Buying a Property Abroad
Buying a property abroad can represent an excellent investment with prices being somewhat cheaper than they are in the UK. Overseas property sales have experienced tremendous growth over the past decade.
Properties for sale abroad are being bought on a daily basis by almost every type of property buyer from a first time buyer to the more experienced overseas property investor . Seasoned property investors are choosing to buy property abroad as opposed to investing in the UK or USA market as they represent a better return on investment.
The process of buying a property abroad will differ from country to country but in most cases the actual buying process is fairly straightforward if you use the services of a qualified lawyer or solicitor. Wherever you are thinking of buying overseas properties we recommend that you use an international lawyer or solicitor .
The actual costs involved in buying property abroad will fluctuate depending on where you buy but as a rule of thumb buying in most European countries will cost you on average 12% of the purchase price. Buying property in America or other long haul destinations may incur nearer to 15% with closing costs..
Selling property abroad can be a just as easy as buying one wether you are selling a holiday home or residential property the process is once again very straightforward nowadays.
There are many websites on the internet that specialise in selling overseas property irrespective of wether you are an estate agent , overseas property developer or an individual private seller (otherwise known as an fsbo property ). The advantage of using the internet is that you can reach many more people from different countries than you can with a magazine or local estate agent. The growth of overseas property websites is growing exponentially.
It is true, the world is getting smaller as more and more of us travel abroad for holidays and to live and work abroad . The overseas property market as a result has been extremely bouyant over the past decade as wealth and cheap overseas properties beckon the British property investor .
With new emerging property markets the list of popular overseas property locations is growing as you can see from the list below. Spain however, still remains the most popular with the overseas buyer looking to buy property abroad .