Overseas Property & Second Homes Abroad

Improved Yields from Overseas Property

Typically, by investing in overseas property you should be able to secure a good source of income, and so improve your overall financial situation.

This is because if you’ve researched your market well and chosen your investment property wisely, there will always be demand from eager holidaymakers wanting to rent out your property for good money, yet you may not have had to pay as much for the property as you would have done in the UK.

Property Investment Opportunities in Emerging Markets

Other benefits of investing in overseas property include tax advantages and capital growth opportunities found in a number of emerging markets.

Good capital growth is one of the biggest reasons people give for their interest in investing in a property abroad and it is not hard to understand their mind set.

Even though holiday home rental markets in the UK can still be profitable, it can be much more straight forward and easier to build capital gains in an emerging overseas property market.

For investors who are particularly property savvy, this will make a lot of sense.

It basically means that if your investment focus is concentrated on economically emerging countries, there will be rewards to be had when the economy, infrastructure and facilities of that country begin to improve.

These growing markets are also more likely to yield better property prices in the future because of their strengthening economies and the increased demand for quality properties that this brings.

With this in mind, your property search should not only concentrate on the local property market and identifying the best in-country locations, it should also take a wider perspective and look at spotting countries with emerging economies that can boast improvements to their infrastructure and facilities as well.

Tax Benefits of Overseas Property

Tax benefits are also a big area that investors in overseas property like to capitalise on when it comes to investment of this type.

Overseas property investment can provide lucrative tax benefits and many investors, so long as they are fully informed, will be able to make the most of the best international opportunities.

Overseas Holiday Homes & Second Homes Abroad as an Investment

For many investors, overseas property or a second home abroad really is the ticket when it comes to investment.

Not only can it be a real money–making opportunity, if it is in a good location you also get the chance to enjoy the property by taking holidays there whenever you like.

Your investment could also be used as a second home, so you get the best of both worlds – a place to head to when you need a break, plus a guaranteed rental income when you return home.

Careful Market Research is your Key to Success

Even though this property investment sector has so many possibilities for making good profits, you should always approach overseas opportunities with caution and research the local markets, property ownership practices and legal systems with great care.

We are by no means trying to put you off, but we’d be wrong to allow you to believe that that this type of investment decision should be taken lightly.

There is no denying, for instance, that some people have attempted to get into overseas property markets and failed, sometimes with disastrous consequences.

However, with the right professional guidance, good research and careful preparation, you stand the best chance of avoiding any mishaps and making a success of your overseas property purchase.

Beware… Different Legal Systems

One of the most important things you should always take into account is that every country is different with regards to legalities, costs and their property buying procedures, so before you start choosing properties that you may be interested in, it is very important you familiarise yourself with the country’s legal systems and property buying and ownership procedures.

If you’ve found a property that you are considering buying you should ensure you look into matters that include legal rights and property ownership, outstanding finance, construction defects, subsidence and any legal covenants or restrictions that may be in place.

It is also strongly recommended that you enlist the help of a local lawyer who will be able to help you navigate your way through the paperwork.

You may also want to consider other specialists – a translator for instance.

Buying a property in the UK is stressful, yet when you throw the language barrier into the mix it can get even more hectic, so you may wish to hire the services of someone who can help you if language becomes a problem.

It may also be a good idea to utilise the services of local historians, especially if you are unfamiliar with the land and history of the country or location – they may throw up some interesting points for you to discuss with your property agent.

Local Taxes & Other Costs

There are plenty more risks and considerations that you need to be aware of before buying a property abroad, but two of the biggest factors always to keep an eye on include finances and taxes.

Local taxes in particular are something you should always be careful about.

Foreign countries have different procedures when it comes to buying and selling property and there are different costs in place.

For instance, some property agents take a substantial cut after the sale has been completed – so always make yourself aware of hidden costs and your legal position.

If you are in any doubt, always get good professional advice.

Expert Overseas Property Investment Solutions

As leading independent property investment specialists Investment Property Partners offer expert advice and support to clients across our specialist areas of expertise helping them to achieve their investment objectives.

If you are a property investor seeking to buy or sell overseas property or a second home abroad contact our overseas property investment team today to discuss how Investment Property Partners can help you.