With the British and American economies in quite a strong position many more Americans are considering putting some of their hard earned cash into buying a vacation home overseas and apparently one in three Britons has their sights set on buying a holiday home in the sun.
If you dream of owning a sunny villa in Italy, a cottage in Scotland or maybe a beachside apartment in the Caribbean, here are five essential tips to consider when looking for real estate overseas.
1) Research Your Location
You may already have a favourite destination in mind and be visualising your life lazing by a swimming pool overlooking the Mediterranean Seaon the other hand you may be interested in shopping around to find the best countries in which to buy a vacation home and make an investment into property.
Its wise to do a fair amount of research into any new destination and cover everything from foreign ownership of real estate rules, property taxes, the political and economic stability of a destination and also the investment potential a given country offers. With this information in hand it will be easier to make the right decision about which location suits your...
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