know you are buying within your fi nancial limits and fully understand the costs associated with your purchase as well as the ongoing costs you are likely to incur. If you’re planning to offset these costs through letting out your property, then you need to take a realistic view of the number of weeks rental you are likely to secure. For more information on letting your property see page 45. As beautiful as it is, this three-bedroom villa with
THE TRUE BUYING COSTS A
sensible approach to buying overseas will help ensure you secure a property that can be enjoyed for years to come. It’s important to
pool, terraces and views across sunny countryside might not be exactly what you’re looking for, but the crucial information to take from this page is the breakdown of costs and rental revenue in the box on the right, that demonstrates what you need to consider with your own purchase. This property happens to be in Spain and the costs are specifi c to a Spanish property transaction, but the principles remain the same and your agent (see page 39) and independent lawyer (see page 25) will be able to explain the charges applicable wherever it is you choose to buy.
This is an example only, you might well be buying a cheaper property for example. However, if you are buying something similar then this is what to expect.
42 AIPP CONSUMER GUIDE
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68