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Mortgages for Overseas Properties

Have you ever been interested in buying that dream home overseas, or were you ever interested in investing in emerging markets in europe or asia? The main area of concern for most people in these situations is the finance.

How do i finance and overseas purchase?

Is it safe to invest in these markets?

These two questions have been the main reason that many Americans and Europeans have held back and missed out on opportunities abroad.

One of the most vibrant and newest real estate markets of the moment is that of Eastern and Central Europe. Countries such as Hungary, Poland, Bulgaria, and the Balkans including beautiful Croatia. These markets have finally started to catch up with their western counterparts. current interest rates for mortgages Since the fall of communism, each of these countries has been trying to shed its image of backwardness, and embrace the EU. This means a steady move towards the Euro and in turn, stable exchange rates.

Currently, the inhabitants of these cities can only avail of rates in the region of 30% p/a meaning purchasing their own homes is almost impossible. City centre apartments in the most up-market areas are priced between €30,000 and €100,000. This may make property purchase difficult for the inhabitants of these cities, but not so for the overseas investor. It is possible to get interest rates of 5.6% in Hungary, and Poland, and 8.55% in Croatia. The Czech republic are offering only 4.5%. These offers are available whilst the current interest rates for mortgages countries are not yet part of the Euro. When they do join the single currency in the next few years, everybody will be able to avail of the standard european rates.

How do you finance an overseas purchase? visit www.eumortgagelink.com for mortgage information.

Is it safe to invest in these markets? As safe as your home. One benefit of the lack of home ownership is the enormous rental market, meaning a healthy return on your investment. Visit www.euinvest.ie for property information.

Richard Doleman, oveseas property investor and freelance journalist. bristol and west mortgages
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