Whether for investment or self occupation, many rich people like to buy houses in foreign countries, but buying houses in foreign countries is not an easy thing. Each country has its own system, so each country also has its own house purchase policy. What are the risks of buying a house in a foreign country? What should we pay attention to when buying a house in a foreign country?
What are the risks of buying a house in a foreign country
1. Policy risk
Although each country has a slightly different attitude towards overseas real estate, some countries with small market volume are more vulnerable to the influx of a large number of overseas funds, and policies may be introduced, but most countries do not have unlimited policies.
2. Exchange rate risk
With the differences in economic levels and market environment among countries, the exchange rate fluctuations between currencies are obvious. The continuous rise of the U.S. currency over the past year illustrates this problem. However, it is easy to avoid the risk of exchange rate. Firstly, the probability of large changes in exchange rate in the short term is very small, which is a gradual process. Secondly, choosing countries with long-term strong and long-term stability to buy houses can be a good hedge.
3. Cultural background risk
In fact, the living habits and behavior styles of foreigners are quite different from those of China. For example, in Russia, people prefer to drink vodka with black bread, which is inevitable for us who eat rice noodles for a long time. Moreover, if you move abroad, the language environment is not good, on the one hand, the working background should also be changed. All the contacts may not help you in the future. You need to spend a long time looking for relationships again.
4. Legal risk
The legal risk is relatively simple. The legal system of major overseas developed countries is relatively sound, and the market development time is also very long. A very perfect risk avoidance system has been formed in the whole house purchase process. As long as it is operated according to the standard process, the legal risk is very small.
What should we pay attention to when buying a house in a foreign country
1. Grasp the needs and clarify the key points of investigation
If you choose to buy a house abroad for your children's study, you should pay attention to the quality of education and school ranking. If you want to invest, you can consider the surrounding employment environment and traffic conditions.
2. House selection is a technical job
Undoubtedly, choosing a house has become the top priority of buying a house. Supporting facilities and living environment should be taken into account. The house selection skills are common in China. The station is also very important. How far away from the station directly determines whether your life will be convenient in the future. Generally, I can accept the walking distance within 10 minutes.
3. The choice of intermediary should be cautious
After choosing the house, we will start to choose the intermediary we trust. Many Chinese buyers will have a habit of one room and two trusts. Just like buying air tickets, after selecting a house, entrust it to two intermediaries in order to get a low price. Indeed, the house is the same. When you cut off between multiple intermediaries, there will be competition between intermediaries to give you your ideal price.
4. Collect consultation and obtain useful information in an all-round way
After clarifying the needs, you can do research. You can increase your understanding of foreign house purchase through many online information resources, the experience of friends around you, or wechat on the official website.