Is it possible to live in one country and purchase property in another? any legal and financial pitfalls?
359956
It is possible to own property in many countries. Best thing to do is find a real estate attorney in the country where you want to buy this house. It will cost you alittle bit more, but you will know that you are following the rules.
1077631
I think that if I was to purchase a summer home outside the United States it would be Panama. The government is pretty stable now, the weather is extremely good year round, it is close to the United States, where if something happened to my family I could be there in a short time.\n\nThey have excellent beaches, night life and pretty good shopping areas.\n\nI hope this has been of some use to you, good luck.\n\n"FIGHT ON"
725935
Investor from where?Where they want to invest?I am an Agent from an international Real Estate Company in Singapore.Can advice if you need help here.
474704
I don't know about Romania but I can tell you how does it work in Bulgaria. Foreigners can buy property there, but when there is a land included, the foreign citizens have to register a company in Bulgaria. As soon as the company is registered, any property in Bulgaria may be purchased to the company name. \nBut if you want to buy an apartment, it's not necessary to establish your own company or else.
609862
No.  You only pay the taxes in the country that you live, work, or own property.  Note the last.  If you own property in two countries, you will have to pay taxes in both countries. \n\nCitizenship does NOT equal taxes.
1012787
You can probably do it, but you'll have to shop around.  Most banks don't offer mortgages on unimproved land, but there's got to be a few that do - but the interest rates may not be so good!
1077757
You dont say where you are.Ask you local tax people they should know.\nAnother option depending on exchange rates and cheap flights is to fly to the US and buy one.
631114
Technically yes - but only on a proportion of the total gain.  The period relating to your living there is exempt from CGT, as is a further three years (based on an old assumption that it may take you a long time to sell).  There are further exemptions depending on your circumstances - eg if you are employed abroad or working away from your home town for certain periods.  It is more complicated if you own a second home as well, in which case you should get specific advice - or put more details on here and I`ll try to help!
264188
There are some very serious tax consequences to changing your citizenship (or becoming a dual citizen).  It depends on the country you are talking about, exactly what the consequences are.  But its not something I would rush into without looking at all of the impacts.  I travel quite a lot for my job, working for a large company that is internationally owned, and I have never felt any desire to change because of work.  But if you fall in love with the place, and want to be a dual or permanent citizen, then it might be worth the hassle.
193245
Speak to a lawyer for some good & impartial advice.  Immigration & real estate are two areas of your life where you really cannot afford to be ill informed, or act on wrong information. With regard to the loan, my suggestion is that you'll pay less interest in the US- but US lenders will be wary of lending to anyone buying outside of the States. Suerte!
947458
I heard you can from random sources. You just have to know the cost of everything and the exchange rates before you do something.
1101620
Possibly. There are a lot of factors to consider. For example, did you actually go through the process of changing your country of residence? If you did, did you pay full taxes in your new adopted nation of residence? Did you own / let a UK property whilst away? Do you still own it? Are you both UK citizens? \n\nTo sort this out for sure, you need to speak to a UK based accountant and really carefully figure out your situation. \n\nI work as a financial adviser to expats in Belgium. I have seen situations like you wouldn't believe. The only way to be sure is to find a good accountant in the UK, spend time and money with him or her and really look closely at your financial affairs. \n\nThe best thing you can do is to fully assess it before you return. Most people just go back and 'sort it out when I get there'. There are usually all sorts of loopholes that can be used to avoid taxes upon return, if you act in advance and prepare your affairs correctly. However, once you have returned, it is often too late to make the necessary adjustments.\n\nGood luck!
718766
You can.\nYou would most likely have to hire someone to care for the properties for you.\nThere are companies that do only that for people that either live outside the state or country.
381710
Contact people that work in realestate in canada and the u.s. they could probably answer your questions. but you don't have to buy property to immigrate.
478396
Yes you can move, absolutely.  Your lender will NEVER come and knock on your door to make sure you are still living there. You can even have your loan statements sent to an "alternate address." If you want to be completely sure and honest, ask your lender, they won't change the conditions of your loan just because you ask questions.
461812
Anyone can own property, but you'll need a proper paperwork to actually live there.  Yes, you can theoritically get a UK loan on a Norweigan property, but I don't envy the amount you'll have to go through to get it.  I'd start with an international bank with locations in both countries.
761795
No.  I know this is a hard idea to grasp, but once you buy property you have the right to use it, lease it, or sell it to anyone you want.  You do not have the right to buy the property unless you have a contract that states you do or a 'right of first refusal' contract that says you have the right to buy at a price equal to an offer in the future.