Buying property abroad – what you need to know

Information and advice about buying foreign property abroad

  • Do your homework on your chosen area. Make sure you are familiar with all the rules and regulations when it comes to buying in your chosen foreign market.
  • Do a reconnaissance trip before buying any property to make sure there are no hidden repairs or maintenance works needed doing that will add to the cost.
  • Do due diligence and don’t feel rushed into investing. Hasty decisions will cost you in the long run.
  • Don’t overextend yourself. Examine your finances rigorously and make sure you can afford the property you are interested in, before making an offer.
  • Dont assume you can do it all yourself. Research your chosen property market and get help from advisors and legal counsel you can trust.
  • Don’t rely on the seller’s documentation. Have an independent consultant verify clearances, valuations and inspections.