Buying property in another country is entirely possible for American buyers — but the experience varies enormously depending on which country you choose.
Countries That Are Generally More Accessible to Foreign Buyers
Some countries have made it relatively straightforward for foreigners to purchase real estate, and lower cost-of-living has drawn increasing interest from retirees and remote workers alike. Countries in Latin America — including Colombia, Panama, Costa Rica, and Brazil — are frequently cited as places where the buying process is more navigable for outside buyers, though local real estate laws still apply and do change over time.
Higher-Cost Markets
Other countries are appealing but come with steeper price tags. Parts of Western Europe — Portugal, Germany, and the United Kingdom among them — have attracted significant foreign investment interest. The process may be more accessible than you'd expect in some cases, but property values in desirable areas tend to reflect strong demand.
Countries with Restrictions on Foreign Ownership
Some countries place meaningful limits on what foreign nationals can buy or own. The rules in countries like Vietnam, Thailand, Greece, and Mexico vary considerably from what American buyers are used to.
In Vietnam, for example, land is technically owned by the state — both locals and foreigners hold long-term leases rather than outright title. In Greece, large cash transfers into local bank accounts for property purchases involve specific documentation requirements; missing a step can trigger unexpected tax consequences.
Mexico is another common question mark. Americans can purchase property there, but properties within certain distances from coastlines or borders require a bank trust structure called a fideicomiso.
Practical Steps If You're Serious
Before signing anything abroad, build a team with local knowledge:
- A licensed real estate attorney in the target country
- A tax professional familiar with international property and U.S. reporting requirements
- A licensed local real estate agent
Owning property internationally can be rewarding, but it's not a transaction to navigate solo. Rules shift, and what applies in one city or region may not apply in another.
If international ownership is part of a larger financial picture that includes your U.S. home purchase, we're here to help with the domestic mortgage side.
