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Purchasing IP Overseas - Developing Country'sAnthonyJF [10 Posts] My fiance is Colombian and as a result we want to buy an IP there. Colombia is classified as a developing country. Will the major banks offer finance to invest in country's that are considered developing? Terryw [6611 Posts]  No Australian bank will lend for property overseas - you will have to approach lenders in the country you wish to purchase in - Aussie banks with branches there may be able to lend from those branches. It may be hard if you are not working in that country too. Terryw   AdrianinHK [14 Posts] Some developing countries dont have an established mortgage market as we would know it. As an example Vietnam does not generally offer mortgages for property. Brazil is another country where the number of general mortgages is very very low compared to somewhere like Australia. However you can get them in Brazil if you deal with the right company. If you are purchasing through a developer in something like an off the plan purchase they are generally best placed to refer to a lender (if there is one) who is familiar with their project. |
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