How to Invest in Mongolia’s Property Market: By Mongolian Properties

Posted on Leave a comment

mongolia-property

Mongolia has been one of Asia’s best performers in terms of property rental yields and capital appreciation in the past decade. Yet, it’s still not under many investors’ radar.

At the moment, most attention comes from foreign companies who look for commercial property or housing for expats. With that said, Mongolia is predicted to perform well in the coming years, having one of the fastest growing economies in Asia.

Today, Mongolian Properties helps to explain how it works when buying property in Mongolia. It’s one of the biggest real estate agencies and a reputable developer that has built many projects in the past.

Topics covered:

  • Can foreigners buy property in Mongolia?
  • What property types are available to foreigners?
  • How is the real estate market?
  • How is the process when buying property?
  • Can foreigners rent out property in Mongolia?
  • What are the best cities to buy property?
  • What property types should be of interest?
  • How can I transfer funds from Mongolia to overseas?
  • What property taxes do I need to pay?

Can foreigners buy property in Mongolia?

Mongolian property laws are comprehensive and well-drafted with good protection of title and ownership rights. This applies to foreigners as well.

Having a ‘floating freehold’ system, the constitution and other major laws provide both foreign and Mongolian citizens with inalienable freehold rights to immovable property.

There’s no distinction between local and foreign purchasers in the legal system in terms of property rights. Continue reading How to Invest in Mongolia’s Property Market: By Mongolian Properties

5 Worst Countries for Foreign Property Buyers in Asia

Posted on Leave a comment

yangon

Do you plan to buy property in Asia?
Click here to get in touch with an experienced agent

Asia is one of the most diverse continents, not only culturally, but also economically.

It’s the only continent where we find highly developed countries, such as Japan and Singapore, alongside countries like North Korea and Myanmar.

Due to this, openness to foreign investment and foreign property ownership regulations can differ significantly between Asian countries.

I’ve already written an article that explains about your best options when investing in real estate in Asia. Today, I’ll list your worst options.

1. North Korea

pyongyang-property

Let’s start with possibly your worst option.

North Korea is notorious for being one of the most isolated countries in the world.

Continue reading 5 Worst Countries for Foreign Property Buyers in Asia

Top 11 Property Developers & Real Estate Companies in Bangladesh

Posted on 4 Comments

bangladesh-real-estate

Do you plan to buy property in Asia?
Click here to get in touch with an experienced agent

Being one of the fastest growing countries in the world, and a member of Next Eleven, Bangladesh is attracting more attention and interest from investors overseas.

The country is becoming on par with India in terms of economic rise, something that will naturally gain the real estate industry long term.

If you plan to buy property in Bangladesh you’ll find a number of local developers in Bangladesh, but rarely exhaustive and summarized information about them.

Therefore, I’ve written this article where I present some of the top developers in Bangladesh.

1. Building technology and ideas Ltd.

Building Technology and Ideas Ltd., also known as BTI, is one of the leading and biggest real estate developers in Bangladesh. The company established in 1984, at a time when there were only two other real estate developers in the country.

The company was also among a few that established REHAB – the Real Estate Housing Association of Bangladesh, making them pioneers in the industry. They’ve completed hundreds of apartment projects in the last three decades, out of which 13 were completed in 2017.

The head office of the company is based in Dhaka, but they also have an additional office in Chattogram. Property types include mostly apartments under different collections like luxury, classic, and standard apartments.

Most of their projects are small-scale projects containing 10-20 apartments on average. For now, they develop projects in two cities, namely Dhaka and Chattogram. BTI has won several awards in the last few years and achieved an ISO 9001-2008 certification.

In addition to property development, they offer other real estate services like interior design, property rentals, corporate services, and contractor.

Projects

On average, BTI develops more than a dozen new projects a year, mostly apartment buildings. Some of their recent projects are listed below:

Continue reading Top 11 Property Developers & Real Estate Companies in Bangladesh

Top 9 Property Developers & Real Estate Companies in Sri Lanka

Posted on Leave a comment

sri-lanka-property-developers

Do you plan to buy property in Asia?
Click here to get in touch with an experienced agent

Sri Lanka’s property market has grown much the past years, so much, that government officials are afraid that we will see a new bubble burst in 2020-2022.

Everything from condo buildings to commercial properties are being built, and there are a number of local developers operating in the country. But you rarely find summarized information about the top developers.

In this article, you’ll learn more about some of the top residential property developers in Sri Lanka, who their founders are, what properties they build, what projects they manage, and more. Let’s have a look.

1. Blue Ocean Group of Companies

Blue Ocean Group of Companies is a big and diversified international business conglomerate based in Sri Lanka. They’re a leading real estate developera in the country, but also offers services in different sectors include trading, engineering, education, logistics, garments, construction of government infrastructure projects, and corporate consultancy.

The founder and the chairman of the company is Mr. Sivarajah Thumilan. He’s a graduate from the UK, with degrees in ACCA, CPA, and FMAAT from universities in UK, Australia, and Sri Lanka.

In total, they own more than 40 different companies and subsidiaries, out of which 16 works in the real estate sector. Some of their well-known companies and subsidiaries working in the real estate industry are listed below.

  • Blue Oceans Residences (Pvt) Ltd.
  • Blue Ocean Realty (Pvt) Ltd.
  • Blue Ocean Breeze (Pvt) Ltd.
  • Link Realty (Pvt) Ltd.
  • Alconn Construction (Pvt) Ltd.
  • Blue Ocean Real Estate (Pvt) Ltd.
  • Link Real Estate (Pvt) Ltd.
  • Link Capital (Pvt) Ltd.

Continue reading Top 9 Property Developers & Real Estate Companies in Sri Lanka

How Colliers Help Asian Investors Buy Property in the UK: By Ashley Osborne

Posted on Leave a comment

Ashley Osborne Colliers

Ashley Osborne, Head of UK Residential at Colliers International, has more than 20 years of experience working helping Asian property investors buy property in London.

Currently based in London, Ashley also spent years in Hong Kong, giving him a unique perspective of the ‘supply chain’ that covers both the ends of the market.

In this article, he explains how Colliers International helps both private and institutional investors in the UK, and why you may want to look outside of London.

Ashley, please tell us a bit about yourself and what you do at Colliers International

I head up the residential business in the United Kingdom and within this division, there are four principal areas of operation including: Residential Development (i.e. the sale and acquisition of residential development sites across the UK), PRS – Private Rented Sector (acquiring and selling build-to-rent residential assets to the institutional markets); New Homes (the sale of new-build houses and apartments within the UK) and selling UK residential properties throughout our Colliers International offices and affiliated partners globally.

Prior to my current role, I was based in Hong Kong working for Colliers International as Managing Director of our International Properties business.

Alongside a highly committed management and sales team, we established one of Asia’s largest international sales platforms.

You have extensive experience with Asian property investors. How do you reach out to prospective buyers in the region?

Like all markets, there are many different types of property investors with varying requirements and stipulations.

Regardless of geographical and investor nuances, on the whole, buyers look for two key things: a high quality product which represents good value for money and secondly, excellent customer service.

As a business, our sourcing and due diligence teams have concentrated their search on finding high quality developments built by ‘best-in-class’ developers and there is no doubt that having a great product constructed by reputable companies with a proven track record is key to attracting buyers.

In many ways, this is half the battle and we have been lucky enough to work with some of the best UK developers. Continue reading How Colliers Help Asian Investors Buy Property in the UK: By Ashley Osborne

Buying Property in Portugal: The Ultimate Guide for Foreigners

Posted on 2 Comments

Suggestion: Watch the 5 minutes video tutorial before reading this article

Have you ever considered becoming a European citizen and to get full access to the Schengen area? A property purchase in Portugal can help you to fulfill that goal.

And with properties that cost a fraction compared to places like UK or China, you’ll be able to reside in a sunny country with great food, nice weather and long beaches.

In this article, I explain how it works when buying property in Portugal as a foreigner.

Topics covered:

Can foreigners buy property in Portugal?

Yes, foreigners, including Asian investors, have no particular issues to buy properties in Portugal.

Many foreign buyers (especially from the UK and Mainland China) have taken this path, in fact, Portugal is one of the five most popular countries for Chinese property investors.

You’ll also have the chance to become a permanent resident if you invest in property here (more about that later in this article).

Continue reading Buying Property in Portugal: The Ultimate Guide for Foreigners

How Asian Investors Can Buy Property in Ireland: A Complete Guide

Posted on 3 Comments

buying-property-ireland

Ireland is one of the European countries that suffered hard during the economic crisis in 2008.

Together with Spain, Portugal and Greece, these countries were commonly referred to as PIIGS (I agree that the name doesn’t sound so pleasant).

However:

The Irish economy has recovered and the country hosts great universities in places like Dublin and Cork.

If you plan to send your children overseas for education, you should not turn your blind eye to this country.

With the UK leaving the EU, the media frequently talks about Dublin and the opportunities it gives.

Expect great rental yields, an astonishing nature and a historical touch that make Asian investors keen to invest here.

In this article, I will explain all the details you need to know when buying property in Ireland.

Can foreigners buy property in Ireland?

Compared to countries like Australia and Thailand, foreigners have no restrictions to buy properties in Ireland.

Continue reading How Asian Investors Can Buy Property in Ireland: A Complete Guide

Buying Property in Spain as a Foreigner: The Ultimate Guide

Posted on 4 Comments

Suggestion: Watch the 5 minutes video tutorial before reading this article

Spain is one of the hot spots for European travelers, retirees and overseas property investors. You’ll also find plenty of Americans and Asians who are keen buying property here.

Buying property is fairly easy in Spain and, in fact, foreigners are welcomed with open arms as the government tries to attract more investors.

As you might remember, Spain struggled much during the economic crisis that evolved in 2008.

A great benefit of buying real estate in Spain is that you have no issues to own the land which your house is built on. This is not the case in Asian countries like Thailand, Vietnam, and Indonesia.

Yet, before you buy property in Spain as a foreigner, it’s important that you learn about the buying process, property taxes, if you can a Spanish bank account, and more.

Topics covered in this article:

Can foreigners buy property in Spain?

Foreigners have no particular restrictions to buy property in Spain. As mentioned, the Spanish government even encourages foreign investors to buy local property.

This is a completely different story to places like Singapore and Hong Kong, where the governments have introduced hefty buyer’s stamp duties towards foreigners, to cool down the markets.

Continue reading Buying Property in Spain as a Foreigner: The Ultimate Guide

Buying Property in Canada: The Ultimate Guide

Posted on 7 Comments

buy-property-canada

Do you plan to buy property in Canada?
Click here to get in touch with an experienced agent

Foreign property investors have flooded the Canadian property market in the past years. We’ve seen a similar trend in the US, especially in cities like San Francisco and Los Angeles.

Personally, I like Canada a lot as it’s politically stable, has great infrastructure, healthcare, education, and a breathtaking nature, just to name a few.

I’m not alone and cities like Toronto, Vancouver and Ottawa have welcomed many Asians over the years, who have the same perception.

Here, you’ll find buyers who either want to relocate, send their kids overseas to study, or to have a safe place to store some cash assets.

As such, the property prices have increased much in the past years, especially in the bigger cities and in British Columbia (BC). Yet, it continues to be a hot spot for overseas investors.

Therefore, I decided to write this guide where you’ll learn how it works when buying real estate as a foreigner in Canada.

Topics covered in this article:

Can foreigners buy property in Canada?

You have no general issues to buy properties in Canada as a non-resident foreigner. In fact, the buying process is pretty much the same as for local citizens.

The only major difference is that foreigners are subject to the so called Non-Resident Speculation Tax (NRST) that I will go into greater detail later.

Continue reading Buying Property in Canada: The Ultimate Guide

Buying Property in the US as a Foreigner: The Ultimate Guide

Posted on Leave a comment

Suggestion: Watch the 5 minutes video tutorial before reading this article

In the past decade, Asian investors have poured money into cities like London, New York, and Los Angeles.

It’s not strange as they want to buy property close to their relatives, in places they consider safe, or where they plan to send their kids for education in the future.

Yet, we see a trend where more and more foreigners invest in smaller cities and states that received less attention before. Some examples are Texas and Nashville.

However, before you engage in the American property market, it’s important that you learn if you can even buy property as a foreigner, how the process is, what taxes you need to pay, and more.

Topics covered in this article:

Continue reading Buying Property in the US as a Foreigner: The Ultimate Guide