Best Places To Invest In Real Estate In The World
Best Countries To Invest In Real Estate In The
World 2014
If you're thinking about investing in a rental property, experts say low home prices combined with low interest rates make this the best time in years.
now a days many people are also invest his money in real estate.Real estate is "property consisting of land and the buildings on it, along with its natural resources such
as crops, minerals, or water; immovable property of this nature; an
interest vested in this; (also) an item of real property; (more
generally) buildings or housing in general. Also: the business of real
estate; the profession of buying, selling, or renting land, buildings or
housing.
Real estate business in Mexico, Canada, Guam, and Central America operates differently from the United States.
Some similarities
include legal formalities (with professionals such as real estate agents
generally employed to assist the buyer); taxes need to be paid (but
typically less than those in U.S.); legal paperwork will ensure title;
and a neutral party such as a title company will handle documentation
and money to make the smooth exchange between the parties. Increasingly,
U.S. title companies are doing work for U.S. buyers in Mexico and
Central America.
Prices are often much
lower than prices in countries such as the U.S., but in many locations,
such as Mexico City, prices of houses and lots are as expensive as
houses and lots in countries such as the U.S. U.S. banks have begun to
give home loans for properties in Mexico, but, so far, not for other
Latin American countries.
In Mexico, foreigners
cannot buy land or homes within 50 km (31 mi) of the coast or 100 km
(62 mi) from a border unless they hold title in a Mexican Corporation or
a Fideicomiso (a Mexican trust).[3][4] In
Honduras, however, foreigners may buy beach front property directly in
their name. There are different rules regarding certain types of
property: ejidal land — communally held farm property — can be
sold only after a lengthy entitlement process, but that does not prevent
them from being offered for sale.
More Info Also Visit wikipedia
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