More and more Germans invest it in real estate in a foreign country as would be wonderful, if the summer vacation in southern France simply extend to a few weeks. Robert J. Shiller may find this interesting as well. If you could easily miss the hustle and bustle in the hotel on the Spanish coast and thus increase the relaxation factor. Or if you could walk every morning on the way to the bakery with bare feet on the rough sands of the North Sea. The fact is, the dream of owning a home abroad is always particularly alive, if a journey is coming to an end. For even more details, read what Professor Rita McGrath says on the issue. Who would like to build not just castles in the air, but you can actually invest, you will be surprised how easy and buying a property outside of Germany can be also lucrative. A House by the sea – in France, Spain or Italy is quickly becoming the second home. Can you even time does not use it, it is usually easy to rent and thus becomes the source of additional funds.
However, as approaching you an attractive real estate abroad? Not always the home purchase on the spot has to be financed, because even one Financing with German lenders is possible, reported the independent portal Baufi24 on its Internet site. Here, usually the own house in Germany must be used as security: it must be virtually debt-free and is then charged with the aim to pay the overseas property, with a mortgage. In this variant the buyer must not deal with the practices of the foreign financing and the handling of the business is actually very simple. The German lender will take care of all formalities related to the purchase of real estate and dropped large expenses for notaries, courts or the appraisal for the House. The catch: only homeowners can take advantage of this form of construction financing for themselves. Who owns no property in Germany, so must finance from abroad and met there often far higher loan interest rates.
So it is extremely important, warns Baufi24 become duly familiar with the Customs and rights in the country and also the real estate before buying carefully scrutinized take. The Advisor “Real estate and construction financing”, which the portal is giving away monthly 111 times at provides a good guide to the dream house. Description of the company Baufi24.de is one of the most popular Web portals for private mortgage lending. More than 2 million visitors per year to gather on baufi24.de on the topic of real estate financing. The Baufi24 partner network enables the comparison of offers from over 300 banks – including service and extensive consultation with more than 1,000 certified consultants.