“Property, like politics, used to be local. After all, what demands more on-the-ground knowledge than buying a home? But over the last few years real estate has gone global. Already, there's a good chance you or someone you know owns a second home abroad. You may even unwittingly own a stake in a Guangzhou office block, via your pension fund.”
via: Newsweek International Edition
With the internet and other improvements in communication technology, direct investment in international real estate is becoming more feasible. It is no longer necessary to restrict real estate investments to your local market. Through international real estate funds, indirect real estate investment can be achieved. This can also be a way to diversify your holdings, especially if you are heavily invested in real estate in your local or even national market.
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