As options for cash flow become increasingly scarce in the U.S., maybe now’s the time to look further afield?
If you’ve ever dreamed about owning a villa in the sunny Algarve of Portugal or a cottage in Irish farm country, now may be the time, especially since property ownership in many European countries can come with a path to citizenship.
In addition to the investment opportunity, the potential advantages of EU citizenship include simplified EU travel, dramatically less expensive healthcare, free higher education (with some residency requirements), and more.
What to Consider
Wherever you look to invest in Europe, you’ll want to consider the following three inputs—all of which are factored into our recommendations:
Economic and political stability
Government instability is historically bad for business. Countries with relatively stable political and economic foundations will yield more predictable results and help you sleep through the night.
Tax laws and property regulations
Some countries and municipalities will be generally friendlier to international investors than others, while some countries will have higher transfer taxes than others. Additionally, just like in the U.S., some areas have more landlord-friendly rental legislation than others.
Access to a local advisor
In every case, when you’re thinking about purchasing abroad, you will want to do so in partnership with a trusted local real estate attorney who can help you navigate the nuances of the ex-pat purchase process. In addition to an attorney, you may also elect to go through one of the many real estate companies that specifically help non-natives purchase abroad.
The Best European Real Estate Markets For U.S. Investors
1. Portugal
How: There are no major restrictions currently for international investors.
Where: The Algarve (southwestern Portugal) is an incredible tourist destination dotted with breathtaking beaches and golf resorts. Although this is…