The most important thing people forget is what you want the property to do for you? This could determine the country and area you buy into. Are you looking for a long term or short-term investment? Are you looking for a regular income? Or like a lot of people you are just looking for a holiday home for you and your family? There are a lot of golf enthusiasts who are looking for that perfect home at a golf resort.

There are two types of property abroad you can buy. Off-plan, and resale property. Off-plan means buying a property abroad before it is built. A resale property is simply buying a completed property abroad from a third party. Both options have their advantages and disadvantages. You have to be careful when buying an off-plan property, as you can be sure that the size of the property will finish off smaller than you imagined it to be. It can also be a long time before the overall development is completed. You can also incur problems if the building is not constructed according to the original plans but the overall buying off-plan property abroad can reap some excellent profits.

When buying property in Spain for instance allow approximately 10% – 12% on top of the asking price for additional costs as lawyer’s fees taxes VAT. The cost doesn’t always equate to 10% but allow that amount anyway just to be on the safe side. Other locations change accordingly. For example in Dubai there are no taxes which makes a very attractive investment property opportunity, If you assume 10% - 12% as being the maximum abroad then you should receive some change every time.


If you want to buy property abroad for investment and rental purposes then think about what appeals to the majority.

Is it close to an airport? Is it close to a beech or local amenities? Is there sufficient transport nearby? Are you able to rent the property all year round? Are there sufficient activities for your family and yours self. Are you able to rent the property all year round?

If you’re looking for rental property abroad then spend time to finding a good agent. www.online-property-abroad.com can give you advice on mortgages, tax and a list of property and price etc. on this subject.

Always try to buy a property that appears to be spacious. Never buy a property that doesn't have a view of some form or another, either a view of the mountains, or the sea. The view can compensate for the lack of space inside.

The chances are your tastes is not that much different to other peoples so although you have to be vigilant at all times don’t forget the basic rule? If you like it then you can be sure that others will also.

Anthony Dowling
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