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Financial Considerations and Opportunities
When purchasing a home abroad, it's crucial to consider the financial implications, including taxes, maintenance costs, and potential rental income. Countries like Portugal offer attractive tax incentives for foreign investors, including the Non-Habitual Resident (NHR) tax regime, which allows for significant tax reductions3. Additionally, certain locations provide opportunities for rental income, especially in tourist-heavy areas, where short-term rentals can be highly lucrative.
Navigating the Buying Process
Purchasing a home internationally involves understanding local real estate laws and regulations. It's advisable to work with reputable real estate agents and legal professionals who are familiar with the local market. They can guide you through the process, ensuring compliance with all legal requirements and helping you make informed decisions. Websites specializing in international real estate listings can be invaluable resources, allowing you to search options and compare properties across different regions4.