Buying overseas property in Spain, France, Portugal, Italy or Morocco? - Don’t get burnt
193,600 Britons purchased property overseas in 2007, with 132,132 of those properties being spread across Spain, France, Portugual, Italy and Morocco. Even in the current tightening economic circumstances many more British people are still seeking ways to gain that second property abroad, especially as it’s a currently a buyer’s market so there are bargains to be had. Spanish conveyancing is still the most sought after legal service.
How to make a safe investment when buying property in Spain, France, Portugal, Italy or Morocco
The facts and figures about buying property in Spain, France, Portugal, Italy or Morocco
The reality about buying property in Spain, France, Portugal, Italy or Morocco
However, whilst it’s understandable that you might get carried away by the prospect of owning that fantastic piece of paradise in Spain, France, Portugual, Italy or Morocco, it’s worthwhile mentioning that for every successful purchase there are equally numerous horror stories of purchases overseas that go very wrong. From purchasers buying Spanish property without legal advice only to find that they don’t actually own the land, to buyers signing foreign language contracts in France without even knowing what they are signing up for. Unfortunately, there are cases where property purchasers have lost some, if not all, of their money due to playing Russian Roulette when making property buying decisions abroad without expert legal advice.
‘Buyers get carried away in the heat of the moment when buying property in Spain and elsewhere overseas. They’re in a foreign country where everything is new and exciting; it’s very easy to be seduced by the sun and laid back manner,’ says Emma Stanley, former property advisor at Interalty, Fuerteventura. ‘The laws and regulation of buying and selling overseas property are usually very different to those of the UK and many purchasers can be taken unawares by additional taxes and practices that just don’t exist back at home. People make assumptions about buying property overseas based upon their experiences of purchasing property in the UK, when in fact it’s a whole different ball game. Strangely enough, though, many go ahead with a purchase without receiving proper legal advice - something they certainly wouldn’t dream of doing back at home!’
Buying property in Spain, France, Portugal, Italy or Morocco doesn’t have to be a minefield of worry and sleepless nights. Through leeds-hips-conveyancing.co.uk you can access expert legal assistance from solicitors based both in the UK and overseas who specialise in the buying and selling of property in Spain (including the Balearics and Canary Islands), France, Portugal, Italy and Morocco. A team of professionals will carry out all the relevant searches and scrutiny of contracts to ensure your overseas purchase happens swiftly and securely, whilst your personal, multi-lingual customer care account manager will keep you informed every step of the way - leaving you with complete peace of mind that your money is safely invested. In addition, should you also be selling your home within the UK then low-cost, all-inclusive HIP, Conveyancing and overseas Conveyancing packages are exclusively available to you on request only through leeds-hips-conveyancing.co.uk. And don’t forget to request your free buying guide here

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