How to buy a house overseas and matters needing attention

How to buy a house overseas? Another difference between buying a house overseas and buying a house at home is that you have to learn to manage the property after buying a house, which is a very complicated job. In addition to paying water and electricity bills on time, repaying mortgage loans on time. The owner is also responsible for the sanitation around the residence and the flowers and trees in the garden. If you don't do well, you will be warned or even fined by the municipal department.

It is through these measures that the municipal government ensures the overall natural environment and the quality of life of residents. The United States also has intermediary service agencies specializing in real estate.

Precautions for buying a house overseas:

Four risks: political risk, policy risk, exchange rate and information asymmetry.

Lawyers reminded that some intermediary companies like to exaggerate, and investors must make self-risk estimates. Risks to be considered include political factors, policy taxation, exchange rate fluctuations, information asymmetry, etc. For example, the first step in choosing a country or region focuses on the stability of the country's policies and whether there is anti-China sentiment. The purchasing policies of all countries are constantly changing. Therefore, it is necessary to understand the policies of the local housing market and the relationship between supply and demand. This part of the work should be done by yourself, and should neither be handed over to the intermediary. In addition, the purchase process in different countries is very different, and some places will make special requirements for overseas buyers. For example, Australia stipulates that non-residents are not allowed to buy second-hand houses, and the proportion of domestic residents buying newly-opened properties must reach 50% before foreigners are allowed to buy houses; In Southeast Asian countries such as Thailand, overseas investors are not allowed to own land, that is, they cannot buy villas, but only apartment buildings. Singapore does not allow overseas investors to buy local ancestral houses and villas. All these need to be understood and thought clearly before entering the formal purchase procedure and hiring local brokers and lawyers.

After selecting the regions and regions with purchasing intentions, we began to look for intermediaries. Generally, there will be an intermediary company specializing in this area in a certain area. They are familiar with the laws, customs and markets of this country, have more trading experience, and some are even first-class agents of some real estate projects, which have great advantages in this respect. For example, Dubai China City Real Estate Trading Center has become the spokesperson of UAE real estate in China.

Like buying a house in China, the fluctuation of the property market where the project is located is also a potential risk factor, and it is difficult to judge the rise and fall. It is not enough to just look at the absolute price of real estate. At present, countries with low housing prices, rapid economic development or clear recovery prospects and obvious rising trend of housing prices should be the first choice.

Compared with domestic housing purchase, exchange rate fluctuation has also become a major variable. The appreciation or depreciation of RMB against the country's currency will affect the value of real estate. For example, a 30% decline in the Australian dollar exchange rate is equivalent to the same house. Even if the house price did not fall, the price was 30% off before the exchange rate fell.

Influenced by the practice of buying a house and sending an account in China, some people have a misunderstanding about buying a house abroad, thinking that buying a house can get local citizenship. Real estate is only an investment and development project, and it is generally not linked to immigration. But real estate, as a part of total assets, is helpful to those who want to get a permanent residence visa. For example, the real estate management in the United States is separated from the immigration mechanism. Foreigners can invest in buying a house in the United States, but they cannot be naturalized. Hengrui International Consulting Co., Ltd. is a company specializing in immigration. Jin Jie, their US-Canada immigration consultant, said, "American investment immigrants need at least $500,000 to invest in a specific project, which is chosen by the US government. The situation varies from state to state. Take California for example. Those who apply for investment immigration need to invest at least $6.5438+0 million and hire 3-5 local citizens to work. Moreover, green card investment immigrants also need real capital exchanges and trade volume every year to meet the basic conditions. "