How to buy a house overseas? What issues need to be considered?

What issues need to be considered when buying a house overseas? We should consider how much overseas houses cost, or where overseas houses are better? In fact, there are four questions you need to consider, so let Bian Xiao tell you.

First, buy or not buy?

"Buy or not buy" is a difficult problem for many people, because many people will encounter such a situation. They have a crush on a house but have no money to buy it, and the houses they can afford are always unsatisfactory and can only be constantly entangled. In fact, buying a house overseas needs to put aside personal preferences and judge whether the house is worth buying by analyzing internationally accepted real estate investment data and indicators.

Rent-to-sale ratio, income-to-house ratio, unemployment rate, vacancy rate and rental return rate are all key issues to be considered. In addition, it is necessary to divide the purchase area of the target city, among which the most critical issues are population composition, the ratio of lease to self-occupation, the price level of second-hand housing and the bank's evaluation of the real estate in this area.

Second, how to buy it?

In foreign countries, we can't judge the trend of the real estate market simply by looking at the rental return rate, but also refer to the inflation rate, bank deposit interest rate and mortgage interest rate. For example, the rental rate of real estate in a certain area is 7%, the inflation rate is 2%, the bank deposit rate is 4%, and the loan rate is 6%. According to this data, it can be judged that under the economic situation of low inflation, the rental income is higher than the deposit interest rate, which will prompt more people to give up their deposits and use the lower interest rate of banks to invest in real estate, thus increasing market demand and pushing up real estate prices.

Therefore, if you buy a house for investment and don't want it to depreciate in the near future, you'd better make a comprehensive comparison from inflation rate, bank deposit interest rate and mortgage interest rate before deciding how to buy a house. For areas with uncertain prospects, don't buy easily even if the price is favorable.

Third, what to buy?

When buying a house overseas, don't ignore the value of the land. Buying a house in China has only 70 years of property rights, while foreign countries have more permanent property rights. To invest in real estate overseas, it is necessary to fully evaluate the land value, not only by the location, but also by the ratio of land value to building value.

For example, buying a house in Melbourne is also 500 thousand Australian dollars. One option is an apartment and the other is a single-family villa. Buying an apartment requires a stamp duty of 5,000 Australian dollars, so it is estimated that the land value is 6,543,800 Australian dollars, the building value is 400,000 Australian dollars, and buying a villa requires a stamp duty of 6,543,800 Australian dollars, so the land value is 270,000 Australian dollars and the building value is 230,000 Australian dollars. According to the comparison principle of land value and building value, it can be judged that the villa with higher land value is more suitable for purchase.

Fourth, where can I buy it?

Whether it is self-occupation or investment, we must first make clear the purchase area and surrounding residents of the target city. Generally speaking, locals or whites are preferred, and immigrants from China can also be chosen. Because it is more convenient to buy a house in an area where local people live more, house prices will rise steadily in the future. The key is that when cashing out, the undertaker and the bank will objectively evaluate its value.

These are the four questions that Bian Xiao sorted out for you to consider when buying a house overseas. I hope I can help you.

(The above answers were published on 20 15- 10-26. Please refer to the current actual purchase policy. )

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