International insights reveal real estate's secret diversification power
Financial Considerations and Strategies
While the benefits of diversification are clear, it's important to consider the financial implications. Cross-border transactions can involve additional costs such as taxes, legal fees, and currency exchange. According to JLL, transaction costs in international real estate can range from 5% to 10% of the property value2. However, these costs are often outweighed by the potential for higher returns and risk mitigation. Investors should work with experienced international real estate agents and financial advisors to navigate these complexities and optimize their investment strategies.