Top 10 Tips for Property Bargain Hunters!

Property bargains can still be found in Italy, Greece, Spain, France and further afield. Follw the tips below to find your ideal property bargain abroad

• Research and decide on an area before looking at any properties
• Check the exchange rate. Foreign exchange turbulence could increase costs considerably between paying the deposite and the balance on yout property abroad
• Never underestimagte the cost of restoration, especially as large properties are often more affordable abroad.
• Renovate in the local style. If you turn your property abroad into a British looking home it will be difficult to sell.
• Take into account the full cost of fees and taxes when buying a property abroad.
• Although your property is abroad, you are still liable for British capital gains tax, local tax and property tax in the country you are buying the property. You also have to consider income tax is you are renting out the property.
• Visit the property you might be buying in winter as well as summer.
• Never assume holiday lets will cover the costs of the property
• Consult and independent lawyer, not one proposed by the estate agent selling the property
• Consider carefully in whose name the property should be bought to avoid possible heavy inheritance tax in the future

Houses and Property for sale and for restoration in Le Marche, Tuscany, Umbria, Abruzzo & Puglia Italy

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