WHY & WHERE
TO BUY ABROAD W
hen investing in a property abroad, fi rst and foremost you need to be absolutely clear why you are buying. Identifying this clearly
at the outset will help you avoid making a costly mistake and ending up with a property that doesn’t meet your needs. Few people can afford to buy a holiday home that is a bad investment.
It is not simply a case of choosing somewhere you’ve
liked visiting, although “trying before you buy” is always recommended if you intend to spend time in the property yourself. By weighing up your motivations before you start looking, let alone before you spend thousands of
10 AIPP CONSUMER GUIDE
pounds on a property, you can ensure that the end result is going to work for you. Start by asking yourself, is the property going to be only for your personal enjoyment, something which will need to be rented out at certain times to cover its costs, or an investment that will earn you regular income and appreciate in value?
Buying for lifestyle
If the purchase is purely a lifestyle choice you will really be guided by budget and what type of area you seek: beach, golf resort, mountain bolthole or rural idyll.
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