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Article by: Sam Orgill info@proactpartnership.com Published: 13/11/2008

ProACT Chamberlains Overseas Property Agents are UK based and offer a wide range of professional overseas property services for sale, rent and management including United Kingdom, Cyprus, Bulgaria.

Some Thoughts on Overseas Property Investment

ProACT Chamberlains Overseas Property Agents are UK based and offer a wide range of professional overseas property services for sale, rent and management including United Kingdom, Cyprus, Bulgaria.

To find out more enquires try online atwww.proactpartnership.com

Introduction

The attraction of property as source of investment is fairly obvious; a

property investor can borrow money, in the form of a residential, or buy to

let mortgage, so that he, or she, does not, necessarily, need to raise the

full capital value of a property, but can enjoy the profits from the whole

of the property, including rental income, in the case of buy to let. It is

natural, perhaps, for a first-time property investor to choose a local

property, or one in an area of the United Kingdom being promoted as a

"hotspot" by the media, but this does not, always, guarantee satisfactory

returns. With the Bank of England`s Monetary Policy Committee (MPB) recently

voting to maintain the official Bank Rate at 5.0%, and further cuts - as

proposed by the British Chambers of Commerce (BCC) - predicted, the cost of

borrowing money to purchase a property overseas could be drastically

reduced.

Overseas Property Investment Locations

Spain has been a popular location for property investment in Europe for 30

years, or more, and although the Spanish property market is not as buoyant

as it was, say, 5 years ago, it remains stable, and returns - from capital

appreciation and rental income - remain high.

Elsewhere, there is any number of emerging locations that are attracting

attention from property investors. Cyprus has property valuations have remained strong due to demand from Russians. Morocco, for example, has undergone

significant development in recent years, and is considered to be one of the

strongest investment opportunities around the world. A growth in property

prices of up to 9% per annum can be expected, although property investors

are liable for all property fees, and taxes, which may amount to 13%, or so,

or the total purchase price. South America, and Brazil, in particular, is a

fairly new location, in property investment terms, but with a cost of living

just 20% of that in the United Kingdom, is, understandably, becoming popular

as a holiday, retirement and investment location.

Overseas Property Buying Tips

When considering an overseas property investment, you obviously need to have

a reasonable idea of the type, and size, of property that you are looking

for, but it may also be worth your while to look at different properties, in

different areas, to get a "feel" for market values.

The right assistance - from of a mortgage advisor, solicitor and a letting

agent, if required - is critical to the success of an overseas property

investment, for whatever purpose. A mortgage advisor may be able to secure

you a mortgage deal with minimal, or no, fees, while a solicitor be aware -

and make you aware - of the legal processes, and "hidden" costs associated

with the purchase of property in the country of your choice. Anyone can buy

property, but if you choose an investment property overseas, rather than,

say,sing an investment property in Sussex, or elsewhere in the United

Kingdom, you should be aware of local requirements, and idiosyncrasies.

ProACT Chamberlains Overseas Property Agents are UK based and offer a wide range of professional overseas property services for sale, rent and management including United Kingdom, Cyprus, Bulgaria.

To find out more enquires try online at www.proactpartnership.com

Sam Orgill

ProACT Partnership

 

External Article Link: http://www.property-partnership.com/overseas-property-guides/overseas-property-guide.cfm?id=178

Article Link: http://www.property-partnership.com/overseas-property-guides/overseas-property-guide.cfm?id=178

Please contact the author at info@proactpartnership.com for more information.