Did you know that investing surplus money in real estate is considered one of the best ways to invest your savings? The risk of such investments is really low, but a good choice can contribute to the multiplication of funds at a really high level. As real estate market experts confirm, Poles are buying not only flats or houses in their homeland. Foreign real estate is also becoming more and more popular. Check where is it worth buying a flat abroad and find out whether buying real estate outside Poland is problematic.
10 best countries to invest in real estate abroad
Polish society is becoming more and more wealthy, and there has been no less interest in purchasing apartments on global real estate markets, taking into account the coronavirus pandemic, economic crisis or rising inflation. Poles who decide to buy real estate abroad treat such an investment as a kind of capital investment that will certainly pay off.
Today, there is probably no place in the world without Poles. Since Poland’s accession to the European Union, our compatriots have had their doors to the world wide open and their willingness to travel or change their place of residence permanently is clearly visible. If you are also considering changing your location and aiming to permanently move outside our country, get to know the TOP 10 destinations that are not only the most popular among our compatriots. So where is it worth buying a flat abroad?
Here are the countries where investing in an apartment is the most profitable:
- Spain,
- Croatia,
- France,
- Portugal,
- Greece,
- Bulgaria,
- Türkiye,,
- Italy,
- Cyprus,
- Albania.
Also find out what parameters are primarily taken into account by investors who plan to buy real estate abroad.
Investors’ motivations to buy foreign real estate
What determines the decision to choose a specific destination when investing in real estate outside Poland? Primarily:
- investment value. Taking into account rates of return and high profits generated from purchasing a flat abroad,,
- real estate location. Poles are increasingly choosing flats in popular tourist destinations. Thanks to this, the purchase of a foreign investment can be used for profit-making purposes,
- location potential. Foreign investments must be long-term. The investor must be aware that the costs incurred will not be recovered quickly. This is why the so-called location potential, looking, for example, at the development of a given region. Not so long ago, flats in Croatia were not very popular among Poles, and today it is difficult to find holiday real estates for sale on the Adriatic Sea,
- the cost of purchasing a foreign property. Poles buy real estate abroad most often for cash, and they rarely use financial support from banking institutions. Are you wondering where it is profitable to buy a flat abroad? Apartment prices vary. They may depend on the location of the property, square footage or standard. The investor must make his own decision, having an amount of a specific value,
- formalities required to purchase real estate abroad. A good investment in foreign real estate in the European Union can be made quickly and without any problems, and Poles have the same right to purchase apartments as citizens of a given country.
Where are Poles willing to invest in real estate?
Where is it worth buying a flat abroad and what influences the choice of a specific location where it is worth investing in real estate? Nowadays, buying an apartment in Spain or Croatia is not unattainable, but it is always worth taking your own needs into account. Owning your own apartment abroad is a serious decision. Poles buy foreign real estate because they can finally afford it. This is often the result of taking up paid work outside your home country or working remotely, which allows you to live in the most remote corner of the world. Poles also buy foreign real estate for investment purposes.
Where is it worth buying a flat abroad according to Poles?:
- in England and this results from permanent residence in this country,
- in Germany and this results from permanent residence in this country,
- in Croatia, where apartments are still cheaper than in Poland, and an apartment on the azure of Jadran allows you not only to earn money, but also to enjoy a comfortable place to stay during your summer vacation,
- in Spain due to the climate, a large number of sunny days per year and still stable real estate prices,
- in Bulgaria due to investment potential and low real estate prices,
- in Albania due to investment potential and low real estate prices.
Where to look for foreign real estate sales offers?
The most interesting foreign real estate offers can, of course, be found online. Since the purchase of such real estate requires knowledge of the legal provisions applicable in a given country and a number of formalities that must be fulfilled, it is best to use the services of specialized real estate agencies. Such cooperation will also eliminate the risk of a language barrier and will allow you to handle many matters without having to be abroad.
It should be noted that professional foreign real estate agencies also have access to price opportunities and know the apartment market in a given location perfectly. They represent the investor at every stage of the transaction and often undertake price negotiations. Agencies remain at the client’s disposal, ensure the smooth purchase of real estate abroad and provide professional advice. Thanks to this, Poles buy foreign properties that are “tailored” to their needs, expectations and financial possibilities.
FAQ
1. Where is it worth buying a flat abroad?
First of all, consider your own preferences. It all depends on the purpose of purchasing an apartment abroad. If you are counting on an investment for profit purposes, choose real estate in seaside towns, for example in Croatia. You can also buy an attractive property in the country where you started permanent gainful employment.
2. In which country is it profitable to buy real estate?
High real estate prices in Poland make investing in an apartment abroad more profitable. Take into account especially those destinations that have high tourist potential. It is always profitable to buy an apartment in seaside towns that attract crowds of tourists. Also take into account the value of the property, formalities and tax issues. We can buy an attractive property, for example, in Croatia.
3. How to get help when buying property abroad?
Ignorance of the real estate market in a given country and the language barrier may be an effective obstacle to completing the transaction. That is why it is recommended to look for an agency that can mediate in the purchase of an apartment outside Poland. Specialized companies provide support at every stage of the transaction, from the moment of choosing a specific property to the moment of moving.