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05.09.2010
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  Buying property overseas
A recent survey has suggested that 100.000 Brits plan to buy a new home and start a new life in the sun within the next six months - and who can blame them?
The way of life overseas could hardly be more attractive, with great weather virtually a given and a pace of live and standard of living that makes a welcome break from the hectic lifestile we enjoy in our country.
Many myths surround buying your own property overseas.  People are quick to dismiss it as a difficult complicated procedure, and an expensive on at that.
However, nothing could be further from the truth.  Buying a home abroad is suprisingly easy and can prove to be a very good investment, especially given the fickle financial climate that we have in Britain today.
Indeed, it's no coincidence that the many young first-time British buyers - the so called 'Jet to let' buyers - invested over 58 billion english pound in the overseas property market the last year.
However, even if you are not looking to move abroad and are instead waiting to find a way of boosting your income, then a second property overseas can prove to be a great investment asset, better in many ways than a pension, for instance.
With the right advice, the right lawyer, a well thoughtout plan and a healthy dose of basic common sence, buying abroad shouldn't be any harder than buying one in the UK.  In fact, you shouldn't only really notice a few particular differences: that foreign homes are substantially cheaper, statistically more profitable and, of course, the weather is better!

 

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