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EU Property Solutions- Experts in all Spanish property issues

EU Property Solutions offer professional assistance and advice in all areas of European property in particular, Spain. We can help provide strategies and solutions to solve problematic property issues, negotiate with lenders on debts, help reclaim lost deposits on unfinished developments and help with repossessions and mortgage arrears across Europe. We have offices in London, Belfast and Spain.

A buyer’s guide: Purchasing property abroad
07 December 2017 @ 12:41

Despite their being levels of uncertainty in the property markets abroad, it seems that people are still keen to make their dreams of living in sunnier countries a reality, with popular spots like Spain and France seeing growth in both sales and prices.

When you buy a property abroad, you need to remember that it is a big step, so always approach the situation in a cautious and informed way.Before you sign any paperwork or start packing your bags, check out this guide to ensure that you avoid these common mistakes overseas buyers often make.

Never sign a contract you don’t understand

Of course, one of the biggest challenges that you will face when you buy a property abroad is the language barrier. When it comes to contracts, never sign something that you don’t understand. You should receive two copies of contracts, one in English, the other in the native language of the country that you are purchasing in. Have your translator look at them both to be sure that what is said is the same in each of the two before you put pen to paper.

Seek specialist advice

While you may think you have it all sussed out when it comes to purchasing property, things can vary greatly when you buy a property abroad, so to avoid landing yourself in a troublesome situation you should always seek out the help of professionals. Consult solicitors, surveyors, and architects who will be able to give you thorough advice and answer all of your questions. In Spain for example, it’s customary for some debts to be passed to the homeowner so a special search will need to be done to verify you aren’t buying someone else’s unpaid bills.

Ask the right questions when it comes to new builds

If you are buying from a developer, it’s crucial that you find out about their track record and how long they have been trading for before you go on with a purchase. It may also be useful to see some references from previous buyers, so ask if these are available. Obtaining all of this information will give you a clear indication of how reliable this developer is and whether or not you should invest in their property.

Consider the location

It’s true what they say, location is the most important factor when it comes to choosing a property, so make sure you give it a lot of thought before you decide where you’re going to move. If you’re planning on having visitors, you might want to think about how far the nearest airport it. You’ll also need to consider how close schools and other local facilities are if you have children.



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