Considering Buying a Home Overseas? Five Reasons Why Renting May Be a Better Option for Expats
Submitted by Creveling & Creveling Private Wealth Advisory on September 29th, 2020By Chad Creveling, CFA, and Peggy Creveling, CFA
When you’re living overseas, you may at some point consider the question “Should I buy or should I rent?” If you consult with local real estate agents, property developers, or mortgage brokers, you may hear advice similar to the following that appeared in the property section of an expat-oriented newspaper: “Owning your home has great objective and subjective merits. Savvy investors take full advantage of the tremendous investment upside over time.” Later comes the sales pitch: “Many advisory firms have specialist property arms … which can assist you with the acquisition and ongoing management of your property.” Contact details to such a firm are conveniently provided.
