These days many people are buying property overseas, either as an investment or a holiday home or, in some cases, even moving abroad permanently. According to the Office of National Statistics, 260,000 people have already done it. If you’re thinking about buying property overseas, here are some resources to help you.
FOPDAC is the trade association for those involved in selling properties overseas. Members must comply with the Federation’s strict code of ethics. You can substantially reduce the risks of buying property abroad by dealing only with a company which is a member of FOPDAC.
The Law Society
You can find details of English-speaking lawyers abroad from the Law Society’s website.
If you’re transferring large sums of money to purchase a property abroad, go through a specialist foreign exchange dealer. For-ex dealers will give you a much better rate than the bank. We used Currency UK for our overseas purchase and highly recommend them.
(The above link is our affiliate link which means that we earn commission – at no cost to you – if you use our link to do business with Currency UK.)
British Expat Magazine
This is one of our other websites which has lots of information and help for people wanting to buy property abroad.