Tips Buying property abroad

Buying property abroad is not as easy as buying clothes at the mall that could be taken immediately, paid, and then taken home. Before buying property abroad, you must understand the rules that apply in the two countries.

Well, the first thing to understand is the rules of property ownership by foreign citizens (foreigners). In Indonesia, foreigners will not get the property when buying property. However, not abroad. "There could be property, but there is also the right to use," said Anton Sitorus, Research Manager of Jones Lang La Salle.

With property rights, of course you will be benefited. Therefore, these products will be yours forever. However, if you only use right pocket, a right that was true a few years.

In Singapore, for example, there could be property, there is also the only use rights. "But the right point in a long time, is 99 years," said maikel Tanuwidjaja, Assistant Marketing Manager Far East, a company the largest private property developer in Singapore.

If you already understand the rules, then it is time buyer chose property projects. Factor to consider is the location. "For those who want to invest, certainly should be able to choose a location that could be profitable in the future," said Anton.

Choose a strategic location, close to transportation access. In addition, close to public facilities, such as hospitals, malls, and educational center. Also make sure that the apartment is not in a flood area. "If the flood area, fitted later sold again, the price falls," said Anton.

Then, consider the legality of factors. However, you do not worry fled the apartment developer mangkrak project or building specifications that are not in accordance with drawings and brochures on billboards. "In Indonesia, probably many cases like this, but never overseas," said maikel.