Investing in Off Plan Overseas Property Abroad

By admin on August 4, 2010



An off-plan property signifies the buying of a property that is not yet complete. The construction may be at any stage – even at the pre-licensing stage, if you are buying a property that has not yet fully completed in all regards, then it is said to be an off plan property. The demand for pre-construction overseas property, or off-plan property, has seen a steady rise over the past decade as more investors turn to the overseas property market for bigger capital growths. On the face of it, investing in property abroad seems a good proposition, but it’s always advisable to acquaint yourself, as far as possible, about the pros and cons of an unfinished property.

Advantages Of Investing In Off Plan Property Abroad

An off-plan property investment abroad entails a whole lot of advantages to the investor. Some of these include -

The foremost advantage is the price factor. You can avail strikingly lower prices for the undeveloped property. The builders offer these discounts because they need to raise immediate capital for construction purposes. Moreover, it’s always the endeavour of a builder to sell the property during construction to offset any probability of failure to gain from selling it in future. Another reason for builders to offer off-plan property at discounted rates is to obtain better interest rates on their development loans from banks and investors. The price obviously has to be on a lower side for an unfinished construction as the builders have hardly anything to show except for a floor plan and an artist’s impressions of the finished development.

Moreover, even this discounted price is not paid immediately. Normally, the builders ask for 20%-30% deposit at the time of the Sale Agreement, and the balance normally becomes payable on completion of the property. You can easily finance the balance on a 70% mortgage in most countries.

Investment in an off-plan property overseas will, most certainly and drastically, mitigate your capital gains tax liability.

If all the payments you make to a builder are covered by a bank guarantee, it means that anything paid is returned to you should the builder defaults. So, your investment is largely secured by a bank guarantee.

An off-plan property investment gives you a chance to supervise your returns on the property during the construction period as well, which is generally 1-3 years. This way you can realize the profit during the construction period as well, should you require immediate money. This benefit is particularly significant if one considers the small amount invested in the form of deposit at the time of Agreement.

The overseas property should be alluring enough to invest. In other words, the builder must, at least, promise to employ state-of-the-art construction materials and install modern gadgetry to make the finished product an exciting proposition to reap maximum rewards, if resold. Some builders also allow the investor to choose the fixtures and fittings to be installed during the construction.

Disadvantages Of Investing In Off Plan Property Abroad

Though off-plan property investment abroad may seem quite a cheap proposition, it has some pitfalls too. Here are some of the disadvantages you might face in an off-plan investment -

The apparent negative feature of off-plan property investment is the chances of the developer disappearing or going bust. Therefore, it’s extremely vital that you do your homework and research thoroughly the credentials of the developer. If the developer is a well known entity in that particular region, chances are that the deal will be good, but if he is a new entrant in the business, you must be extra vigilant in ensuring that your money won’t go down the drain.

Another risk you will be undertaking by investing in off-plan property is its possible sudden fall in value within the real estate sector. You can never predict the tilt of market forces, and can incur losses if the demand for that kind of property has hit a low during construction.

There is a wide gulf between the projected and the actual product. The overseas builder can easily take you for a ride if he uses inferior or different materials during construction than promised. However, if the developer has a good reputation, chances are that such cheap tricks won’t see the light of the day.

If you are planning to move into your newly acquired possession, then ensure you are flexible with your moving dates. You can never be sure about the precise date by which the construction will be completed. There may be any number of hurdles in the construction process, and during this period, you just cannot pack your bags and hop in your dream home or apartment.

Legally speaking, you are not the actual owner of the off-plan property until it is completed. So, you don’t enjoy all the rights against the property as enjoyed by an owner. Without ownership, the banks may not lend against the property, and therefore, any money required before completion may have to be raised from personal resources. However, these cases are few and far between, most banks will lend the remaining monies in the form of a mortgage secured on the finnished product.

After getting yourself acquainted with the ins and outs of off plan property investment, it’s time to make a decision on investment. If you’ve decided to invest in an off-plan overseas property in Europe, then check out our off plan developments in Spain, Bulgaria, Turkey, Portugal, and Italy. Visit our Off Plan Developments page for a full list of current off plan properties for sale abroad.



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Foreign Ownership Rule for Land and Property in Thailand

By admin on August 4, 2010



Purchasing a land or property in Thailand is regarded as a great option for investment as well as for residence and retirement purposes. Due to its infancy and strong potential for a profitable future, Thai land and property is becoming popular and attract all categories of property buyers.

Further, since the tourism sector in the country has grown from an established position into an even more productive economy, Thailand, acknowledged as ‘the Spain of the East’ provides superb opportunities for property investment. Above all, Thailand boasts of some excellent land or property development and that too for astonishingly cheap prices.

No wonder why many expats including Americans and Europeans invest in Thai property such as villas, condos, and other housing options. But, investing in a Thai property is based on your requirements, location ie whether near supermarket or beach, and lifestyle, ie, whether you prefer a Thai or a mixed neighborhood.

For retired foreigners seeking tranquility and solace, a best option would be to invest in property located in destinations like Koh Samui, Chiang Mai, and Phuket. If you want to have an easy accessibility to almost all facilities, then it would be better to invest in cities including Bangkok, al though prices would be exceptionally high compared to other parts of the country.

However, certain restrictions have been imposed on foreign investors in order to own a land or property in the country. In other words, the property law in Thailand does not allow foreigners or non Thais to have a freehold land in the country. But, there are certain exceptions in the law with regard to this issue. Al though a foreigner cannot purchase land or property in his own name, he has been given some alternatives to acquire a property in Thailand according to the Section 86 of the Thai Land Law, which are as follows:

Buying a property through Thai spouse – Thai property law allows a foreigner with a Thai spouse to invest in a property or land in the country. But, the land or property must be registered under the name of the Thai. It is also important for the foreigner to specify that the funds used for the purchase of a property are of a Thai spouse. However, this option may sometimes become a problem in a divorce case, since a foreigner may find difficult to prove that it was a marital property.

Buying a property in the name of a Thai company – As per the property law, a non Thai can own a property in Thailand through a Thai company, provided 51% of the company’s share is Thai and 49% is foreign.

Buying a property through Investment (BOI) – A foreigner can acquire a limited amount of land or property with considerable investment of fund. Under the Thai Property Law, a non Thai citizen investing 40 million baht for not less than five years can purchase up to 1500 square meters of land and that too for only residential property. But, a prior permission should be obtained from the Ministry of Interiors. Likewise, this option cannot be availed by foreigners who are looking to invest in his second house or retirement homes.

Structure Ownership – In this case, a foreigner may be granted a Right of Superficies by a Thai spouse or a Thai company. This in turn provides foreigners to have rights over all kinds of constructions on the land. The Right of Superficies usually last for a period of ten years with options to renew it again for 30 years, if required.

Leasing – This is perhaps the least complicated option for a foreigner to acquire a property or land in Thailand. Mostly, the land is leased to a non Thai for a period of 30 years, which can be again renewed for a period of 30 years. Leasing a land in Thailand is quite simple and does not require much maintenance.

Despite these options, it is important to make a thorough analysis of title deeds prior to investing in Thai property. Title deeds usually include three main types such as Chanot (Nor Sor 4), the Nor Sor 3 Gor, and the Nor Sor 3.

But, there is not any restriction for a foreigner to own or purchase a condominium in the country except for that he should bring in the whole money for buying a condominium in foreign currencies. Further, a foreigner could own only up to 49% of units of a condominium block.

With a myriad of real estate agents and property builders in the scenario, it is not at all a chaotic process to own a land or property in Thailand. Majority of them provide assistance to deal with complicated Thai law for acquiring a property in the country. Some of them even provide legal advice and conduct investigation and consultation in order to acquire a property. There are also firms providing management, project planning, and development in connection with a property.



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How to Find an Ideal Countrywide Property

By admin on July 6, 2010

The economic recession in the past years has greatly affected the world market. The downturn of the economy made everyone tighten their belt and many of them have sold many properties and even more properties have been foreclosed. Aside from these, many businesses have slowed down that made many investors to slow down, too.

But now that the economy is slowly booming, property investors are inclined to invest in properties again and the best way to do this is by acquiring countrywide properties especially in UK. Although many investors still rely in newspapers in searching for a potential real estate, there is still the easiest and effortless way to do this which is looking for it in online market. You can already determine which one offers you a great deal. There are wide arrays of UK country side properties which you can easily obtain in the internet wherein it enables you to select and pre-qualify the best property throughout the country.

Another way for prospecting in this kind of real estate and that will definitely make you rich is by conducting a thorough research about it. You must seek other sources where you can get substantial information about the countrywide properties in UK. Asking from reliable sources about the standing and condition of the properties being sold will be a great help to you. It is very important for you to know every detail about the property that you are interested in investing to avoid any hassles in the future.

Financing is another important aspect that you have to consider. In looking for the best UK countrywide property whose value is a little bit higher, you must have a sufficient fund for you to be able to acquire it. If your capital is not enough, there are financing schemes offered that enable you to obtain the land that you want to purchase.

Investing in countrywide properties, you can surely earn enormous profits from it.

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Learn the Know-How Art in Investing in the Countrywide Property

By admin on June 17, 2010

One of the greatest ideas in gaining profit and earning more money is to invest. Yes, nowadays there are different modes of investment such as real estate and stock market which promise you instant money. But nothing really beats investing in a countrywide property because you no longer have to exert so much effort in maximizing your portfolio and this also does not have high risk potentials.

But what is really the number one consideration in choosing your very own property? Well, the number one thing you must consider is looking for the best place on earth where you can purchase your property. Yes, there are different countries which offer the best properties to own but the most ideal country for your very own property is United Kingdom.

If you think that locating the properties to own in United Kingdom is a very hard process, you are having the wrong thought. Did you know that there is a process that will help you attain your goals? This is no other than the countrywide search which is hailed the most reliable tool which directs you to the best properties that can give you amazing returns and gains.

You can’t get the countrywide search anywhere except in the internet. All you have to do is look for a website that provides this kind of service and after a click, you can already have the chance to choose from the manifold properties in United Kingdom which you can own in the future.

By doing the search in the internet, you can definitely save your time and energy. Aside from that, a countrywide real estate can also assist you by providing you guidance in selecting the right property to own.
The countrywide property investment is not as easy as you think so it is very important for you to master the art of studying the know-how in order for you to guard your money very well.

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Investing in a Countrywide Property

By admin on June 12, 2010

Investing is always a great idea if you want your money to grow and gain profit. The only problem takes place is choosing where to invest. You can invest in a stock market, establish your own business, or buy a property. Though investing doesn’t really assure an investor with its success, many are still interested about the process.

When it comes to investing, one of the most popular is the property investing but there are a lot of factors to consider before you invest in this kind of process. The challenge to an investor before investing in a property is to locate the perfect place. Good thing there is now a new process that will you in finding the perfect place to invest and this is through countrywide search.

Before, owning a property in other country seems to be impossible but as time pass there are already ways that you can do to make happen. We all know that internet is the most powerful tool when it comes to searching information and it also the best way to look for a property around the globe. Just look for a website that offers this kind of service and just a few minute you might have a target property to own.

You can gather details and compare it to other properties in other countries. Just imagine the amount of time you’ll save using the internet in searching for the right countrywide property. Aside from internet, you can also ask for assistance in a countrywide real estate wherein they can give you guidance in choosing a property to invest.

Countrywide property can really be a great investment especially if you have chosen the right place to own. You can own properties in USA, Australia, England, France, and other countries in Asia.

In choosing the place to invest it is very important to be careful in dealing with it especially if you are buying it in a place that you hardly know. The process of investing a countrywide property is not that easy. So, make sure to study first how it is being done to ensure the safety of your money. You can seek for guidance from an agent to help you out with the process.

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Buying a Countrywide Property

By admin on June 7, 2010

Investors on a countrywide property tend to have different requirements and needs. You need to realize that the industry is very competitive and not all investments will provide you with exceptional returns. You should consider some factors when looking for the right investment opportunity. The real estate industry is easily affected by the political and economic situation of the country. To ensure profitable deals, you will have to choose the perfect location.

You can find much info online about investing on countrywide property. When properties are advertised, it will already come with the needed info to analyze the opportunities and risks. You can make use of reputed websites to get valuable information. So, where can you invest today? There are many places where you can invest like Australia, Bulgaria, Cyprus, England, France, Morocco, South Africa, Thailand, USA, New Zealand, Poland, Slovakia, and Vietnam.

If you live in another country and not from the places mentioned above, you will need to conduct a thorough research about the available properties. Determine the regulations in these countries when it comes to purchasing properties, especially the laws.

The only way to find out if a property is valuable is to gather all the pertinent info about a particular property. Among the things you need to consider are the following – location, funding capital, and the laws governing the purchase of countrywide properties. Once you decide to make the purchase, it would be best to hire a competent lawyer to assist you with the legal paperwork and documents.

Check out the advertised properties on the countries mentioned earlier. Thanks to the internet, it’s quite easy to find valuable information. If you have enough budgets you can visit the country personally to get the ‘feel’ of the place. This is the best way to assess the property’s profitability potential.

When local properties are more costly than the countrywide property that you’re interested to buy, then you’ve found the perfect opportunity. Prices are very important when you are making the purchase. The best properties are those that are sold below the market value and found on the ideal location. Just be patient in your search to find the best deal.

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The Easy Way to Find a Perfect Home

By admin on June 4, 2010

People from all walks of life need a shelter to live in. They have different preferences on where and what place they would like to reside, what kind of environment or surroundings they would like to have. That is why they keep on looking for a place where they will be satisfied, comfortable, safe, and convenient for them to dwell. But sometimes, looking for it would be very tiring and exhausting. It is sometimes hard for you to find yourself the place that will suit your taste and needs especially if you are busy and don’t have much time to look for it.

There is now a solution for your problem because there is now a countrywide real estate that will help and assist you to find the right and perfect place which you can call home. You can now easily obtain and acquire properties in countrywide without so much fuss and effort. There are countrywide properties offered in online market where you can freely choose the exact place where you and your family can settle for good.
This countrywide real estate provides you all the facts and information about the place they are offering online. They are offering different kinds of properties nationwide where you can find a place which you can own or rent. They can even assist you in the financing aspect.

Obtaining countrywide properties can be acquired in many ways like renting, letting, or buying foreclosed countrywide properties which are the best way to own a land and home. It is because you get a lower price in purchasing foreclosed countrywide real properties. Best buy for low cost.

Acquiring these properties in different places nationwide is an advantage on your part because you can purchase them at low cost and resell it and gain more and big profits.

To top it all, you can easily search for it in the internet. Find a website that offers the best properties nationwide.

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Property Appraisal for Investors

By admin on June 2, 2010

Property appraisal or property valuation is the process of determining the value of the property on the basis of the highest and the best use of real property (which basically translates into determining the fair market value of the property). The person who performs this property appraisal exercise is called the property appraiser or property valuation surveyor. The value as determined by property appraisal is the fair market value. The property appraisal is done using various methods and the property appraisal values the property as different for difference purposes e.g. the property appraisal might assign 2 different values to the same property (Improved value and vacant value) and again the same/similar property might be assigned different values in a residential zone and a commercial zone. However, the value assigned as a result of property appraisal might not be the value that a property investor would consider when evaluating the property for investment. In fact, a property investor might completely ignore the value that comes out of property appraisal process.

A good property investor would evaluate the property on the basis of the developments going on in the region. So property appraisal as done by a property investor would come up with the value that the property investor can get out of the property by buying it at a low price and selling it at a much higher price (as in the present). Similarly, property investor could do his own property appraisal for the expected value of the property in, say 2 years time or in 5 years time. Again, a property investor might conduct his property appraisal based on what value he/she can create by investing some amount of money in the property i.e. a property investor might decide on buying a dirty/scary kind of property (which no one likes) and get some minor repairs, painting etc done in order to increase the value of the property (the value that the property investor would get by selling it in the market). So, here the meaning of property appraisal changes completely (and can be very different from the value that property appraiser would come out with if the property appraiser conducted a property appraisal).

A property investor will generally base his investment decision on this property appraisal that he does by himself (or gets done through someone).



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Mallorca Property for Sale – Choose Suitable Property From an Exclusive Collection

By admin on May 23, 2010



Finding perfect Mallorca property that can fulfill your necessities can be a difficult journey with the surplus of real estate firms and greedy brokers. Online companies offer a collection of Mallorca property. Mallorca Property for sale and rent marketplace offers the purchaser an exclusive selection of new or “off-plan” around to “second hand” or “resale” property. The sort of Mallorca property for sale in each way can be split into apartments, town houses or duplex, villas or also fincas and ruins.  Spain is a beautiful place and a perfect place to buy a second home as a second home to reside on!

Online Mallorca property firms are presumably presents best resorts of Mallorca property. Mallorca Property for sale offers real estate investment opportunities such as flights, hotels and car hire to eating out in well known restaurants, you will get online. No spectacle it remains a favorite with relatives decides to buy Spanish property in the beautiful resorts.

Buying from Mallorca Property for sale and renting properties out a erudite villa right on the Pine Walk or a Spanish country house with large swimming pool. The Mallorca property market in Spain leaves one of the most famous picks for overseas purchasers, particularly from European countries like UK but the Spanish property market in many areas of Spain has growing up year by year. Purchasing property in Spain can be so ease in many ways than purchasing in any other country, however, it is not a conclusion or method to take lightly since a huge amount of money is booked as venture. In order to secure your pursuits, and i want to suggest you through all possible problematical land or property issues, i will suggest you to search legal guidance erstwhile to purchasing a property in Spain.

Online Mallorca property for sales is the best place the holiday maker, the renter or the ability purchaser a numerous collection of Mallorca properties to opt from, putting you in perfect manner and then contact with the seller or his representative protect your funds. If you are going to sale property in Mallorca or looking Mallorca property for sale you may just use internet and you will get a lot service provider there offering services like Mallorca property for sale or property in Mallorca. Mallorca property for sale online is a premier marketplace for purchasing property in Spain. Presently, due to low interest rates and good economic conditions, as well as of course, the desire to take advantage of the sun, sand and lifestyle that Spain has to offer. Online investors can find Mallorca property in many different areas for each type of property purchase. Whether it is for investment, a holiday home or villa, commercial or new development property in Spain, you can get all types of Spanish properties which suits every expenditure. You will also find experienced staff to suggest you on all legal and financial concerns pertaining to buying Property in Spain.

Purchasing property in Mallorca is neither a difficult process nor a specific unusual one to those who have, for example, buying property in the United Kingdom. There are many correlations from negotiating a cost and finalizing an “offer and acceptance”; undertaking searches; checking the title; ascertaining all relevant confirmations are in place for the Spanish property; checking it’s condition; agreeing any third party finance for the purchase etc.



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Mallorca Property for Sale – Choose Suitable Property From an Exclusive Collection

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Why Invest in Property?

By admin on May 14, 2010



Introduction

Interest rates for savers generally follow inflation trends and statistics show that these gains are always positive unless you are very unlucky. The reason why so many people invest in Banks is because they are usually a safe bet. Indeed, often your savings will be guaranteed.

Money in a savings account is usually a safe investment but the return can sometimes be limited for the investor when compared to other options.

There are many opportunities for investment depending on the level of risk an individual is prepared to take. These forms of investment might include stocks and shares, endowment insurance policies, pensions etc. We are focusing our attention on the property market where our expertise is.

Stability of Property Values

In real terms although property markets do suffer from peaks and troughs, property does increase in value in the long term. Recently in some areas, property prices have actually gone down, this is due to the economy which has an effect on supply and demand. An over supply of property can easily reduce property prices when the property market is struggling.

Property prices do go down but history has shown that they always recover and they are stable in the long term. Steady or significant increases in property prices are usually the norm.

Whilst there can be no guarantee that property prices will increase over say, a one year period it is generally accepted that a well maintained property in a reasonable area will appreciate in value.

Interesting Statistics

The following statistics make interesting reading:

50% of individuals mentioned in The Sunday Times Rich List made their money through investing in property.

A property worth just €10,000 some 30 years ago would be worth around half a million Euros at todays prices.

Between 5th October and 6th November 1987 the FTSE share index fell by a massive 32.1%. (Published Bank of England Statistics)

It would not be fair to say that money cannot be made on the Stock Exchange and no one could dispute that. Most people take professional advice before investing in the stock market which is advisable.

Property Investment

The most successful property investors usually research the market and build up a considerable knowledge before they invest. Speculators often make huge profits by predicting changes in the property market and investing for gain, often just at the right time.

Most individuals who invest in property do so based on their own research and experience. The success rate for property investments is usually quite high which is why it is such a popular and sometimes enjoyable choice.

Building up a Portfolio

When a property which has increased in value, or if the loan has diminished, equity can be released from that property. Many buy to let investors have successfully used their borrowing ability to build a property portfolio and many have generated substantial wealth for themselves.

Buying property enables the investor to secure borrowing which can then be used to make further investments in property; this cannot be said of most conventional types of investment.

Rental Income from a property can then be used repay the loan which in time also increases the value of the investment. As property prices increase, so to does the investment and the increased equity can therefore be used to secure more funds and increase investments in property.

Many individuals have also increased their gains by investing in property located in up and coming areas or by making improvements to properties. Property improvement will always enhance property value.

Short or Long Term Property Investment

Whatever type of investor you are, property should always be a good long term investment.

If you are purchasing that place in the sun you can still benefit from the same investment opportunities but perhaps also with the advantage of an increased income from holiday letting.

Buying an off plan property can be a lucrative short term investment because Developers usually sell the opportunities at less than the market value in order to attract investors. The reason for this is that the Developer will benefit commercially by the the Investor funding the development cost.

It is not unusual for Investors to make 20 per cent profit by the time they get the keys. The Investor benefits from the enhanced inflationary value of the property during the construction period because the price is fixed before construction. Some Investors are able to sell the property on before it is even finished.

Opportunities for Investment in the Property market

Prices are probably lower now than they have been in real terms for a couple of years so now is a good time to invest.

We have many bargain properties and off plan property investments on our website, if you need any help deciding on the best opportunities why not contact us for advice.

Whether you are buying a home, buying to let, buying for investment or buying a business, we welcome you to view our selection of properties on our website in the following countries:

Spain, The Canary Islands, – Tenerife, Portugal, The Cape verde Islands, the Caribbean Islands, Brazil, Morocco, Hungary, Poland and Romania.

Click here to visit the Expedia Property Website

 



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