Real estate business in developed countries require substantial funds and you can achieve greater profits. For legal matters, each state has the legal formalities which may differ according to the politics and policies of each region. Comparison rates are also very different in each region. It is common, because it deals with the political, economic, cultural and business locations.
For some areas in the U.S., the real estate business they operate differently than in the United States. Some similarities between the countries of Mexico, Canada, Guam, and Central America with the United States include the legal formalities, taxes must be paid, will ensure a degree of legal documents, and a neutral party such as a title company will handle documentation and money to make a smooth exchange between the parties. Legal formalities made real estate business generally used to assist buyers in touch with professionals such as real estate agents. Transaction tax paid is also usually cheaper than the United States.
Home prices in some countries than the United States are usually much cheaper than most U.S. regions, but in many locations, house prices and many are as expensive as the United States, one example being Mexico City. U.S. banks have begun to give home loans for properties in Mexico, but, so far, not for other Latin American countries. One important difference from the United States is that each country has rules regarding where foreigners can buy. For example, in Mexico, foreigners can not buy land or houses within 50 km (31 miles) from the coast or 100 km (62 miles) from the border unless they hold a degree in a Mexican Corporation or a Fideicomiso (Mexican trust).
Other countries, other regulations. In Honduras, foreigners can buy beachfront property directly on their behalf. There are different rules regarding some type of property: ejidal land – communally held farm property – can be sold only after a long process rights, but that does not prevent them from being offered for sale. Real estate agents in Costa Rica do not need a license to operate, but the transfer of property requires a lawyer. Furthermore, in Mexico, real estate agents do not need a license to operate, but the transfer of property requires a notary.
Real estate in Thailand and Southeast Asia Countries
Thailand real estate
In Thailand, foreigners are prohibited from owning land but the property can be purchased. Soil can be obtained with 30-year lease option. Until now regarded by most legal advisers that the ownership of land by foreigners through Thailand Company Limited is acceptable, although the Act clearly states that foreigners can not own land in Thailand. The Government has now explained that the ownership is illegal. Legitimacy depends on the status of ownership Thailand Shareholders who have shown to be active and participate financially shareholders.
Philippines real estate
In the Philippines, one of a growing business in this country is a real estate development. The Government supports the development of elite houses to improve the welfare of the population. Real estate development in the Philippines carried out in stages in a specific area. Apart from increasing development and tall buildings and the establishment of the metropolitan area, the nearest province is now at the stage of development land with continual expansion in nearby provinces such as Laguna, Cavite, Rizal, Bulacan, Pampanga and Batangas.