Nowadays, with the development of economic globalization, the investment focus of Chinese citizens is no longer limited to the 9.6 million square kilometers of the motherland. More and more investors have turned their attention to overseas markets in search of more investment opportunities. Among them, overseas properties in European countries such as Turkey, Greece, Cyprus, Portugal, and Spain are particularly favored by domestic investors. Purchasing property not only allows one to acquire overseas real estate but also to obtain overseas status, which can be described as one investment with multiple returns!
As the saying goes, "Where there is investment, there are certain risks." So, what are the risks for domestic investors when buying property in these overseas countries? How can these risks be avoided? Let's find out with WorldWay.
1. Risks of Off-plan Properties
New properties are generally divided into off-plan and ready-to-move-in properties. Ready-to-move-in properties refer to homes that can be renovated and occupied immediately upon purchase; off-plan properties refer to homes that are under construction, not yet completed, and cannot be delivered for use for the time being.
In recent years, with the recovery of the European economy, the real estate markets in European countries such as Turkey, Greece, Cyprus, and Portugal have been particularly hot. For investors, being able to buy high-quality, ready-to-move-in properties is an excellent choice. For example, the Garden Apartments in the core area of Istanbul and the Edim Mansion currently appearing in the Turkish real estate market are both high-quality, ready-to-move-in properties.
However, in reality, high-quality, ready-to-move-in properties like the Garden Apartments in the core area of Istanbul and the Edim Mansion are hard to come by, and most of the properties available on the market are off-plan. But purchasing off-plan properties carries certain risks, and one may encounter distressing issues such as delayed delivery, construction quality not meeting expectations, or even buying unfinished buildings. So, when you cannot buy a ready-to-move-in property and can only buy an off-plan one, how can you avoid these risks? You must purchase property projects built by world-renowned developers. For example, the hot-selling Mykonos luxury garden villa project in Greece has a very strong developer with extensive experience, having successfully developed many famous real estate projects around the world with remarkable achievements. The properties they develop are more guaranteed, and they also provide a 12-year rental guarantee with a 7% annual return.
2. Transfer Risks
As everyone knows, buying a property only counts as acquiring ownership after the transfer procedures are completed. For investors, it is essential to pay attention to transfer risks, such as selling one property to multiple buyers, rising housing prices, seller breach of contract, or losing eligibility to buy due to real estate regulations. Therefore, when buying property overseas, investors must try their best to choose property projects that can be transferred immediately upon purchase. For example, the currently hot-selling Garden Apartments in the core area of Istanbul, the Edim Mansion, and the Mykonos luxury garden villas in Greece are all properties that can be transferred immediately upon purchase.
3. Price Risks
With the emergence of the overseas property buying boom in recent years, the influx of investors from all over the world, especially Chinese investors, has prompted some unscrupulous small developers to raise prices indiscriminately. When purchasing overseas properties, investors must avoid the price risk of buying at a price higher than the actual market value.
For investors, when buying property overseas, they can choose property projects that are evaluated and provided with a rental guarantee by professional, independent third-party leasing companies. Independent third-party leasing companies have no connection with the developer's property sales and, standing from the investor's perspective, consider only the investor's interests, which can bring greater appreciation to the investor.
For investors, independent third-party leasing companies will also have a better understanding of the local market, including various types of property rentals, potential tenants, and rental prices, etc., and can rent out the property at a higher price, maximizing the investor's interests. Furthermore, after the rental guarantee period expires, you can still choose to entrust the leasing service, or choose to rent or sell it yourself. However, it is believed that under the management of a professional leasing company, the investor's property will be more popular with tenants and easier to rent out. At the same time, a higher capital yield means that the property will be easier to sell and has greater room for appreciation in the future.
WorldWay Group, one of the top 500 Asian brands and a leading institution in investment immigration, with a forward-looking vision and starting from the interests of investors, has joined forces with powerful Turkish developers to select two high-quality Turkish properties, helping investors avoid the three major risks of buying property overseas and quickly open the new door to European investment.
Turkish Istanbul Core Area Garden Apartments
Rental guarantee by a large, independent, multinational professional leasing company
High-quality ready-to-move-in property, reasonable price, immediate transfer upon purchase
3-year rental guarantee, considerable returns
Professional company management, saving the trouble of rental gaps, rent collection, and maintenance
Secure rental income while enjoying the dividends of property appreciation
Obtain Turkish passports for the whole family at the same time
Double harvest of investment and status
Turkish Edim Mansion
High-end residential project within the radiation circle of the Istanbul Canal
Large ready-to-move-in property of nearly 200 square meters, high cost-performance, suitable for both investment and self-occupation
Superior geographical location, complete supporting facilities, enjoy a quality life
Rich educational resources, including international, public, and private schools
Excellent ecological environment, 280,000 sqm city park is close at hand
Purchase property to obtain Turkish passports for the whole family
Limited properties, first come, first served
With an investment starting from only $250,000, you can acquire high-end property, participate in Turkish real estate investment, and at the same time, quickly obtain Turkish passports for the whole family, enjoying a high-end quality life—multiple benefits in one go!
Currently, it is the 5th US Immigration Month at WorldWay. To thank new and old customers, WorldWay has launched major discounts on all mainstream projects, with many highlights that should not be missed! For details, please consult: 400-138-2929.
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