Every country handles foreign ownership differently. In some countries, foreigners can own land outright, while in others, you’re limited to leasehold rights or need a local partner.
Portugal, Spain, Georgia: Foreigners can buy freehold property with the same rights as locals.
Thailand: Foreigners can own condos but not land directly.
Indonesia: You can hold property on a leasehold basis (typically 30–80 years), not freehold.
Mexico: Properties within 50 km of the coastline or borders require a fideicomiso (bank trust).
Before falling in love with a property, consult a local legal expert to confirm ownership rights, transfer rules, and whether your name can go on the title deed.
Buying real estate abroad without proper legal support is risky. Local regulations, zoning rules, and even scams can trip up unsuspecting investors.
Is the seller the legal owner?
Are there any liens, mortgages, or disputes?
Is the land zoned for residential use?
Are all permits and construction documents in order?
Hire an independent real estate lawyer (not one affiliated with the seller or developer) who speaks your language and is licensed locally.
Foreign property ownership comes with tax responsibilities in both the host country and possibly your home country.
Purchase taxes: Ranges from 0% (Georgia) to 10%+ (Spain, France).
Ongoing taxes: Property tax, rental income tax, capital gains.
Exit taxes: Some countries charge tax on the profit when you sell.
Double taxation: You may owe taxes at home unless a tax treaty exists.
Pro tip: Work with a cross-border tax consultant to make sure you're compliant and optimizing deductions in both countries.
Real estate can often unlock residency, long-term visas, or even citizenship — but rules vary widely.
Portugal, Spain, Greece: Golden Visa programs allow residency through property investment, though some are being revised or restricted to commercial zones.
UAE: Property investment over $204K grants long-term visas.
Türkiye: $400K in real estate qualifies for citizenship.
Don’t assume all property purchases grant legal residence. Research visa options beforehand or work with an immigration attorney.
Can foreigners get mortgages abroad? Yes, but it depends on the country.
Local mortgages: Available in Portugal, Spain, Thailand, UAE. Usually 50–70% LTV.
Home equity loans: Borrow from your domestic property to buy abroad.
Developer financing: Common in off-plan projects in Türkiye, Bali, and Dubai.
Key Tips:
Foreign mortgages may require large down payments.
You may need proof of income, tax filings, and a local bank account.
Interest rates for non-residents are often higher.
Make sure to compare local and international options to avoid high costs.
Buying property in a country with a different currency adds a layer of complexity — and risk.
Lock in rates using a forward contract or FX hedge.
Keep funds in USD or EUR if possible in volatile markets.
Consider stable-currency countries if you want predictable ROI.
For example, Türkiye and Colombia have seen major currency devaluation, which may offer cheaper property but also pose risk if you plan to resell or repatriate income.
Unless you plan to live in the property full-time, you’ll need a reliable local property manager.
Rent collection and tenant vetting
Repairs and regular maintenance
Utility payments and legal compliance
Cleaning and turnovers for short-term rentals
This is especially crucial if you invest in Airbnb-style rentals in Bali, Dubai, or Portugal. Remote ownership doesn’t work without solid local support.
Don’t buy just because a place looks beautiful. Study the supply/demand trends, rental yields, and economic growth.
Is this a seasonal market or year-round?
Is tourism rising or declining?
What’s the expected appreciation over 5–10 years?
Are there restrictions on short-term rentals?
Platforms like Numbeo, GlobalPropertyGuide, and local property portals can give you a good snapshot of the market.
International real estate purchases often come with extra charges you wouldn’t expect.
Notary, registration, and legal fees
Maintenance fees in condos or gated communities
Foreign buyer surcharges (e.g., in Canada or Australia)
Translation and certification costs
Annual community taxes (sometimes billed unexpectedly)
Get a full “all-in” cost estimate before committing to a deal, including closing costs, taxes, and management fees.
Off-plan properties can offer lower prices and great upside — but come with risk.
Only buying from reputable, well-reviewed developers.
Reviewing delivery timelines and penalties for delays.
Visiting the site or assigning an inspector.
Using escrow services to protect deposits.
Make sure you understand the completion and payment schedule, and confirm the developer is licensed and insured.
Every country has different business customs, negotiation styles, and expectations. Misunderstandings can arise quickly if you're not prepared.
In Bali, many properties involve traditional land-sharing arrangements with locals.
In Spain or Italy, closing timelines can take much longer than in the U.S. or UK.
In Thailand, smiling doesn’t always mean yes — and direct confrontation is frowned upon.
Patience, respect, and good local partners go a long way.
Buying real estate in a foreign country is a bold move that can bring big rewards. But it's not a vacation — it’s an investment. The key to success lies in preparation:
Do your research
Hire professionals
Understand your financial exposure
Always work within the legal framework of the country
With the right team and careful planning, you can turn your dream of owning property abroad into a profitable, secure, and life-enriching reality.
