Hi,
1) I understand where you are coming from. It is because the stamp duty here is hefty and you think it is not worthwhile to invest here.
2) There are lots of overseas property on sale from various agencies.
3) However, it is important that you understand the policies of each country, their development, areas, population, etc.
4) There are multiple factors that you have to understand, consider and weigh risk factors before you could make a decision.
5) Most of the agents are more well-versed with the local property rather than overseas.
6) For example, a lot of people I have talked to favor Thailand property because most of those on sale are located in the city area and sound damn cheap; USD$200k can get a decent size condo, and it is near to Singapore.
7) After much research, I have come to understand that the local Thai won't buy any of these condos because most of them buy landed property rather than a high rise because the price is about the same.
8) Another factor in Thailand's condo is the foreigner can only own 49% of the whole condominium, 51% must be owned by locals. Since locals won't buy, it means that 49% of the buyer have to pay for this 100% condo, which also means you can only sell to foreigners.
9) Unless you are buying holiday accommodation then it's alright to consider since money is not an issue.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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