The first thing to check remains whether foreigners may own property there at all. A number of countries allow outright ownership of flats yet limit land; others ask for a corporate vehicle or a long lease instead. Such restrictions change every few years, so confirm them for the current year, not from second-hand advice. The…
Author: kellicracknell
Common Mistakes When Purchasing Real Estate Abroad
The biggest one remains using the agent’s recommended lawyer. The seller earns money on completion, which is not the same as looking after your interests. An independent lawyer costs a modest share of the price and is the single best safeguard. Putting your name to untranslated contracts ranks close behind. A sworn translation is inexpensive…