Monday 19 January 2009

Investing in properties abroad

Shpping online for propertise to buy is not a bad idea - buying properties abroad is scary tho.
There is lots of thik I should consider before doing it - such as what, where, when and how.

Small farm in cheap south of Italy or cheap flat to rent downtown in London?

Here a useful article on the ten - things to consider when buying abroad - read the full article here: Your essential legal guide to buying overseas | PropertyIndex.com:

1. The considerable time and effort required to reap the rewards of a well-selected overseas property.
2. Deciding on your reasons for buying - lifestyle, investment or speculation?
3. Instructing an independent solicitor before you go.
4. Saving tax by taking professional advice about whose name(s) the property will be held in.
5. Arranging your finances before you go.
6. How currency fluctuations might affect your budgeting and what you can do about it.
7. Carefully researching your agent or developer before selecting them.
8. Once you’ve found your property, agreeing a fair price and arranging a valuation if you’re unsure.
9. The management of your property once you own it. Will you do it yourself or appoint a management company?"

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