True Saintee Posted November 27, 2016 Share Posted November 27, 2016 Does anyone have any experiance in buying property abroad? Myself and my partner are hoping to do so sometime in the not too distant future and would love to hear from folk who have already done so. Any hints and tips would be appreciated, and just generally where to start. Link to comment Share on other sites More sharing options...
Tight minge Posted November 28, 2016 Share Posted November 28, 2016 Would really dependant where you want to buy the property and for what reason. Laws and regulations are different from country to country. I've bought property before in both Canada and Hungary. Canada was easy to buy and hard to sell. Hungary was generally a lot of hassle. Link to comment Share on other sites More sharing options...
hk blues Posted November 28, 2016 Share Posted November 28, 2016 As above poster says, very much dependant on where you're thinking of. As an example, I've bought in UK, Hong Kong, USA and the Philippines. UK was probably the most complicated (but not particularly) and the Philippines the easiest-turn up with the cash and here's the deeds. But, I've heard others who have had some problems when buying so who knows! Hong Kong was the most expensive for bureaucracy; stamp duty, legal fees, agent fees etc soon add up. Link to comment Share on other sites More sharing options...
welshbairn Posted November 28, 2016 Share Posted November 28, 2016 From friends' experiences it's really important to find an independent local solicitor who you share a language with. Don't just take one recommended by the estate agent. Link to comment Share on other sites More sharing options...
Tight minge Posted November 28, 2016 Share Posted November 28, 2016 As above poster says, very much dependant on where you're thinking of. As an example, I've bought in UK, Hong Kong, USA and the Philippines. UK was probably the most complicated (but not particularly) and the Philippines the easiest-turn up with the cash and here's the deeds. But, I've heard others who have had some problems when buying so who knows! Hong Kong was the most expensive for bureaucracy; stamp duty, legal fees, agent fees etc soon add up. I should have said I bought (via the wife) in Indonesia and that was ridiculous just like the Philippines. Cash - deeds. It really doesn't get any easier. Link to comment Share on other sites More sharing options...
hk blues Posted November 28, 2016 Share Posted November 28, 2016 I should have said I bought (via the wife) in Indonesia and that was ridiculous just like the Philippines. Cash - deeds. It really doesn't get any easier. Exactly. I'm just hoping the deeds are a) genuine and b) are for the property I believe I bought. Still, it's the Philippines so what can go wrong! Link to comment Share on other sites More sharing options...
Tight minge Posted November 28, 2016 Share Posted November 28, 2016 Just think of the worst then double it. :-) it is a risk, but much the same as buying overseas anywhere and at least if there is a problem, it will be cheaper to solve out here. Funnily, I'm back in my favourite country just now meeting with potential investors on a business and I keep thinking, what the f##k am I doing. Definately nothing can go wrong. Link to comment Share on other sites More sharing options...
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