| Mmmmmm well with a question like that I was | | | | as investment purposes then you need to take |
| more than willing to blurt out my entire 20 | | | | into account things like: How easy is it for |
| years knowledge of the overseas property | | | | you to get to your property (cheap flights |
| market in one breath - but alas my lungs | | | | etc)? Will you be using the property during |
| failed me. | | | | peak months which could potentially cost you |
| | | | money? |
| The property market here in the UK as | | | | |
| everyone knows has been spiralling out of | | | | Have you considered buy to let, guaranteed |
| control over the past 3-5 years and many | | | | rental or leaseback schemes? There are many |
| first time buyers are finding it increasingly | | | | schemes out there to help improve your |
| difficult to get a foot hold on the market. | | | | investment like buy to let, guaranteed rental |
| Many buyers have been reduced to sharing with | | | | and leaseback all of which offer some piece |
| friends in order to even buy a property | | | | of mind when buying property for investment |
| whilst others remain at home with good old | | | | purposes. |
| mam and dad. | | | | |
| | | | Buy to let - this is where a buyer buys a |
| So then - the overseas property market - | | | | property with the intention of letting it out |
| what's in it for me question. Well once we've | | | | on a commercial basis. There are usually |
| taken care of the obvious questions like: | | | | mortgages specific to this type of purchase |
| | | | known as Buy to Let mortgages. |
| What can you afford? | | | | |
| | | | Guaranteed Rental - is normally defined as a |
| Are you looking for long or short term | | | | specified rental amount guaranteed for a |
| investment? | | | | particular period of time on a particular |
| | | | property or development. This is normally |
| Are you considering using the property abroad | | | | guaranteed by the developer. One thing to |
| for your own benefit? | | | | consider is where the guaranteed rental is |
| | | | coming from. Is it actual rentals ie someone |
| Have you considered buy to let, guaranteed | | | | living in your property or an overpriced |
| rental or leaseback schemes? | | | | property that has the rental amounts built |
| | | | into your price? |
| What level of deposit do you have?and many | | | | |
| otherswe can get down to the nitty gritty of | | | | Leaseback Property - a popular way of renting |
| whats really out there for the young property | | | | your property out especially in France where |
| buyer. What can you afford? Buying a property | | | | it has been popular for over 40 years. |
| overseas can often work out costing more in | | | | Basically you buy a property (if brand new |
| fees than here in the UK with average costing | | | | you can claim the vat back) and lease it back |
| coming in between 10-12% of the purchase | | | | to a property management company who |
| price. This will include things like | | | | guarantee to give you a % return on your |
| notaries, solicitors, land registry fees, | | | | property for periods of upto 15 years. |
| taxes etc - so be prepared. | | | | Typical yields can be anything upto 6.5% and |
| | | | more. |
| Depending on where you are thinking of buying | | | | |
| can determine whether or not you can get a | | | | What level of deposit do you have? The level |
| mortgage. You need to consider the mortgage | | | | of deposit you have can have a great impact |
| rates, the likes of Spain has a low interest | | | | on what mortgage facilities are available to |
| rate compared to England yet Cyprus is | | | | you as well as any additional discounts etc. |
| running ahead of the UK interest rates at | | | | Obviously the more deposit that you have |
| about 6.2% so it pays to consider this | | | | available means that you will be in a better |
| especially when you are looking at a long | | | | position to take advantages of such |
| term loan. | | | | incentives if they are on offer. |
| | | | |
| Are you looking for long or short term | | | | Once we have taken care of the above then its |
| investment? Are you hoping to jump in and | | | | more or less down to where you are wanting to |
| back out fairly quickly to create a profit | | | | buy a property or home abroad. With over |
| that you can then sink into a UK property or | | | | 50,000 properties for sale on our website in |
| are you interested in long term investment? | | | | more than 46 countries abroad we are well |
| Consider the benefits and pitfalls of both. | | | | placed to offer new and old buyers the best |
| If you pull out on a short term investment | | | | choice of overseas property for sale on the |
| and then the overseas market erupts you'll be | | | | internet. |
| kicking yourself. Then again if the UK market | | | | |
| rises in toll with the overseas (not | | | | Wherever you are thinking of buying a |
| impossible so bare it in mind) you may be | | | | property overseas whether it be the UK, |
| still as far away as when you started. | | | | Europe or indeed anywhere in the world you |
| | | | need to visit our website and see for |
| Are you considering using the property abroad | | | | yourself the sheer amount of information and |
| for your own benefit? If you are wanting to | | | | guides that we have available for the |
| use the property for your own benefit as well | | | | overseas property buyers. |