Buying overseas property with DSRPosted by David on 10 th in DSR, France property news, Investment Property on 10th of November 2010
The first, and often most important, factor when considering a property purchase overseas is to establish a clear and defined reason for buying.
Is the property a holiday home, a property investment, or an emigration destination? All three options are likely to have distinct and disparate requirements, and thus motive represents the key dynamic of any purchase.
Buyers looking for a holiday home will have to consider how often they will need access to a property; the journey to and from the location (both in and out of season); the security of the property when residents are not present; and the amenities in the local area.
Investors will also need to consider the potential for capital gains on a property, the level of risk involved, and potential rental income as well as the time and commitment needed to manage the assets.
Again, those looking to emigrate must assess the lifestyle in their chosen destination; the security of their income; standards of healthcare and education overseas; and the proximity of the locale to friends and family.
Once the requirements of an overseas property have been identified potential buyers can begin to examine possible locations.
DSR property investment specialists are on hand to listen to your needs and help guide you throughout this whole process wherever your chosen destination may be.
Property in France is still a very popular choice for Brits in search of a holiday home or even a permanent residence and now may be the ideal time to pick up a real bargain!