Buying a house by the sea in a warm country is a picture that almost everyone has imagined.
Meanwhile, buying real estate abroad can become not just a pleasant fantasy, but a means of achieving specific goals, such as:
- Immigration. You can move permanently or for the duration of work or study. You can also buy real estate for your family, come to a foreign home on vacation or leave it as a “backup airfield” for all occasions;
- Obtaining a residence permit/citizenship. Not necessarily for immigration purposes – citizenship of some countries can give the right to visa-free entry to most countries in the world.
- Getting passive income. Investing in real estate can bring money, because a house or apartment can be rented out. In addition to residential real estate, you can also buy commercial real estate, which will bring passive income;
- Getting income from resale. The purchased real estate can be sold at a higher price if it increases in price, or if you restore it.
- Saving money. In some cases, investing in real estate can help protect money from inflation.