{"id":1672,"date":"2026-04-09T14:19:26","date_gmt":"2026-04-09T12:19:26","guid":{"rendered":"https:\/\/balmontconseil.com\/?p=1672"},"modified":"2026-08-28T09:52:22","modified_gmt":"2026-08-28T07:52:22","slug":"investissement-immobilier-international-securise","status":"publish","type":"post","link":"https:\/\/balmontconseil.com\/en\/blog\/investissement-immobilier-international-securise\/","title":{"rendered":"Succeeding in a secure international real estate investment"},"content":{"rendered":"<hr \/>\n<blockquote><p><strong>TL;DR:<\/strong><\/p>\n<ul>\n<li>International real estate investment allows you to diversify your assets and obtain high returns.<\/li>\n<li>Success requires a precise knowledge of local regulations, taxes and risks.<\/li>\n<li>Expert guidance is essential to structure, secure and optimize your investments.<\/li>\n<\/ul>\n<\/blockquote>\n<hr \/>\n<p>Diversifying one&#039;s assets has become a priority for expatriates and wealthy families who observe, sometimes with concern, the ups and downs of national markets. International real estate offers a concrete solution: access to rental yields that can reach <a href=\"https:\/\/lesfrancais.press\/s-expatrier-et-investir-guide-immobilier-mondial-2026-pour-francais\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">9 % in Bali<\/a>, Tax optimization through bilateral agreements and building wealth across multiple geographic regions are key strategies. However, this appealing approach demands method, rigor, and in-depth knowledge of local regulations. This guide will walk you through each step: why invest abroad, how to choose the right market, how to navigate applicable taxes, and how to execute your project safely.<\/p>\n<h2 id=\"points-cles\" tabindex=\"-1\">Key Points<\/h2>\n<table>\n<thead>\n<tr>\n<th>Point<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Diversify your assets<\/td>\n<td>International real estate allows you to combine security and return for your family portfolio.<\/td>\n<\/tr>\n<tr>\n<td>Anticipating taxation<\/td>\n<td>Understanding tax treaties, wealth tax (IFI) and tax returns helps avoid costly tax risks.<\/td>\n<\/tr>\n<tr>\n<td>Choose methodically<\/td>\n<td>Comparing countries, taxation and local governance is essential before investing.<\/td>\n<\/tr>\n<tr>\n<td>To be accompanied by experts<\/td>\n<td>Specialized wealth management advice secures your investment at every stage.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"pourquoi-investir-a-linternational-objectifs-avantages-et-vigilance\" tabindex=\"-1\">Why invest internationally: objectives, advantages and vigilance<\/h2>\n<p>National real estate markets, particularly in France, are experiencing increasingly shorter cycles and rising tax pressures. For an expatriate or a wealthy family, concentrating all their assets in a single country means accepting a high concentration risk. International real estate allows this risk to be spread across multiple economies, currencies, and tax regimes.<\/p>\n<p>Cross-border investments increased by 23% in 2023, reaching \u20ac147 billion, illustrating the growing appetite of private investors for real estate assets abroad. This trend is expected to continue in 2026.<\/p>\n<p><strong>The main objectives pursued by international investors:<\/strong><\/p>\n<ul>\n<li>Achieve a rental yield higher than that of saturated Western European markets<\/li>\n<li>Benefit from favorable local tax policies or bilateral tax treaties<\/li>\n<li>Access to high-growth markets (Southeast Asia, Persian Gulf)<\/li>\n<li>Preparing for a second home or retirement abroad<\/li>\n<li>Facilitating the transfer of assets within a suitable legal framework<\/li>\n<\/ul>\n<p>These goals are legitimate and achievable. But enthusiasm should not obscure the real risks. <a href=\"https:\/\/balmontconseil.com\/en\/blog\/gestion-immobiliere-pour-expatries-securiser-13me-patrimoine\/\">securing assets abroad<\/a> It begins with a precise identification of potential pitfalls.<\/p>\n<blockquote><p>\u00abMany investors underestimate the complexity of local regulations. A property acquired without prior verification of ownership rights can become a source of costly litigation for years to come.\u00bb Alexis Sagnier, Balmont Conseil<\/p><\/blockquote>\n<p><strong>Risks to anticipate:<\/strong><\/p>\n<ul>\n<li><strong>Restrictive regulations<\/strong> Some countries restrict access to full property ownership for foreigners (leasehold in Thailand, restrictions in Indonesia)<\/li>\n<li><strong>Taxation misunderstood<\/strong> : withholding taxes, unanticipated local taxes, French reporting obligations maintained despite non-residence<\/li>\n<li><strong>Remote management<\/strong> : finding reliable property managers, managing unpaid rent, maintaining the property remotely<\/li>\n<li><strong>Exchange rate risk<\/strong> An investment denominated in dollars or dirhams is exposed to exchange rate fluctuations.<\/li>\n<li><strong>Political or legal instability<\/strong> Some attractive markets in terms of yield present significant sovereign risks.<\/li>\n<\/ul>\n<p>THE <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/\">international wealth management strategies<\/a> Effective strategies rely on a rigorous prior analysis of these factors. To gain a deeper understanding of the global challenges, <a href=\"https:\/\/balmontconseil.com\/en\/blog\/gestion-patrimoine-international-guide-expatries\/\">the international wealth guide<\/a> constitutes a valuable resource.<\/p>\n<h2 id=\"choisir-son-pays-comparaison-des-marches-et-destinations-attractives\" tabindex=\"-1\">Choosing your country: comparing markets and attractive destinations<\/h2>\n<p>Choosing the country of investment is probably the most crucial decision for your project. It determines the expected return, the applicable tax regime, the ease of management, and the potential for capital gains upon resale.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/csuxjmfbwmkxiegfpljm.supabase.co\/storage\/v1\/object\/public\/blog-images\/organization-21227\/1775721776499_Investisseuse-comparant-des-marches-immobiliers-etrangers.jpeg\" alt=\"Investisseuse qui \u00e9tudie et compare les opportunit\u00e9s sur diff\u00e9rents march\u00e9s immobiliers \u00e0 l\u2019international\" \/><\/p>\n<p>To understand international markets, four fundamental criteria should be assessed: gross rental yield, legal stability, accessibility to foreign investors, and local tax pressure.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/csuxjmfbwmkxiegfpljm.supabase.co\/storage\/v1\/object\/public\/blog-images\/organization-21227\/1775721911776_Infographie-cles-investissement-immobilier-international.jpeg\" alt=\"L\u2019essentiel \u00e0 savoir sur l\u2019investissement immobilier \u00e0 l\u2019international en un coup d\u2019\u0153il\" \/><\/p>\n<p><strong>Comparative table of the main destinations in 2026:<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Destination<\/th>\n<th>Gross rental yield<\/th>\n<th>Average price per square meter<\/th>\n<th>Property regime<\/th>\n<th>Local taxation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Spain<\/td>\n<td>4.5 to 6 %<\/td>\n<td>\u20ac2,500 to \u20ac4,500<\/td>\n<td>Full ownership<\/td>\n<td>IS + IRNR<\/td>\n<\/tr>\n<tr>\n<td>Portugal<\/td>\n<td>4.5 to 5.5 %<\/td>\n<td>\u20ac3,000 to \u20ac5,000<\/td>\n<td>Full ownership<\/td>\n<td>IRS \/ IS<\/td>\n<\/tr>\n<tr>\n<td>Greece<\/td>\n<td>5 to 6 %<\/td>\n<td>\u20ac1,800 to \u20ac3,500<\/td>\n<td>Full ownership<\/td>\n<td>Flat tax 15 %<\/td>\n<\/tr>\n<tr>\n<td>Dubai \/ UAE<\/td>\n<td>6 to 8 %<\/td>\n<td>\u20ac3,000 to \u20ac6,000<\/td>\n<td>Freehold zones<\/td>\n<td>0 % income tax<\/td>\n<\/tr>\n<tr>\n<td>Bali \/ Indonesia<\/td>\n<td>Up to 9 %<\/td>\n<td>\u20ac1,500 to \u20ac3,000<\/td>\n<td>Leasehold only<\/td>\n<td>PPh 10 %<\/td>\n<\/tr>\n<tr>\n<td>Thailand<\/td>\n<td>5 to 7 %<\/td>\n<td>\u20ac2,000 to \u20ac4,000<\/td>\n<td>Leasehold \/ co-ownership<\/td>\n<td>15 % retained<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The leading destinations in 2026 fall into three categories: stable Europe (Spain, Portugal, Greece, with returns of 4.5 to 6 %), the United Arab Emirates (0 % income tax, returns of 6 to 8 %), and Southeast Asia (Bali, Thailand, up to 9 % but in leasehold).<\/p>\n<p><strong>Areas of concern by geographical zone:<\/strong><\/p>\n<ul>\n<li><em>Southern Europe<\/em> : solid legal framework, tax treaties with France, but vigilance regarding new rental regulations (tourist licenses in Spain, rent control) <a href=\"https:\/\/balmontconseil.com\/en\/blog\/fiscalite-residents-non-habituels-portugal-2026\/\">in Portugal<\/a>)<\/li>\n<li><em>Dubai<\/em> : very liquid market, no tax on rental income, but high acquisition costs (4,130 transfer taxes) and cyclical market<\/li>\n<li><em>Southeast Asia<\/em> attractive returns but limited property rights for foreigners; <a href=\"https:\/\/guestadmin.io\/legal-compliance-for-rentals-in-europe-your-2026-guide\" target=\"_blank\" rel=\"noopener noreferrer\">legal obligations for rental<\/a> vary greatly from country to country<\/li>\n<\/ul>\n<p><strong>Pro tip:<\/strong> Before signing anything, hire a local real estate lawyer to verify the title and any encumbrances. This precaution, which costs a few thousand euros, can prevent much greater losses.<\/p>\n<h2 id=\"maitriser-la-fiscalite-internationale-conventions-ifi-plus-values\" tabindex=\"-1\">Mastering international taxation: treaties, wealth tax, capital gains<\/h2>\n<p>Taxation is often the most complex aspect of investing in real estate abroad. Even as a non-resident for French tax purposes, you may still be subject to certain reporting obligations in France, particularly regarding your assets located in France or your foreign-sourced income.<\/p>\n<p>France has signed <a href=\"https:\/\/www.economie.gouv.fr\/particuliers\/impots-et-fiscalite\/gerer-mes-autres-impots-et-taxes\/comment-fonctionne-limpot-sur-la\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">128 tax treaties as of June 30, 2024<\/a> to avoid double taxation. These conventions define which state has the right to tax first, and how the other state grants a tax credit or exemption.<\/p>\n<p><strong>The four steps to managing your international taxes:<\/strong><\/p>\n<ol>\n<li><strong>Identify your tax residence<\/strong> The country in which you are a tax resident determines your primary tax obligation. If you are an expatriate, check that your tax residence has been correctly transferred.<\/li>\n<li><strong>Check for the existence of a tax treaty<\/strong> : consult the list of conventions signed by France to find out if your country of investment benefits from them.<\/li>\n<li><strong>Declaring your foreign rental income in France<\/strong> (if applicable): even if exempt, they can be included in the calculation of the effective tax rate.<\/li>\n<li><strong>Anticipating capital gains upon resale<\/strong> The rules vary depending on the country and the agreements; the foreign tax credit may apply to avoid double taxation.<\/li>\n<\/ol>\n<p><strong>IFI (Real Estate Wealth Tax) for non-residents:<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Situation<\/th>\n<th>IFI obligation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Non-resident, assets in France &gt; \u20ac1.3 million<\/td>\n<td>Subject to the French wealth tax (IFI) only on French assets<\/td>\n<\/tr>\n<tr>\n<td>Non-resident, assets held only abroad<\/td>\n<td>Not subject to the IFI in France<\/td>\n<\/tr>\n<tr>\n<td>French tax resident, worldwide assets &gt; \u20ac1.3M<\/td>\n<td>Subject to the IFI on world wealth<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>There <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/structuration-internationale\/fiscalite-des-non-residents\/\">taxation of non-residents<\/a> is a field that is constantly evolving. <a href=\"https:\/\/balmontconseil.com\/en\/ressources\/etudes-de-cas-patrimoniales\/fiscalite-non-residents-france\/\">guide to non-resident taxation<\/a> Balmont Conseil details the most frequent practical cases.<\/p>\n<p>For investors who wish to gain exposure to foreign real estate without direct management, the <a href=\"https:\/\/balmontconseil.com\/en\/blog\/scpi-de-rendement-hors-de-france-et-europeennes-eliminer-les-prelevements-sociaux\/\">International SCPIs<\/a> offer an interesting alternative, particularly for eliminating French social security contributions on income from European sources.<\/p>\n<p><strong>Pro tip:<\/strong> If you are considering\u2019<a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/investir-en-france-etranger\/\">investing from abroad<\/a> Whether in France or a third country, structure your acquisition from the outset using the appropriate legal entity. Changing the structure after the purchase is possible but costly and complex.<\/p>\n<h2 id=\"les-demarches-concretes-pour-investir-a-letranger\" tabindex=\"-1\">The practical steps to invest abroad<\/h2>\n<p>Once the destination is chosen and the tax implications understood, the next step is to execute the project. This operational phase is often underestimated. It encompasses administrative, legal, and financial procedures that must be carried out in the correct order.<\/p>\n<p>It is essential to prepare the legal structure, verify property rights (freehold or leasehold), comply with local regulations and anticipate remote management from the preparation phase.<\/p>\n<p><strong>The seven steps to a successful international real estate investment:<\/strong><\/p>\n<ol>\n<li><strong>Define your strategy<\/strong> Rental yield, capital gain, personal residence or inheritance? Each objective implies different choices.<\/li>\n<li><strong>Analyze local legal constraints<\/strong> : foreigners&#039; property rights, sectoral restrictions, regulated zones.<\/li>\n<li><strong>Build your local team<\/strong> : local notary or lawyer, certified real estate agent, rental manager, local banker if necessary.<\/li>\n<li><strong>Verify property titles<\/strong> : absence of charges, pending litigation, pre-emption rights or outstanding mortgages.<\/li>\n<li><strong>Organize the financing<\/strong> Local credit or personal contribution? Some countries allow non-residents to borrow locally, which can optimize leverage.<\/li>\n<li><strong>Secure the signature<\/strong> : have all documents translated by a sworn translator, and never sign without having understood each clause.<\/li>\n<li><strong>Implementing rental management<\/strong> : management contract, insurance, local income tax, repatriation of funds.<\/li>\n<\/ol>\n<p><strong>Operational points of vigilance:<\/strong><\/p>\n<ul>\n<li>Verify that the seller is indeed the legal owner of the property (cadastral search)<\/li>\n<li>Make sure the property is not subject to any restrictions on resale to foreigners.<\/li>\n<li>Anticipate acquisition costs (transfer duties, notary fees, agency commissions) which can reach 10 to 15% of the price in some countries<\/li>\n<li>Set aside a cash reserve for unforeseen expenses and periods of rental vacancy.<\/li>\n<\/ul>\n<p>To explore these aspects further, the <a href=\"https:\/\/balmontconseil.com\/en\/blog\/category\/patrimoine\/\">wealth advice<\/a> and the <a href=\"https:\/\/balmontconseil.com\/en\/blog\/category\/fiscalite\/\">Key points on taxation<\/a> Published by Balmont Conseil are practical and regularly updated resources.<\/p>\n<p><strong>Pro tip:<\/strong> Never neglect the due diligence phase, even for an attractively priced property. An unverified title deed or a missing building permit can block any future resale and generate considerable legal costs.<\/p>\n<h2 id=\"le-vrai-defi-de-limmobilier-international-experience-et-anticipation\" tabindex=\"-1\">The real challenge of international real estate: experience and anticipation<\/h2>\n<p>Having assisted numerous expatriates and wealthy families with their real estate projects abroad, one observation is clear: the main obstacle is not financial. It is cultural and organizational.<\/p>\n<p>Many investors arrive with overconfidence, fueled by stories of exceptional returns or promises from local developers. The reality is more nuanced. Regulatory pitfalls, unforeseen administrative delays, and cultural differences in conflict resolution can transform a promising investment into a source of lasting stress.<\/p>\n<p>Experience shows that the most successful investors are those who rely on a strong network of local experts, coupled with a wealth management advisor capable of coordinating everything. This advisor acts as a conductor, ensuring that the legal structure, taxation, financing, and rental management form a coherent whole.<\/p>\n<p>Planning for inheritance is also an often overlooked point. Property held in one&#039;s own name abroad can generate major inheritance complications, especially if local law differs from French law. Structuring the acquisition from the outset, through a local company or holding company, can significantly simplify future inheritance.<\/p>\n<p>Finally, regulatory changes are constant. Internationally proven solutions must be regularly reassessed, as what was optimal three years ago may no longer be so today. Regulatory monitoring is an integral part of international wealth management.<\/p>\n<h2 id=\"passer-a-laction-avec-un-accompagnement-patrimonial-expert\" tabindex=\"-1\">Take action with expert wealth management support<\/h2>\n<p>Investing in international real estate is a long-term commitment to your assets. The stakes are high: complex taxation, local regulations, remote management, and inheritance planning. Every mistake has a cost, sometimes difficult to correct.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/csuxjmfbwmkxiegfpljm.supabase.co\/storage\/v1\/object\/public\/blog-images\/organization-21227\/1773675020033_balmontconseil.jpg\" alt=\"https:\/\/balmontconseil.com\" \/><\/p>\n<p>Balmont Conseil assists expatriates, executives, and high-net-worth families in structuring and securing their real estate investments abroad. Through a tailored approach, the firm coordinates all the necessary expertise: non-resident taxation, legal structuring, market selection, and comprehensive wealth management. To access a <a href=\"https:\/\/balmontconseil.com\/en\/ressources\/conseil-en-gestion-de-patrimoine\/\">wealth management advice<\/a> tailored to your situation, or to explore the <a href=\"https:\/\/balmontconseil.com\/en\/gestion-de-patrimoine\/\">wealth management guide<\/a> For a complete consultation, our teams are available. Discover our personalized international strategies and let&#039;s build your international wealth management strategy together.<\/p>\n<h2 id=\"questions-frequentes-sur-linvestissement-immobilier-international\" tabindex=\"-1\">Frequently Asked Questions about International Real Estate Investment<\/h2>\n<h3 id=\"faut-il-declarer-un-bien-immobilier-detenu-a-letranger-en-france\" tabindex=\"-1\">Do I need to declare real estate owned abroad in France?<\/h3>\n<p>Yes, all assets held abroad must be declared to the French tax authorities, particularly for the purposes of the French wealth tax (IFI) on assets exceeding \u20ac1.3 million, or upon sale for capital gains. Failure to declare can result in significant penalties.<\/p>\n<h3 id=\"quel-est-linteret-de-passer-par-une-structure-locale-sci-offshore-pour-investir\" tabindex=\"-1\">What is the advantage of using a local structure (SCI, offshore) to invest?<\/h3>\n<p>Creating a local structure can provide tax advantages or facilitate transfer, but local legal structuring requires being fully informed of local and French legal obligations to avoid tax qualification conflicts.<\/p>\n<h3 id=\"quels-sont-les-pays-les-plus-rentables-pour-limmobilier-locatif-en-2026\" tabindex=\"-1\">Which countries are the most profitable for rental real estate in 2026?<\/h3>\n<p>In 2026, the highest rental yields are observed in Bali (9 %), Dubai (6 to 8 %) and in Southern Europe such as Greece, Portugal and Spain (4.5 to 6 %), depending on the type of property and the rental strategy chosen.<\/p>\n<h3 id=\"comment-eviter-la-double-imposition-sur-un-bien-a-letranger\" tabindex=\"-1\">How to avoid double taxation on property abroad?<\/h3>\n<p>France has signed more than 120 bilateral tax treaties to avoid double taxation; you should indicate this on your tax returns and claim the corresponding foreign tax credit for taxes paid locally.<\/p>\n<h2 id=\"recommandation\" tabindex=\"-1\">Recommendation<\/h2>\n<ul>\n<li><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/investir-en-france-etranger\/\">Investing in France from abroad (LMNP, SCPI) \u2013 Balmont Conseil<\/a><\/li>\n<li><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/luxembourg\/\">Wealth Management in Luxembourg \u2013 Balmont Conseil<\/a><\/li>\n<li><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/\">International Wealth Management: Destination-Based Strategy<\/a><\/li>\n<li><a href=\"https:\/\/balmontconseil.com\/en\/nos-solutions\/nos-produits\/investissement-immobilier-patrimonial\/\">Wealth real estate investment: Securing and passing on assets in 2026 \u2013 Balmont Conseil<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Discover how to make a successful and secure international real estate investment: country selection, taxation, agreements and concrete steps for expatriates and wealthy families.<\/p>","protected":false},"author":5,"featured_media":1673,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[9],"tags":[],"class_list":["post-1672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-patrimoine"],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/balmontconseil.com\/wp-content\/uploads\/2026\/04\/image_1775721929096.jpg","_links":{"self":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/posts\/1672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/comments?post=1672"}],"version-history":[{"count":4,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/posts\/1672\/revisions"}],"predecessor-version":[{"id":2974,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/posts\/1672\/revisions\/2974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media\/1673"}],"wp:attachment":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media?parent=1672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/categories?post=1672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/tags?post=1672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}