Buying a real estate property abroad: Our advice

Buying a real estate property abroad: Our advice

People who travel often have more than once felt the temptation to buy a property abroad. Sometimes, the price of a real estate abroad may seem very attractive due to the exchange rate. Tourists can also fall in love with a lovely destination, which can lead to an interest in the purchase of a property abroad, as a means to spend more time there. Others could still be interested in the investment of a property under-assessed overseas, waiting till it will greatly appreciate with time. Whatever your motivation to buy a property abroad, the following tips can help you have a better positive experience.

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The online sale is your friend

The websites about real estates may generally show you incredible houses, the offers are always up to date with a lot of photos. When you find something that you love, conduct a more thorough search and make an analysis of the neighbourhood. You can find the home of your dreams without even having to leave your office.

Make sure you pay the right price, and that you buy at the good place

Although the prices of the global properties evolve, the real estate markets are different in each country. Even if the values of the properties are on the increase in your country, this does not mean that they are also on the increase in other countries. Even if the country in which you are interested allows foreigners to buy a home, you may be required to obtain a special residence permit before being able to purchase a house. In Mauritius, you can acquire a permanent residence permit by investing simply in a property of more than USD 500 000.

Get professional help

You can be attracted by the Real Estate offers in particular because there are less paperwork. Nevertheless, the purchase by a professional real estate agent or a real estate developer can provide useful indications. This can help you avoid many traps during the purchase of foreign property. These professionals will ensure that you are well informed on the details of the purchase. In addition, they will make an effort to complete the transaction and to ensure your satisfaction.

For more information on the various investment opportunities in the residential real estate sector in Mauritius, contact Diamond Estates who will guide you in your project implementation.