The reporter exposed buying a house overseas to avoid the trap of four pits.

With the tightening of property market regulation policies in several cities in China, overseas property has once again become the focus of attention of China buyers. However, buying overseas real estate is not an easy task. There are all kinds of "pits" hidden in the process, and not every China buyer can pass the customs smoothly. By interviewing a number of industry experts, the reporter exposed four traps of buying a house overseas.

1, buy a house to send immigrants

Among overseas buyers, many China buyers are driven by the demand of immigrants, and they want to buy foreign real estate as a stepping stone to obtain foreign immigration permission. It is precisely because of this buying psychology of China buyers that some overseas real estate agents promote overseas real estate under the banner of "buying a house to send immigrants".

Wei Kefei, deputy secretary-general of the Beijing Housing Exhibition Organizing Committee, told the Beijing Morning Post reporter, "In foreign countries, some countries regard real estate as an investment and development project, which is generally not linked to immigration. For example, buying a property in the United States, Britain or Australia does not mean that you can apply for immigration. "

"Unlike developed countries such as the United States and Britain, some countries in southern Europe have introduced immigration policies to attract overseas investment in order to alleviate the economic downturn. For example, if you buy a 500,000 euro property in Portugal or Spain, you can apply for family immigration. Buying a property of 250,000 euros in Greece can handle family immigration. " Wei Kefei said.

Wei Kefei reminded, "When buying overseas real estate for immigration, China buyers should first understand the local immigration policies abroad, and don't blindly listen to the propaganda words of overseas real estate agents' buying houses to send immigrants'. Even if some countries allow foreigners to buy houses and immigrate, there are certain requirements for the threshold of buying houses. China buyers should not mistakenly believe in the false prices of a few overseas real estate agents, which will lead to the failure to reach the threshold when purchasing real estate, and ultimately they will not be able to apply for immigration. "

2. sell the property at a higher price.

"Many China customers think that overseas properties look very cheap. For example, the starting price of a foreign villa is only two or three million, but in fact this price is already more expensive than the local price abroad 10% to 20%. " I love my family. Wu Hongbin, general manager of the overseas business department, said that due to the information asymmetry in the overseas real estate market, China buyers could not fully understand the prices of overseas real estate. This gives some informal overseas real estate agents or small foreign developers an opportunity to raise prices and sell their properties to China buyers.

Wu Hongbin analyzed the reasons why informal overseas real estate agents and small foreign developers sell overseas real estate at higher prices. "On the one hand, when foreign small developers sell overseas properties to China customers through overseas real estate agents, they often have to pay the corresponding fees to the intermediary agencies, which are passed on to the house prices and paid by China customers. On the other hand, a few informal overseas real estate agents will also sell overseas properties to China customers at higher prices in order to seek more benefits. "

Wu Hongbin said that in the process of buying a house overseas, China customers should pay attention to verifying the prices of overseas properties. In general, the prices of overseas properties of China buyers can be in the following ways. First, overseas properties built by big brand developers will announce their prices in official website; Second, overseas real estate prices are disclosed on public information websites in some countries or regions; Third, the price of overseas real estate is published on the websites of some national government agencies; Fourth, domestic customers can go abroad to look at the house on the spot, hire foreign local agents, and check whether the overseas real estate prices are in line with the foreign local market prices.

3. Unclear property rights

Like buying a house in China, China buyers should also pay attention to verifying the real situation of housing property rights when buying a house abroad. Due to unclear property rights, China buyers may suffer losses. Wu Hongbin said, "In foreign countries, the property rights of some second-hand houses are unclear. For example, the property right of overseas real estate is shared by husband and wife, and the wife sells the house to a domestic buyer without the husband's knowledge. After a period of time, when the husband finds that his rights and interests have been infringed, he can file a lawsuit. China buyers will be in trouble. "

"In addition, buying a new house abroad is also risky." Wu Hongbin said that some overseas properties developed and built by foreign developers were sold to China buyers without the approval of the local government. Once such property is not approved by the local government for a long time, it will be difficult for China buyers to obtain legal property rights.

4. False Charter Commitment

When buying overseas properties, China buyers are likely to encounter the problem of false lease commitments. 2 1 Century Real Estate China Investor Club Director Liu Chao said, "In overseas real estate sales promotion, there are often chartering commitments, but not every chartering commitment can be fully fulfilled. For example, after some overseas properties are sold to China buyers, they are rented out in the first year and cannot be rented out in the second year. Foreign developers or agents can't pay rent to China buyers according to previous lease commitments. When buyers from China flew abroad to look at the house, they found that the overseas property had become dilapidated after a year of renting. Therefore, China buyers should pay attention to retaining evidence related to the charter commitment in order to better protect their rights when problems arise. " Beijing Morning Post reporter Wu Xin

-Suggestions for buying a house

Hire professionals to check the gate.

China consumers are not familiar with the overseas real estate market. Faced with different countries, different languages, different legal systems and different market rules, it is difficult for China buyers to understand clearly. Therefore, in the process of overseas real estate transactions, China buyers need to hire professionals in different fields to check.

2 1 Century Real Estate China Investor Club Director Liu Chao told the Beijing Morning Post reporter that "overseas real estate transactions are complex, and China buyers should hire professional lawyers, full-time translators, regular overseas real estate agents and other professionals to provide professional services. In fact, China buyers sign contracts with foreign developers in foreign languages. It is difficult for China buyers to understand the meaning of each clause in the contract, so they need full-time translators to translate and professional lawyers to check the contract content. "

"Regular overseas real estate agents can help China buyers verify whether the price of overseas real estate is reasonable and whether the property rights of overseas real estate are clear." Liu Chao said.

(The above answers were published on 20 17-04- 14. Please refer to the current actual purchase policy. )

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