Foreign real estate within reach. Poles renovate houses abroad

The main reason for the growing interest in foreign properties for renovation is the price. In Poland, the real estate market has been characterized by a dynamic increase in prices for a long time, which means that fewer and fewer people can afford to buy a new house or apartment. Meanwhile, in many European countries, especially in the south, you can find offers for the sale of houses requiring renovation at extremely attractive prices.

For example, in Italy you can buy houses in picturesque towns for amounts in the range of several thousand euros. Although they often require significant financial outlays for renovation, the total cost of the investment is still much lower than buying a new property in Poland. In addition, many of these countries offer favorable conditions for foreign investors, including tax breaks and support for the renovation of historic buildings.

Popular investment destinations

The countries that enjoy the greatest interest from Poles include:

• Italy: This country offers a wide range of properties for renovation, from picturesque country cottages to historic tenement houses in small towns. The prices are extremely attractive, and an additional advantage is the opportunity to live in a country rich in culture and history.
• Spain: Regions such as Andalusia and Catalonia in particular attract Poles. Spain tempts not only with low property prices, but also with its warm climate and high quality of life.
• Portugal: The country offers many attractive properties for renovation, especially in the Algarve and Lisbon regions.

Benefits of Investing in Foreign Real Estate

Investing in foreign properties for renovation brings a number of benefits. First of all, even after taking into account the renovation costs, the total investment cost is often lower than buying a new property in Poland. In addition, the renovation of old houses allows for the creation of unique, often historic interiors, which are hard to find on the Polish market.

For many Poles, this is also an opportunity to invest in a second home, which can serve as a place to relax during the holidays. In countries such as Spain or Portugal, thanks to the favorable weather, you can enjoy a pleasant climate for most of the year.

Challenges of Buying and Renovating Foreign Real Estate

Of course, investing in foreign real estate also comes with its own set of challenges. First of all, the process of buying real estate in a foreign country can be complicated, especially for those unfamiliar with local laws and procedures. It may be necessary to use the services of local lawyers and advisors, which incurs additional costs.

Another challenge is the cost and logistics of renovation. In countries like Italy and Spain, where many buildings are historic, renovations must be carried out in accordance with strict heritage protection regulations. This can mean using specific materials and techniques, which increases costs.

Investing in foreign real estate can be not only a profitable venture, but also a way to fulfill the dream of owning a home in a picturesque corner of Europe.