07.06.2016 Views

Guide to Investing Overseas

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Check out the local property market:<br />

• Depending on the type of investment you are looking at (holiday rental,<br />

residential, etc.), take a look at property rental and sales prices for the last 12 months in<br />

that area.<br />

• Take an interest in the general economy of the country and the health of both the national<br />

property market and holiday rental markets.<br />

• Beware of exchange rate movements. Rates do not need <strong>to</strong> move substantially <strong>to</strong> affect the<br />

value of your purchase. A drop of just 10% can move a property out of your purchasing budget<br />

(causing you problems if you’ve already signed a<br />

contract). Secure your rate of exchange as early as possible, and speak <strong>to</strong> a<br />

specialist in this area <strong>to</strong> support you.<br />

Check out the land:<br />

• Check with Land Registry who owns the land where the build will take place.<br />

• Check the land has the correct planning permission.<br />

• Check if there are any other charges on the land/property. (You want <strong>to</strong> ensure you have First<br />

Charge against the asset).<br />

Check your contract:<br />

• Read your contract thoroughly and make sure you seek independent,<br />

professional advice <strong>to</strong> ensure full understanding of what you are signing.

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