Buying a house abroad is a long-term investment :
Studies show that more than 25% of investors in the world choose residential houses as an investment object. This market segment is characterized by the absence of risks and potentially high returns. In this article, we will analyze how Azerbaijanis can properly invest in real estate abroad and what steps should be taken for this.
Benefits of investing in property abroad:
- Long term earning potential. When renting out an apartment, an investor not only gets a permanent profit, but also opens a long-term business.
- Avoiding problems when concluding contracts and renting them. Property acquisition is a transparent and regulated process. Therefore, the investor will not have any problems with the execution of the transaction.
- Lower entry threshold. Most investment projects require a large budget. As for foreign real estate, $100,000 is sufficient.
- High level of liquidity. Real estate is considered a liquid asset. It can always be sold, exchanged or inherited.
- A wide variety of objects for investment. Azerbaijani investors have access to a wide range of properties for investment - from one-room studio apartments to country houses.
What to do before buying property abroad?
- Check the status of the object carefully. Make sure the property has not been seized by the court or foreclosed by the previous owner.
- Sign a preliminary contract with the seller - this document confirms that the seller has the right to sell the property and that you are ready to buy it.
- Prepare a package of required documents - a specialist of a real estate company or a notary will inform you about which documents are needed.
- Sign the contract – after signing it, you will be the full owner of the house or apartment.
- Pay the value of the property – this can be done before or after signing the purchase agreement.
- Pay for notary services.
