When considering how to invest your money, there is a strong temptation to look into overseas property.
The pound is strong, and goes a long way in countries where the economic circumstances may not be as stable as the UK, with experts predicting better capital growth and higher rental yields in foreign countries.
Perhaps the lure of your own private holiday home while it is not being let out makes this an opportunity you simply can’t pass up – along with 35% of us who dream of owning property abroad.
Whilst considering overseas investment, it’s important to consider the long-term implications.
Buying property in more established markets, as opposed to recently crashed or falling housing markets minimises risks and leaves you secure in the knowledge that your property will always be in a desirable location.
Hotspots such as Dubai, Thailand and Abu Dhabi provides a safe long-term investment and offer mortgage deals should you need one.
Consideration to your target tenants is always vital, whether they be permanent residents or holidaymakers.
Local amenities such as shops, pools, beaches, attractions and proximity to the airport are all factors to consider which may boost the desirability of your home.
Researching the local area in order to find out which areas are popular with the locals, as those reasons are likely to be similar for the occupant of your property, regardless of purpose.
Putting the time in, investigating local areas and experiencing different communities, albeit time-consuming, can make your investment more reliable and excuses you for several weeks of holidays at the same time.
Overseas investment can be fun, and you can reap the benefits as it doubles as a personal retreat or holiday getaway. The house can turn into a special place for you and your family, while at the same time generating rental returns and safeguarding your net worth.
Although investing in the overseas market seems exciting and glamorous there are common pitfalls that must be negotiated first including local laws, languages, taxes and cultures.
Here at HE Global Investments we can simplify this process offering guidance and help every step of the way. We can introduce you to the variety of locations and property types available that will offer the most profit margins with the least risks, making sure your investment goes further.
For more information call on 0207 096 0125 or email email@example.com.