Guest Blogger: Tips for Buying a Holiday Home Abroad

Guest Blogger #533, Entry #1205, May 21, 2012

Buying your first holiday home abroad can seem like a daunting prospect, but it is actually simpler than you think, especially if you are buying with the help of a major advisor for buyers of overseas properties. The name of the company should be big enough to have had at least ten years’ experience in the business. They should represent both property developers and agents. They should offer you impartial advice that is backed up by correct information. You might want to look through a portfolio.

Perhaps you wish to buy a resale property, investment property with definite income, or by a buy off plan with maximum capital appreciation. There will always of course be issues concerning tax, accounting, legalities, perhaps mortgages and finance. You should always expect an honest and personal service when you consider buying a property abroad. It might help to do your own research online to find out exactly what your requirements are.

Buying a home overseas?

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The Best Luxury and Exclusive Resorts Abroad

Some of the best resorts abroad include La Manga Club in Spain, Quinta do Lago in Portugal and Aphrodite Hills in Cyprus. There is also some stunning property to be found in St. Kitts and Turkey. Inspection viewing trips are often available for you to see exactly what you are going to be buying in a property abroad. Often the selling agent can organize a trip for you more efficiently. They can tailor a stay for you at very competitive rates, and an associate will often meet you at the airport to show you all you need to see.

Buying a holiday home abroad can be a bucket list item checked off!

Example Holiday Homes in Turkey

Go to an independent agent for properties in Turkey for un-biased opinions on luxury sea-view apartments, building plots, new and resale villas and off-plan sites. Turkey is a new player on the holiday home scene and is now the latest hot destination all investors are talking about. This is because pricing there is currently very competitive. Turkey also has a very fast-growing economy and inflation has lowered significantly in the last 37 years. Turkey also provides a different environment to traditional holiday destinations. Good returns are being seen by those who have recently bought property there and an increase of 10-15% is projected year-on-year.

Example Land Investment in the Cayman Islands

There is plenty of beachfront that is currently available for property development. The area is an up and coming investment area, with major benefits being zero taxation, an interest free payment plan, full and clean due diligence and prices starting from £40,000. Land is one of the most stable investments you can make right now. The Cayman Government guarantees a Land Title. Land is of course always in demand.

Tips for buying a home abroad

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What Makes a Good Agent?

A good agent should have a successful and helpful sales team, who is dedicated to giving you expert advice to help you make a final decision. They should be able to answer your queries within the same day and you should be available to contact them by email, fax or by telephone. If your agent is UK based then this may make things easier for you. They should have great contacts for mortgages and speak English. They should supply up to date news about the overseas property market. Perhaps they will have a wide portfolio that includes property abroad in Europe and elsewhere. Property is being bought for the most part in Cyprus, Egypt, Cape Verde, the Cayman Islands, Turkey, St. Kitts, Turkey, Portugal, France and Spain.

The location of your holiday home in these destinations will be very important. You should be able to search for certain homes with the right kind of search criteria online. You might like to search by property type, like by villa, apartment, townhouse or land plot. The number of bedrooms will be important. There are studio apartments available to those properties with six bedrooms or more. The currency you may like to search by includes the Great British Pound, the Euro and the American Dollar.

St Kitts real estate includes properties part of the luxury and exclusive resort called Ocean’s Edge,  which looks over the Atlantic Ocean from its luxury waterside location.

For more moving tips on Stagetecture, click here.