Author Topic: Offshore property investment?  (Read 712 times)

adupreez

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Offshore property investment?
« on: December 29, 2017, 06:32:48 pm »
Hi all, been following the forum for a while but this is my first post.  Does anyone have any experience with direct investment in offshore property?   Would like to know what your experience has been like, returns, dealing with tenants, getting offshore mortgage etc.

Thanks!

jonb

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Re: Offshore property investment?
« Reply #1 on: December 31, 2017, 11:09:38 am »
I have had experience with property in The Netherlands

Cant help with the mortgage side as I was living there at the time and got funding from my bank as a resident

However depending where you looking, advisable to see if any restriction or penalty on foreigner purchasing buy to let (the Netherlands wasn't so keen on this although a bit of a grey area ) we used a short-term/Airbnb management service which was a bit easier however at 18% management fee and again very much grey area of Dutch law, some flags raised here.

In my experience tenants have not been so straightforward. Unless you have someone on that side ( Friend, family, agent ) it's near impossible to manage from this side.

Also, have a handyman ready. There are always things needing attention when tenants are in play and this is an extra cost

I ended up exiting as it took a lot of time and energy. Hard also to be close to the politics and economics of another country with regard to rates and general property stability so a little risk there when it comes to market conditions.

For me, I just prefer to take all that energy and resource and invest in an offshore vehicle ( could be a global property ETF ) which gives you similar exposure without ALL the stress

Totally depends on what you need out of this, could be more than just investments so not sure!

Orca

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Re: Offshore property investment?
« Reply #2 on: January 05, 2018, 06:12:02 pm »
Rental property in Europe has been flat for the past 10 years. I am into my 4'th year of renting and was wondering why my landlord has not yet increased the rent until I read about this stagnation.
I started here with nothing and still have most of it left.