Friday, January 10, 2014

How To Invest In Real Estate Property Outside Your Homeland

These days the trend of buying holiday homes has really hit people. More and more people are following this rising trend and purchasing lavish homes all over the world. These homes are used just for a couple of months and lie closed and empty for rest of the year. A trend started by the rich and famous has caught up with most of the world we can say with full certainty.

Let us take the example of Turkey in Europe. it is a beautiful destination to visit for a vacation. It still has that old world charm to it. Lots of people are visiting here each year for holidays. And now there has been a new rule in the Turkish government that foreigners and non residents of the city are allowed to invest and buy real estate property in the city. This rule has led to an increment in sales of property here in the country of Turkey. People from far and nearby places are choosing to invest here since not much paper work and legal work are involved here in acquiring real estate property. You have the freedom to buy or invest in 60 hectares of land.

The other reason why the world is choosing to buy land here in Turkey is that prices are very cheap in comparison to other countries. Europe does not rank very high when it comes to real estate thus it is a good option for those people who are not looking forward to spend too much of money on a house. The economy here is rapidly growing and evolving and this reason also why people are choosing to settle here. In the year 2011 the economy grew by almost 8.5%. And has now become part of the top 3 economies in the entire world.

And it is further reported that in the coming few years there will be more changes in the economy and it is going to certainly grow more and more. These days buying a property in a foreign land is no longer a difficult process. The first step towards this is finding the home that you always wanted to buy. You could use the internet to find beautiful homes and then you can pay a little token amount as booking money. Make sure that you have all the necessary paper work and deification that are needed to complete the entire process of buying the house. you could take help from a real estate agent who could make the entire process fairly simple for you and save you a great deal of time at hand.

The most essential procedure is registering your purchase at the city where you have bought the real estate property. You need to visit a land office and from there to the registrar's office. Here you get a deed which is transferred in your name. After this you pay property tax and the remainder amount of the house.