Blog by Patricia Houlihan - Personal Real Estate Corporation

<< back to article list

So buying real estate outside of Vancouver-isn't it risky?

Short answer-yes of course it is-especially when you are buying south of the USA (in my opinion)...which is why it is a lot cheaper than if you were buying here.  As our friend David said about our recent complicated land purchases "if you were buying in France or the USA it would be a lot easier-but this is Nicaragua.....it is harder which is why it is so much cheaper".  David is right-and as I tell people, one shouldn't be looking at using their sole source of retirement income to buy in higher risk countries....but I personally think the potential upside is greater than the risk-hopefully I will be right but if I am not, I have gone into it with my eyes wide open.......

Patricia 

Archives

Newsletter

Enter your email address: