What do I need to know when buying property in Algeria?
When we asked expats what advice they would give a foreigner before buying a property in Algeria, they said...
"You should become familiar with the Algerian property market before investing, as there are certain regulations and laws you must adhere to. It is important to understand the applicable tax and inheritance laws that are in place. It is important to research the local real estate market and see which areas are desirable for purchasing. Working with a reliable real estate agent will help you to navigate the process and will also help to ensure that you are getting a fair price. Make sure to obtain a title search and a property survey before finalizing the purchase, in order to make sure there are no legal problems associated with the property. It may be beneficial to establish an Algerian bank account to be able to deposit the purchase funds. Additionally, hiring a local lawyer experienced in matters of foreign property ownership is highly recommended," explained one expat living in Algeria.
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What do I need to know when buying property in Algeria?
If you live in Algeria, newcomers to Algeria would love to hear your answer to this question:
