Buying property abroad is proving more and more popular. According to a Mintel
survey some 800,000 Britons now have a second home in the sun. In fact, in a separate report by tax advisory group Grant Thornton, it forecasts that if the current buying trends continue, one in 10 of all UK homeowners will own a second place abroad within 20 years.
Spain remains the most popular destination for those seeking a permanent home abroad (45%), followed by France 26% and Australia 22%.
Once you have decided to buy abroad, it is worthwhile covering off the basics as
this could save you time and money in the long run.
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Research thoroughly. |
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Use qualified professionals. |
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Visit the country of your choice both in and out of season. |
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Make sure you have finances to cover all eventualities. |
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Make sure you understand every stage of the process. If you don't, then ask! |
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Above all, don't sign anything you don't understand. |
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