Some general advise on buying property overseas : Do research your chosen location seriously rather then just plunging on buying the property when you are on just a vacation. Legal issues can be quite complex. Take some legal advice and research this on the net. Ask people who have taken the steps before you. Finance can be another problem especially if you thinking of taking up a local mortgage or a local bank loan. Then there is the local council, national laws regarding foreign ownership of real estate etc. Best to go through a recommended real estate agent but his recommendation could be biased - seek your own legal adviser.
Some links here will help you to think further :
BBC Homes Abroad has a lots of information and checklists to guide you through buying property abroad. If there is one site you must must not skip it is this one. Well worth it - good section on Spain legal issues.
HomesGoFast has a quite a few checkpoints to consider. It would be useful to consult a trade organisation for some guidance and assistance. There is such an organisation AIPP - Association of International Property Professionals. It has members in various countries such as Spain, Portugal, Greece etc.
June 1, 2007
Buying Property Overseas
