Property Investments Abroad
Four of the biggest areas of concern for purchasing investment property abroad include unexpected costs, geographic distance from the property, local market issues, and taxes.
Unexpected costs: Purchasing property, both for personal and investment use, always comes with extra, unexpected costs. These include renovation costs and replacing or fixing parts. Property investors also sometimes must deal with expelling unlawful residents.
Geographic distance: Property investors sometimes find it difficult when they can’t check up on their assets due to physical distance to the property.
Local market issues: The real estate markets outside of Israel are very different from the market within Israel. It’s important to properly understand these differences before making a foreign property purchase.
Taxes: There are complex tax implications to investing in foreign real estate markets. We have vast experience navigating these challenges through proper tax planning before completing a property purchase, thereby ensuring the greatest monetary gain.