What to Look for When Comparing Properties Across Countries

Comparing properties in the same city is straightforward enough. Comparing properties across different countries, different legal systems, different currencies, and different market conditions requires a slightly different approach.

Here's what experienced international buyers pay attention to when comparing across borders.

Price per square metre, not just total price

The headline price of a property can be misleading without context. Convert to price per square metre and compare against typical rates in that market. A property that looks expensive might be excellent value per square metre in a city with high demand. One that looks cheap might be priced low because the building or location has a specific issue.

Ownership structure

In some countries, foreigners can buy freehold property outright. In others, ownership is leasehold, meaning you own the right to use the property for a set period, not the property itself. In some markets, certain zones or property types are restricted from foreign ownership entirely. This isn't a reason to avoid a market, but it's essential context for comparison.

Total cost of ownership

The purchase price is one number. The total cost of ownership is another. Factor in: property transfer taxes and stamp duties, legal fees, ongoing maintenance fees for apartments or developments, property management costs if you won't be living there, and local property taxes where applicable.

A property that looks cheaper in one country might cost more over five years when these are factored in.

Market trajectory

Is the market you're looking at appreciating, stable, or declining? What's driving demand in that location? Are there infrastructure projects, economic factors, or demographic trends that make the market more or less attractive over the medium term?

Currency risk

If your income is in one currency and the property is in another, you're exposed to exchange rate movements. This affects both your purchase cost and your future resale value.

Use the right support

House48's Financial Partners and Concierge are there for exactly this kind of comparative analysis. Use them.

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