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Buying a Property Abroad

Select your removal firm with care

Richard WayExpats moving abroad are being urged to choose their removals firm carefully, especially during the current period of austerity in Europe, and ensure all upfront payments are protected and all possessions secure until the end of the shipping process.

 

 

 

 

The Right Way To Buy A Home Abroad

Richard WayWhat is the biggest mistake you could make when buying property in a foreign country? Why pay for an independent lawyer when you’re already using a notary? Viewing trips – do they really take much planning? Exactly how can exchange rates affect your buying power abroad?

Powerful questions like these will be tackled at the A Place in the Sun Live show this month, when international property experts, including Richard Way of The Overseas Guides Company, take centre stage for a seminar about the right way to buy a home abroad.

 

Costs

There are many costs involved in buying and maintaning a property abroad that you should take into account.

Exercise Caution when viewing abroad. Not just in the UK!

Richard WayOverseas property-buyers should heed warnings not to rush into a purchase after just one short viewing, following a recent survey that showed the average viewing in the UK takes just 33 minutes.

A competitive UK housing market also means that one in four buyers makes just a single visit to a property before deciding to purchase it according to a leading insurer who published the survey. They also cautioned that rushing into decisions could lead to costly maintenance issues after completion.

 

The Purchasing Process

Legal Advice
This is one of if not the most important point of buying your Dream Home aboard; you would not even consider buying a house at home without good legal advice so when abroad why should you throw all caution to the wind?

Avoid Cutting Corners when Buying Property Abroad

PotogoldPotential buyers of property in Spain are warned to avoid cutting corners when purchasing a home or holiday apartment. Estate agents, lawyers and property developers who offer ways to save money and speed up the Spanish conveyancing system may lead to purchasers ending up with hugely expensive headaches later on, the British Embassy warned.

Private Rentals - New Regulations

ForSaleOur friend Richard has sent the link below about new regulations for private rentals. If you are thinking of buying a property for renting out then be sure to check with your legal team and not just take the salesman's (or woman) word about the legal status of a property.

We have published just the latest update here but if you wish to read the whole of the article then follow this link:
http://www.janetanscombe.com/news/turismos-draft-regulation-for-private-rentals-to-be-unveiled-this-monday-10-november.html

Private Rentals - New Regulations (2)

ForSaleOur friend Richard has sent the link below about new regulations for private rentals. If you are thinking of buying a property for renting out then be sure to check with your legal team and not just take the salesman's (or woman) word about the legal status of a property.

We have published just the latest update here but if you wish to read the whole of the article then follow this link:
http://www.janetanscombe.com/news/turismos-draft-regulation-for-private-rentals-to-be-unveiled-this-monday-10-november.html

Investing for turnover

Buying property Off Plan for selling before completion is an excellent form of Investment which can show substantial returns on your capital invested, but like all forms of investment that offer higher than normal returns there are always risks attached.

A simple guide to the Spanish Mortgage System

ForSaleAs in the UK, Mortgages in Spain are offered by banks and sold either directly to lenders or through mortgage brokers. Several international banks including British ones operate in the market alongside the national banks.

There can be big differences in the costs and terms of Spanish mortgages on offer, ranging in flexibility, set up costs and total payments over the term. Although the European central bank sets the base rate, Spanish mortgage lenders are free to set terms and conditions and charges.

What to Know About Spanish Property Tax

taxThe Canary Islands are riding a wave of popularity from both tourists and property hunters as year-round sunseekers look to find somewhere easy to reach, safe and affordable. But the Canary Islands are just one of Spain’s 17 autonomous regions so don’t assume that the rules of another area of Spain will automatically concur.

Yet despite wherever you are thinking of buying in Spain, as the UK post-Brexit economy unfolds, it is crucial to stay informed of the opportunities and choices you have.

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