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Tips on buying property abroad

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.

At a glance:  
Research thoroughly.
Use qualified professionals.
Visit the country of your choice both in and out of season.
Make sure you have finances to cover all eventualities.
Make sure you understand every stage of the process. If you don't, then ask!
Above all, don't sign anything you don't understand.
 
 
To find out more about foreign currency forward contracts please contact the sales team on 0800 587 8722.
 
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