Our story began in Slovakia, where we were among the first to offer a unique financing model: rent...
The holiday season often motivates us to consider purchasing a property abroad. It is an interesting form of investment that is becoming increasingly popular among people in Europe. It is no longer true that buying a house by the sea is only for the wealthy. Even people with lower-middle incomes are increasingly searching for ways to secure a property in Croatia, Bulgaria, or even Dubai.
There are many reasons for their interest. Some want to fulfill their dream and have a year-round accommodation in an attractive destination, while others are drawn by the prospect of renting and increasing the value of their investment. However, the reason often lies in diversifying assets due to political and economic developments. The expanding offer of many real estate agencies for properties in foreign locations is also proof of the growing interest.
FINANCING OPTIONS IF YOU LACK YOUR OWN FUNDS
Banks are not always willing to provide clients with mortgages for foreign properties. They are deterred by different laws, tax systems, or the country's currency itself. Until recently, the only option to go "through the bank" was a non-purpose mortgage, also known as an "American" mortgage. When approving this type of loan, the bank does not verify the reasons for needing the money, but you must provide a domestic property as collateral, which is pledged in the same way as if you were applying for a mortgage to purchase a property in your home country.
THERE IS ANOTHER OPTION
If you cannot provide a domestic property as collateral for the bank but still wish to buy a property abroad, take advantage of our services. For more than 15 years, we have been helping people finance the purchase, trade, or construction of properties. We have extensive experience with this type of financing in Slovakia, the Czech Republic, Croatia, Bulgaria, and the United Arab Emirates. The key lies in the fact that it is not necessary to use a domestic property as collateral; instead, the collateral is the property you wish to acquire abroad.
RENT TO OWN
This is a service that allows you to first reserve a selected property and gives you time to purchase it, up to several years. During this period, you rent the property, and it is immediately available for use, renovation, or further rental. To start, you only need to pay a reservation fee of at least 15% of the selected property's price. We also offer a similar service to real estate agents, property dealers, and developers, who have expanded their operations abroad thanks to more flexible financing options from us. This includes financing purchases for renovation and future sale or larger-scale construction projects.Whichever service you choose, the first step is selecting a property, which will undergo legal and technical inspection. Afterward, you will receive a non-binding price estimate, which will include the reservation period, the amount of the reservation fee, and the conditions for rental with future purchase or sale, depending on the selected service.
DON’T FORGET SAFETY
Thanks to services like rent-to-own, owning properties in lucrative foreign locations is becoming more accessible to a wider group of people.However, always conduct thorough research of the market. When buying a property abroad, you need to carefully study the legal requirements, fees, and taxes. Be cautious of fraudsters who might offer unapproved or illegal buildings. Lastly, consider other factors as well. You wouldn't want to invest your money in a region that regularly experiences, for example, floods or has a high crime rate.
