Property_investment_in_different_countries



Statement: **Buying houses from another country**

Question:  **Should investors be allowed to buy property from another country where they are not a citizen?**

Discuss: **For or against**

Against One of life’s dreams is to own a house. Without a house, you cannot commit to your dreams. Without a roof over your head, your future will be hazy. However, even though houses are a main part of our lives, investors also invest in houses. Some sneaky investors buy properties from other countries and don’t intend on living there. This is a problem because these days, house ownership is a serious problem.

Home ownership in some countries is very hard because of the amount for the property or the lack of land. Take Australia for example. According to Tony Kryger (Statistics Section), about 70% of home buyers own a home or are trying to buy a house. This percentage has been stable for about 4 decades and this census was conducted in February, 2009. However, Home owners that actually own a home without having a mortgage or renting is very low. Right now the percentage is about 43%-34%but in 1947, it was just 32%! Australian’s are having some trouble trying to buy their dream home but other countries share the same scenario such as America and China. Statistics on Home Ownership in Australia <<<<Now there are simple reasons why owning a home without having a mortgage or renting is very hard. There could either be because the house costs too much money or because the house does not look really good. Another reason is that investors are buying our houses. Investing in houses is the perfect way to protect your money and they can also generate money for investors as well. However, this also drives out mainly first home buyers that come from that country. This is already happening and has made the Australian government a bit anxious. Again, this does not just happen in Australia, it happens in most countries and they are making the local people feeling a bit worried that they may not be able to secure a home for themselves. So what brings these foreign investors to other countries? Well, foreign investors invest in countries where they have a strong economy and where the property that they are buying will go up not down. The main countries that are targeted include America, Canada and Australia. These investors are very rich and when buying properties, they don’t have to worry about the price because they have enough money. They mainly like auctions as many buyers pull out and the foreign investor wins. They have their techniques on buying a house and they will continue on doing that. Sometimes foreign investors buy houses illegally. Governments will try to stop these investors but it doesn’t really help as most investors know how to avoid the obstacle. Australian Investment Rules <<<<Now, most foreign investors target wealthy countries, but when it comes to land size or land ownership, the plains of Africa are well suited for that. Though in Africa, there is poverty nearly everywhere and poor people can’t even afford the basic necessities to survive. If foreign investors take their land, then they will have nowhere to go. Buying property or land from other countries can have a big effect on the local people.

For However, these investors are coming to our countries and are helping them to affordable land are making a living for their life as well as their family. If for example, they buy a house in America and go back to South Africa because they own a company. Suddenly their company collapses and the owner has nowhere to go because he has no money left... That’s when the investor’s investment comes in. A property investment is great as it provides a lifeline for people who have suffered a very hard year financially. This could happen at very time, but mainly it would happen when there is an economic crisis as the crisis affects the currency and it has a huge impact on the cost of things.

Also, they may buy the house and leave it until their children have grown up. Since, we live in a world where money is hard to come by; a future investment in houses is a great idea as well. Most parents won’t think about their children’s future that badly, but some parents do and this is one way that they can help them.

Another thing why people want to buy houses overseas is that they either want to become a citizen or they want to study or work in that country. Becoming a citizen in 3rd world countries is easy, but there is no work there for the rich investors. However, countries like the United States of America or Australia; there is a lot of work. The education here is good and when you fully become a citizen, you can reap the benefits of being a citizen of that country. Such benefits also include having a doctor to check on you, food and shelter, having a say and being heard as well as no violence and war. Home Ownership rates in Modern Countries <<<<<Click the Button

My Opinion All of these factors contribute to why foreign investors come and buy property from other countries. They may seem heartless and take land that they don’t intend to live in, but this is their way of making money. They tend to plan ahead and then just roll along their normal lives until they fall through a deep hole that they cannot get out of, unless they have a lifeline. Which in this case they do and they can live their lives again, almost care free.

By Henry T, 2010