Guide to Buying Property Abroad

investing

There are many reasons people have an interest in investing abroad. Investors are usually keen on investing abroad whenever the opportunity beckons. However, there is another reason people choose to invest in other countries; when planning to relocate. Whether you are planning to relocate for any reason or diversify your investment portfolio, the process of investing is similar.

beach houseBuying property abroad requires a substantial investment. Therefore, it is imperative to pay attention to the dynamics in the real estate markets before deciding where to invest. If you are planning to relocate for career reasons, perhaps you might consider starting by answering the question, can you get a job overseas? If yes, here are some tips that could help you invest in the process.

Identify Where to Invest

What type of property do you want to buy? It is imperative to have a clear goal when looking for investment properties. If you are looking for residential property, for instance, limit your search to such properties. On the other hand, if you want to invest in commercial properties such as office buildings, storage performances, or warehouses, ensure you have your parameters to guide your focus.

Analyze Real Estate Trends

Anyone investing in real estate should understand that no two real estate markets are similar. Therefore, ensure you study how property prices have fluctuated over time. Part of your analysis should also involve looking at the factors affecting property market prices. Different places have localized factors that influence property markets differently.

Pay Attention to Real Estate Forecasts

Most real estate investors, especially those with years of experience, might tell the direction of the market by looking at the past. If you can also tell, it also does not hurt if you look at the forecasts. Real estate forecasts are usually informed by economic and political factors, some of which might be easy to overlook.

Look at the Laws

new house You can invest in almost every country today. However, this does not mean that you go buying property in every country. It makes sense that you check local laws on the ability to own property, considering that the policies for real estate investments vary from country to country. For instance, you might be allowed to invest but not to live in the country.

Deciding where to invest is a personal decision. This means that you should start by defining what you want. In addition, you should be alive to any factors that could have an impact on your investment.

Medellin-The Unsung Paradise of Colombia Real Estate

real estate in colombia

It is everyone’s dream to live in a place with almost perfect weather. That beautiful feeling of peeking out the window as the sun begins to rise, lush green mountains, birds singing at your window. If you think this can only be lived in a movie, you have not yet been to Medellin, Colombia.

With its crime stigma days long gone, Medellin is now considered one of the leading up and coming cities in the entire South America region, boasting of what could be one of the best views in the nation for those who are lucky enough to own a piece of the local Medellin, Colombia real estate.

Relocating here is easy, the locals are extremely friendly and have taken a liking for Americans; nowadays you can easily find many Colombians that speak English as Medellin is rapidly becoming a call center hub for companies such as Hewlett Packard and others who are drawn in by the growing technological infrastructure and an ever increasing English speaking population.

Affordability

Colombia real estate is also very affordable to those coming here for business or pleasure. There is an abundance of good properties waiting to be taken, pristine land near flowing creeks filled with trees that give the city a natural look that many other cities around the world lack. In Medellin not only can you find your pick when it comes to beautiful homes and condos but also a growing list of international restaurants, airlines, and shopping centers.

low cost of living

Low Cost of Living

This is not only affordable in the real estate sector but also when it comes to the cost of living. This is especially true when compared to equally sized and equally developed metropolitan cities throughout the world. Medellin is continuously attracting new tourists, visitors, and businesspeople, and offers wide selection short and long term apartment rentals for them. Whether you wish to spend a week or a month, these accommodations can give you more space, privacy, and an excellent home base in comparison to hotels.

Access to Great Health Care Facilities

Medellin also boasts some of the best health care services provided in South America. Some of the best known plastic surgeons practice their craft in the city; dental work is almost less than half the price people pay for dental work in the USA. Facial, heart and other organ transplants are also performed in city hospitals, making it an ideal place for retirees to relocate.

good location

Great Shopping Centers

Medellin also features some of the best shopping malls of the country, the last and not the least beautiful Santa Fe mall in the Poblado section of the city where you can find such stores as Carrefour, Falabella, Cine Colombia for movie buffs and Diversity for young children.

Medellin is a great residential community for people of all ages with activities that will keep you busy, the theater, musical events, book fairs, great theme parks such as Parque Explora or Parque Norte. Great natural parks such as The Botanical Gardens and more, make Medellin, Colombia a great place to relocate to first for everything it has to offer and second for the value of its real estate.…