of family in Croatia, and do to some recent events/realizations, I want to have something there. I can get something pretty cheap out in the country near where all the family lives, but I'd rather buy in the coastal/popular towns.

Much of the Caribbean is a safe bet.

don't forget asia! it's still not too late to invest in china and vietnam imo.. you've just gotta go a little bit further out from the metropolises, but it's pretty much a sure thing. I'm not 100% sure about china, but in vietnam, it'd be best to know and trust someone in the country to basically help you work your way around all the bureaucratic red tape (i.e. bribes, etc.), and essentially "manage" the property for you. as both countries' economies continue to grow, and sprawl increases beyond current boundaries, what was formerly worthless rural land becomes gold. lots of former farmers and the like have made tens and hundreds of millions in USD in vn over the past few years (and they spend their money like the nouveau riche, too). My uncle (who's in the US...he's not a bumpkin!) saw a return of i think over 30x his investment in some farm land over a period of just a few years... and this was a few years ago, before things really started booming. i think, ultimately, the most important thing when purchasing property in foreign areas is to make sure you have some sort of trustworthy liaison physically there to manage things for you...

Hi, i don't usually post on here but its something i know a little about.
Iraq is in need of 2 million units within the next 5 years so the government is allocating developers with how ever many units they can pretty much handle, you can knock up a unit there for on average $33k and right now selling $50k and there quickly appreciating. Iraqi's are cash rich, and government willing to help you every step of the way. Obviously there's more to it but thats it in a nutshell.

Over here in the UK our Pub (bar) business is down the drain so you're finding freehold pubs in residential areas that are closed down and the owners are selling them for half of what they're worth. By renting out the rooms upstairs and letting the bottom out to either a chinese take away or applying for permission to turn into 3 ish apartments you are seeing your investment back in 6-7 years. So they're a good buy right now...

I have in the past been offered sites in Belize, Mozambique etc for hotel developments but after analysis far to big a risk.

My fam has alot of properties in India.... economy is surprisingly BOOMING

interested in hearing more about this - i've done some research on investment in Coratia which indeed seems to be a great bet pre EU accession in the costal regions.

as for Vietnam - my business partner is Vietnamese; you would never want to buy in a communist country because you dont actually own anything - it can be taken anytime.