Tips and hints on buying abroad

When buying overseas unless you are 100% confident you know what you are doing it is critical that you seek professional advice.

Specifically you will need to have a lawyer who understands English as well as the language in the particular country that you are purchasing in - this is especially important because there is even more paperwork to be done in some countries than in Britain and many countries have some rules that appear rather strange to us when it comes to property.

They will also point out various factors that you might not have considered before - for instance in some regions you may be liable for any debts that have been built up on a property by a previous vendor, so ensure that there aren't any nasty surprises by getting someone who is an expert and knows what they are doing.

Also don't be shy of seeing several estate agents. Many of them will have a level of English particularly in European countries and specifically in regions where healthy numbers of English speaking people have bought or are seeking property. They can also be a source of great advice and will be keen to get you as a client, so do feel free to make the most of their local knowledge.

You will also need to consider, when it comes to buying, what to do about currency. Of course you will need to pay in the local currency, so it may help for you to set up a Euro currency account (for example) and, if you think that the pound is going to fall against the Euro, put money into the Euro account way before you actually find the property you want. If on the other hand you think the pound is going to get stronger against the Euro, then of course you would not convert until the last possible moment (assuming you are right!)

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