4 Tips to Successfully Renting or Buying a Home Abroad:
If you’re moving overseas, it’s important to make your new house feel like a home. However, finding the right property as a foreigner isn’t easy. The debate over renting or buying is even more intense in an area where you’re unfamiliar with your surroundings. Here are four tips when buying or renting a home in a foreign country: 1. Understand the local statutes If you’re thinking about buying a home, make sure you understand any rules regarding purchases by noncitizens. In some cases, there are tax advantages to owning foreign property. Some countries restrict foreign ownership entirely. Other countries may charge foreigners higher prices or demand that buyers pay cash. There can also be resale restrictions—controls to prevent foreign sellers from taking the proceeds out of the country at the end of an international assignment. Country-specific information is available from the International Consortiu...