Foreign real estate:
The dream of a second home abroad
When it gets cold, wet and uncomfortable in Germany, many people dream of a place in the sun and a second home in warmer climes. Whether it’s a relaxing oasis for vacationing, a place for the golden years, or an additional source of income, foreign real estate in warm countries like Spain and Portugal is beloved for different reasons. A house on the coast or a flat in a wonderful city like Miami, Vancouver, London, Vienna or Barcelona; that is indeed something special. More than three-fourths of Germans dream of a luxurious second home. Second homes in the Alpine countries of Austria Switzerland are also trending. Whether the property abroad is only used once a year for a short time or many times for longer periods, there are always upkeep costs. And not just maintenance – local taxes and fees should also be looked into beforehand. Only those who carefully plan the purchase of foreign real estate with the help of experts will enjoy their second home in the long term.