Overseas Mortgage
As more and more of us dream of owning a holiday home in the sun, a retirement home in an
idyllic overseas location or even an investment property abroad, so the need to raise an overseas
mortgage becomes a requirement for more people.
Some of the main high street lenders have a presence overseas in the most popular hot spots
such as France and Spain, but in markets as diverse as Turkey or the Czech Republic, Bulgaria
or Canada is it even possible to get an overseas mortgage? Always look at the home finance
options available to those buying property abroad in ten of the top real estate hot spots.
As more and more of us dream of owning a holiday home in the sun, a retirement home in an
idyllic overseas location or even an investment property abroad, so the need to raise an overseas
mortgage becomes a requirement for more people.
Some of the main high street lenders have a presence overseas in the most popular hot spots
such as France and Spain, but in markets as diverse as Turkey or the Czech Republic, Bulgaria
or Canada is it even possible to get an overseas mortgage? Always look at the home finance
options available to those buying property abroad in ten of the top real estate hot spots.
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Real Estate Sales
Capital Gains Tax Selling Property Abroad
The rules relating to whether capital gains tax has to be paid on the sale of property abroad
depend a great deal on where in the world the property is located, where in the world the
vendor is located, how long they’ve been living there, how long they’ve owned the property
and whether or not the property was their primary residence.
If you’re confused then make sure you unravel your potential liability for capital gains tax when
selling property abroad.
The rules relating to whether capital gains tax has to be paid on the sale of property abroad
depend a great deal on where in the world the property is located, where in the world the
vendor is located, how long they’ve been living there, how long they’ve owned the property
and whether or not the property was their primary residence.
If you’re confused then make sure you unravel your potential liability for capital gains tax when
selling property abroad.
Property Financing Abroad
According to recent research conducted by Barclays Bank in the UK, the numbers of Britons with
second, holiday or retirement homes abroad is set to double. Of those who are seriously planning
to buy overseas the vast majority admitted that they would require some form of property financing
abroad.
There are many finance and mortgage options available to those who would like to buy a new
home in the sun so make sure you shop around for the best deal that suits your needs.
According to recent research conducted by Barclays Bank in the UK, the numbers of Britons with
second, holiday or retirement homes abroad is set to double. Of those who are seriously planning
to buy overseas the vast majority admitted that they would require some form of property financing
abroad.
There are many finance and mortgage options available to those who would like to buy a new
home in the sun so make sure you shop around for the best deal that suits your needs.
Off Plan Property Investment
Because stock markets around the world have lost a lot of their appeal, the excess money in
people’s coffers has been ploughing into international real estate at a rate never previously
experienced. As a direct result of this intense interest in overseas property the demand for real
estate in many locations such as Dubai and Spain is outstripping supply by up to 75%.
Because of this fact it is increasingly common for investors to enter into off plan property
purchase: there are a number of pros and cons to this method of buying real estate. Always
research your market and the reputation of the developers .
Because stock markets around the world have lost a lot of their appeal, the excess money in
people’s coffers has been ploughing into international real estate at a rate never previously
experienced. As a direct result of this intense interest in overseas property the demand for real
estate in many locations such as Dubai and Spain is outstripping supply by up to 75%.
Because of this fact it is increasingly common for investors to enter into off plan property
purchase: there are a number of pros and cons to this method of buying real estate. Always
research your market and the reputation of the developers .
| For more information on buying property overseas and detailed information on the articles we have highlighted please visit www.byronluxuryproprties.com or visit www.shelteroffshore.com |
Buying Holiday Homes Abroad
It’s that time of the year again - Christmas is over, New Year celebrations were a bit of a let
down and it’s raining - so everyone’s thinking about the summer, about holidays in the sun and
about buying a holiday home abroad.
Therefore once again it’s time to think about the realities of buying property abroad for anyone
about to don their rose coloured glasses, because all too often people fall foul of the charms
of a particular country and don’t think through their property buying decisions properly.
It’s that time of the year again - Christmas is over, New Year celebrations were a bit of a let
down and it’s raining - so everyone’s thinking about the summer, about holidays in the sun and
about buying a holiday home abroad.
Therefore once again it’s time to think about the realities of buying property abroad for anyone
about to don their rose coloured glasses, because all too often people fall foul of the charms
of a particular country and don’t think through their property buying decisions properly.
More UK Investors Buying Property Abroad
First time property buyers in the UK have been priced out of the market and for the first time in
ten years house price inflation has fallen below wage inflation and property prices are reportedly
stagnating.
Because first time buyers are so important for market flow it is now essential that the affordability
gap is closed, but it has been predicted that it will take up to seven years for the affordability
gap to close unless interest rates are cut. All this negativity surrounding the domestic British
property market has resulted in 3 out of 4 property investors looking overseas for their next
property coup.
First time property buyers in the UK have been priced out of the market and for the first time in
ten years house price inflation has fallen below wage inflation and property prices are reportedly
stagnating.
Because first time buyers are so important for market flow it is now essential that the affordability
gap is closed, but it has been predicted that it will take up to seven years for the affordability
gap to close unless interest rates are cut. All this negativity surrounding the domestic British
property market has resulted in 3 out of 4 property investors looking overseas for their next
property coup.
| Byron Luxury Villas |
| Byron Luxury Villas |
