Overseas

Buying Land and Property overseas is very different to buying in the UK. Understanding the language can be a major obstacle, let alone understanding the legal process.

Buying Overseas - Professional Advice

Always use qualified professionals who are officially registered and hold a licence. It is advisable to choose someone who speaks both English and the native language, so they can deal with all the rules and regulations. To give you an example ... did you know that if you're buying in Spain you'll need to make out a Will in Spanish before buying, or that you can inherit debts from a previous vendor?

Costs

Ask your solicitor or lawyer to assist you in researching all the costs involved in your purchase. Be prepared with your finances and make sure you have allowed for all the additional costs. For example, taxes can be quite high when buying abroad. If you’re thinking of renting your property, another thing to be aware of is, advertising in the UK for a property abroad could result in tax demands from both the English and foreign authorities.

Enjoy your new venture; just take some time out to think a few things through...