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Buying a
property abroad:
Buying abroad is an absolute
minefield. It is essential that you get proper advice and that
you understand fully what you are entering into.
- Get a good professional advisor
who fully understands the local market , the laws where you are
buying and the tax regulations that are applicable.
- Ensure your advisor speaks
both the local language and English fluently.
- If you are planning to refurbish,
extend, or build new make sure you understand what permits are
requireds, who grants them and how long they will take.
- Make sure you understand the
taxes that will apply on both the purchase, and later resale.
Are there any specials taxes that apply to non-nationals?
- Buy and read a book on buying
property in the region you are looking at.
- Ask people who have been through
the process what pitfalls they found.
Once you have bought your property,
the fun really begins when you start renovating/rebuilding it.
There are some very amusing stories of dealing with local beaurocracy,
not least Peter Mayles "A Year in Provence" -you do
really need good local professional advice before doing any building
work.
Of course your dream holiday
home may well be empty for 10 months of the year. You can make
good money from letting it -try Rental
Systems, who both promote your villa/apartment to prospective
clients, and manage the online bookings for you. And it is free
until you get a customer -you only pay commission on actual bookings.
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- Featured
books:
- Restoring a Home in Italy:
Twenty-Two Home Owners Realize Their Dream
- by Simon McBride (Photographer),
Elizabeth Helman-Minchilli, Elizabeth H. Minchilli
- Artisan
- Price in UK pounds
- Price in dollars
- Restoring a Home in Italy:
Twenty-Two Home Owners Realize Their Dream
- by Simon McBride (Photographer),
Elizabeth Helman-Minchilli, Elizabeth H. Minchilli
- Artisan
- Price in UK pounds
- Price in dollars
in association
with
-
- click here for more books
on holiday homes
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