Two Problems With Renting Overseas
Sept. 30, 2011, Panama City, Panama: When moving to a new country, you want to rent before you buy. However, renting before you buy property overseas has two downsides to do with price appreciation and currency fluctuation.
Dear Live and Invest Overseas Reader,
Our motto for anyone moving to a new country is always: Rent before you buy. Renting rather than buying has important practical advantages. It allows you to remain mobile and flexible and saves you the carrying costs associated with home ownership. Most important, it gives you a chance to get to know your new home before you commit in full, so you can be sure a place suits you before investing in the purchase of property there.