Buying Rental property in another country is much more complicated than just waiting for the proper time to buy. The proper time to buy also does not mean when the Euro is "undervalued". This often is a sign of larger global macroeconomic trends, such as recession, or lower growth compared to other countries. The proper time to buy may be in a couple years if Europe goes into a recession. There are different regulations for landlords depending on where you buy, taxes, and market outlooks. If the Euro is getting weaker, that does not necessarily mean you will be getting a deal on property. It likely means the property will go up in price to match the inflation of the euro. There are many other factors to consider when buying the rental property. Also, the way to go international is not so much to focus on the similarities, but you really need to know the differences between countries inside and out when entering foreign markets, cultural, fiscal, and economic differences is important to understand prior to investing overseas. I do not specialize in international real estate investing, so honestly I am probably not worth a call. Although, to put it in prospective, I would say, what would be the differences you would look at between investing in real estate in NYC, SF, Alabama, and Minnesota? There are significant differences in each state and city, and same goes for different continents and different countries.