property portal

Bargain Price Villa in San Roque, only €495,000!

Friday, August 20th, 2010 | Uncategorized | No Comments

Property Direct From The Owner http://www.propertydirectfromtheowner.com are a leading property portal allowing owners of international property to advertise their property for sale and/ or rent worldwide. Registration is quick and easy with all enquiries generated going direct to the property owner to handle with no commissions or agents’ fees to have to pay upon a sale being concluded or a rental being secured.

 

A recent addition to the website is this stunning 4 bedroom villa http://www.propertydirectfromtheowner.com/html/property_details.php?PropertyID=5664 for sale in San Roque, close to the millionaires playground of Sotogrande on the Costa del Sol. Located in the magnificent setting of the San Roque Golf Club with fantastic golf and mountain views and close to the Mark Phillips Equestrian Centre this luxury air conditioned villa is situated close to all the major Costa del Sol golf courses and is within 2 miles of perfect tranquil beaches on the Mediterranean side of Gibraltar or within 35 minutes of the wild Atlantic surf of Tarifa. Easy access is possible with the journey taking just over 1 hour from Malaga Airport on the new toll motorway, or 20 minutes from Gibraltar Airport. It is ideal for families or golfers, with ample room for sleeping, dining, swimming in private pool, or just lounging, for up to 8 people. The house location is very quiet, situated in a cul-de-sac off the golf course perimeter road, with views over farmland and the golf course. There is a shopping centre and the property is within walking distance of a hotel with restaurants/ bars etc. Numerous activities are also planned in season at the San Roque club.

 

The property is situated close to Valderama (the scene of the Ryder Cup in 1997), Sotogrande, Alcaidesa and Almenara golf courses. Also very close to La Canada course which is an interesting 18 hole course with very reasonable rates and only 10 minutes to a magnificent beach – Alcaidesa, with beach bar. 15 minutes away is La Duquesa Port and 25 minutes drive takes one to Puerto Banus.  Close by are supermarkets and restaurants and the property is within walking distance of San Roque Club. A short drive to Tarifa for excellent wind surfing. (Plus view the numerous kite surfers). A small town is within 10 minutes, Pueblo Nuevo de Gardia; this has an English butcher plus supermarkets restaurants.

 

The property is semi-detached built in 2005 with accommodation on 2 levels plus a roof solarium. It has full air conditioning plus reverse cycle heating. The property is priced for sale at €495,000 For more information visit the Property Direct From The Owner website at http://www.propertydirectfromtheowner.com

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The importance of Due Diligence when buying property

Wednesday, August 4th, 2010 | Uncategorized | No Comments

Due diligence is a crucial area for any property professional embarking on a new international project. Unfortunately, all too often this essential part of the process is overlooked. The importance of due diligence and the investigations that should be carried out before getting involved in an overseas project cannot be underestimated.

The first question of course is what exactly is due diligence? Essentially, it is about checking a prospective opportunity to ensure as far as possible that it will deliver what you expect. Due diligence should be carried out across all areas, including project partners, the agent and the land, planning and sales hype, as well as making sure the finances work and deciding whether you do actually want to work with a company or developer. Are they reputable and critically, are they likely to deliver on their promises?

Making local connections is a good way to find out more about a company you are considering working with. You’ll want to find out what their reputation is locally and check crucial details such as licensing, solvency and reliability.

For the developer in particular it is worth researching the success of previous developments and finding out more about the support that will be offered throughout the project and the ability of staff. Ask yourself what paperwork you want to see from the developer, for example, proof of ownership etc and get hold of copies.

When it comes to the development itself, find out as much as you can about its potential, from future growth and rents achievable to the quality of fixtures and fittings. It is worth asking yourself what the development will actually offer your buyers and comparing it to others in the area.

Equally as important is to make sure the appropriate legal advice has been sought and that the correct searches and investigations are being carried out for the project. Confirm details for the land title and planning permissions. It is often worth making sure you have a good general understanding of local planning and other procedures to help ensure you don’t miss anything.

Ultimately, you want to make sure the opportunity you have been offered will be a positive one for both your business and customers. Due diligence plays a vital role in keeping your reputation and your bank balance intact.

For more information on how you can sell your overseas property or indeed if you are looking into buying overseas property then visit http://www.propertydirectfromtheowner.com Property Direct From The Owner are an internet based property portal for worldwide property owners wanting to sell and/ or rent their property without the need of an agent, in the process saving thousands in agents’ fees. Registration is simple and prices start from GBP99 for a 12 month advertising package. Visit the Property Direct From The Owner website http://www.propertydirectfromtheowner.com for further information.

 

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The International Property Law Centre

Monday, July 26th, 2010 | Uncategorized | No Comments

Property Direct From The Owner http://www.propertydirectfromtheowner.com are an internet based property portal allowing worldwide property owners the opportunity to advertise their property for sale and/ or rent on the Property Direct From The Owner website. All enquiries generated go direct to the property owner themselves with no estate agent’s commission or rental fees to have to pay upon conclusion of a sale or rent. In particular for a property sold, this can end up saving the vendor thousands of pounds in agent’s commission. Registration is simple and an advert can be live on the site within an hour. Prices start from GBP99 for 12 months advertising on the site.

Property Direct From The Owner http://www.propertydirectfromtheowner.com are pleased to have recently agreed a partnership with The International Property Law Centre. With offices in London and Hull, The International Property Law Centre specialise in providing a comprehensive legal service to clients who require international legal advice across the world in areas such as overseas conveyancing, fractional ownership, civil and commerical litigation and tax advice.

Paul Wilson, Marketing Manager at Property Direct From The Owner says, ‘We are delighted to have an agreement in place with The Internation Property Law Centre, an extremely professional and well respected company in the worldwide legal maketplace. We anticipate clients of ours who are interested in purchasing property via our website to be able use The International Property Law Centre for all their legal transactions in the country they are to purchase in. Likewise, clients of our who are looking to sell can obtain the very best legal advice when it comes to selling their property abroad’.

For more information on how you can list your property for sale or rent then visit the Property Direct From The Owner website at http://www.propertydirectfromtheowner.com Alternatively if you are looking to buy property overseas or rent a holiday home then visit the Property Direct From The Owner website to find the property of your dreams.

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Thursday, July 22nd, 2010 | Uncategorized | No Comments

Property Direct From The Owner http://www.propertydirectfromtheowner.com are an internet based property portal allowing owners of international property to advertise their property for sale and/ or rent. Advertise your property for sale and/ or rent on the Property Direct From The Owner website http://www.propertydirectfromtheowner.com from £99. All enquiries generated go direct to the owner with no commissions or fees to have to pay when the property is sold or rented.

 

The Mediterranean is attractive to many people for holidays, and buying a holiday home overseas for many British people has been an aspiration achieved by many since the early 1980’s, when the UK allowed the free flow of capital, and property price gains allowed many to sell up in Britain and move to Spain and other Mediterranean countries - Cyprus for example.

A slow down of Brits buying abroad happened in the early 90’s when recession hit the country, but overall the pace of number of people buying a home and often buying a business too has been relentless.

Along with a growing number of British moving abroad, the UK’s financial infrastructure followed them, with British banks setting up branches in Spain and Cyprus (ironically some of the British banks have now been taken over by Spanish ones), mortgage companies tailoring products for overseas home purchase, and insurance companies offering building and contents cover.

 

For many of the British buying in Spain and Cyprus, it was like Britain with sunshine. But times have changed, Spain and Cyprus is flooded with unsold brand new and re-sale properties, and property prices have crashed. In Britain property prices have dropped and are expected to fall further for the next year or more.

Confidence is low - unemployment in the UK is expected to hit 3 million before it peaks, and people with some money who might ordinarily have considered buying a property abroad are often keeping it in assets where the money is easily accessible - something it’s not when tied up in a property during a recession.

And of course the financial infrastructure that supported the British buying homes and businesses in Spain and her islands is in full retreat. The banks who were lending money readily to Brits moving abroad aren’t lending much, and many of them have been bailed out with taxpayers’ money - overall a dismal picture of a once flourishing overseas property market.

 

So, is now a good time to buy in Spain or Cyprus? If you’ve always fancied an apartment or villa in glorious Spain and Cyprus - is this the time to take the plunge?

Part of that answer depends upon your individual financial circumstances, but if you need to borrow to buy a second home, and if you need income from holiday rentals to sustain your new overseas property…halve the figure you think you might achieve and re-calculate to get closer to what you might realistically get from renting out to those taking Spanish and Cypriot holidays in today’s market.

But if you have a surplus of cash and are ready to buy a property in Spain or Cyprus - is now a good time to buy?

There’s a property glut in both these countries. If property was water, Cyprus would be renamed Atlantis. Developers and private owners alike are more than keen to sell, and anyone who is a cash buyer won’t have to wait long before they see a bargain. But don’t necessarily buy the first property you like that seems good value.

Draw up a list of say three or four apartments or villas you have viewed and liked and put in an offer of around sixty per cent of the already discounted price, starting with your favourite one, telling the owners that the offer remains good for two weeks, and at that time you will look elsewhere. Within a couple of months you, perhaps even weeks, you could have the property you want at an amazing price, even if the owners come back with a counter offer.

Paul Wilson, Marketing Manager at Property Direct From The Owner says, ‘Only buy a new property in Cyprus or Spain if you’re absolutely certain that the developer has the funds to finish off a development and the promised infrastructure that goes with the new development and even then only spend what you can afford to lose. Guarantees are useless if a developer goes bust. And just don’t buy a property under construction - the development could be mothballed for years to come - along with any deposits and staged payments already paid by a buyer’.

Paul continues, ‘If you can hold on a few months, you might find even better bargains than there are now in October and November when the same owners who are selling now have failed to find a buyer and Christmas is coming up fast’.

For more information on holiday homes available for sale and/ or rent in Spain and Cyprus, visit the Property Direct From The Owner website on http://www.propertydirectfromtheowner.com

 

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Overseas Property Investments

Monday, July 19th, 2010 | Uncategorized | No Comments

Property Direct From The Owner http://www.propertydirectfromtheowner.com are any internet based property portal allowing worldwide property owners to advertise their property for sale and/ or rent via the Property Direct From the Owner website with no commissions or fees to have to pay when a property is sold and/ or rented. Even though in recent times the overseas markets have taken a hit as a result of the credit crunch there are still many people looking at property investment overseas.

The first step to successful overseas property investment, is to know your investment objectives. What is that you’re after? Too many people are day dreaming when it comes to overseas property investments. They see themselves sitting in the sun, by the pool, with an ice cold drink – and they’re not clear to themselves about why they are investing.

Many people end up being disappointed with overseas properties, because they lost focus of what truly matters to them. Just search for any “property forum” on Google and you’ll find thousands of people lamenting the fact that they ended up in the wrong overseas investment. They didn’t have a strategy and fell for sales hype.

Three Reasons To Invest In Overseas Property:
Most reasons people have for buying overseas property boil down to the following:

• To use as a holiday home and/ or retirement
• To make money by renting the property to others
• To buy the property to flip and release capital before it is built up (also called the off-plan investment).

Home For Vacation And/ Or Retirement

If you are looking to buy property for holiday home or retirement purposes, you’ll have some thinking to do. Probably, you will want to have privacy, quiet and nice surroundings, and access to facilities like health care and shops. Do you want your home to be near to the golf course, near to the beach or somewhere else? Can you pay the mortgage from your pension or will you continue to work? If this is going to be your home, do you really want tenants in it while you’re gone? Is there family you want to be near to? And, last but not least, will you want to spend your holiday in the same place every single year?

 

Rental Income And/ Or Capital Appreciation

If making a profit is your object, you will have to clarify whether you want a steady rental income, capital appreciation, or some kind of combination between them. If rental income is your goal then, besides the popularity and the rental prices, you have to take the length of the tourist season of your target country into account. If it’s too short, you may not have enough income. This is often true for beach and skiing resorts.

If you’re mainly after capital appreciation, then investing in a popular tourist area or in an emerging tourist markets is a good place to start. It’s crucial to keep an eye on your competition. In emerging markets and areas, each new development will be put on the market by highly professional local companies that have access to the best customers. You will have to outmanoeuvre them in some way. The alternative is investing in a development company that does the work for you.

Off-Plan Investments

Off-plan investments are investments into property that has yet to be built – it’s on the drawing table of a development company. If you manage to pick the right development project, then you, as the investor, are able to earn a substantial profit, especially if you purchase early on. Upon signing the contract, you will, usually, only have to pay 10% of the price. The rest you will pay in (usually) monthly payments.

However, it isn’t always easy to make a profit. There are serious dangers here. If the project goes bankrupt, your 10% initial payment is down the drain. Prices have to rise fast after completion of the project, or you won’t make a profit. And if the locals cannot afford the property, you can only sell to foreigners. That’s why it can make more sense to invest in the development company, instead of the property.

For more information on how Property Direct From The Owner can help you sell or rent your property overseas visit their website at http://www-propertydirectfromtheowner.com If you are looking at overseas property investment or indeed your dream holiday home or retirement home in the sun then visit the Property Direct From The Owner website at http://www.propertydirectfromtheowner.com

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EPEX 2010 at Earl’s Court London

Tuesday, July 13th, 2010 | Uncategorized | No Comments

Property Direct From The Owner http://www.propertydirectfromtheowner.com enjoyed a good weekend at the EPEX 2010 (Exclusive Property Exhibition) at Earl’s Court in London this weekend just gone. More than 60 exhibitors, showcasing properties in over 45 countries were represented at this year’s event. Paul Wilson, Marketing Manager at Property Direct From The Owner remarked, ‘the show was another success for Property Direct From The Owner, where we showcased nearly 200 owners’ properties for both sale and rent on our stand. Footfall was a little less than we, and I think other exhibitors, had expected yet we had some good people visit our stand expressing an interest in property that we had exhibited along with other properties that we listed on the main site’.

Property Direct From The Owner (http://www.propertydirectfromtheowner.com) are a leading internet based property portal for property owners wishing to advertise their property for sale and/ or rent anywhere in the world. A standard advert including upto 21 photographs, google map and description costs just GBP99 and can be live on the website within an hour. For more information visit the Property Direct From The Owner website at http://www.propertydirectfromtheowner.com

Paul continues, ‘Our next show, A Place In The Sun Live, takes place in October at Birmingham NEC, in conjunction with the successful channel 4 television programme. We exhibited at A Place In The Sun Live at Earl’s Court in March which was a real success both for ourselves and our clients which a number of sales being concluded on the back of that show. This obviously adds to the credibility of the business module and shows owners that renting or buying property without the use of an agent is not as daunting as first thought of as well as saving the vendor a great deal of money in agent’s fees. We look forward to a busy few months ahead in the run up to this show where we will exhibit hundreds of owners’ properties and in the process generate interest for our clients’.

For more information on how you can advertise your property with Property Direct From The Owner and be part of the UK’s largest property exhibition in Ocotber at Birmingham NEC visit the Property Direct From The Owner website at http://www.propertydirectfromtheowner.com

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Buying Property In Bulgaria

Tuesday, April 27th, 2010 | Uncategorized | No Comments

Property Direct From The Owner http://www.propertydirectfromtheowner.com are a property portal allowing owners of international property to sell and rent direct from the owner with no commissions or fees to have to pay upon selling or renting direct. With a portfolio of properties available for sale in Bulgaria ranging from the Black Sea Coast to plots of land close to Sofia, there can be numerous pitfalls when it comes to the legalities of buying and selling in Bulgaria to the uninitiated. Property Direct From The Owner http://www.propertydirectfromtheowner.com are pleased to annouce a link up with Jones and Stoykov http://www.jonesandstoykovlawyers.com a London based law firm specialising in Bulgarian contract and property law, tax law, commercial and property law, litigation, wills and inheritance and family law. Below is brief guide to the legalities of buying property in Bulgaria.

The main rule when you buy a property in Bulgaria is that the Buyer, generally, covers all the costs for a property transaction, but sometimes the parties agree to split the costs equally.

 

The major costs when selling/buying your Bulgarian properties are:

1. Local tax – currently between 2% and 4% of the purchase price (a local authority of each region has the freedom to impose an exact figure of this tax. It would depend on how popular a particular location is, i.e a local tax in Bansko (ski resort) is 2.5% of the purchase price). This is the alternative to the UK stamp duty. Similarly to the UK the Bulgarian local tax (stamp duty) is a subject to political speculations, however it is unlikely that this will be changed soon.

2. Council tax (or Land Registry tax) – 0.1% of the purchase price. This council tax has nothing to do with the council tax in the UK. It is alternative to the UK Land Registry and it is where the buyer will receive their deeds.

3. Notary fees. The notary fee is a favourite topic for discussion of the Bulgarian lawmakers in connection with the double valuation standards being the practice in Bulgaria at the moment. Each Bulgarian property when purchased/ sold is valued by a tax valuation officer, however the tax office valuations are based on old price range schemes which are very conservative and reflect prices 20-30 years ago and are several times smaller than the current market values of Bulgarian properties. For example a property in Bulgaria which is being sold for €100,000 will normally have a tax valuation of €10,000. The practice in Bulgaria is that it is up to the buyer and/or the seller, respectively what valuation figures to use. However, we recommend to use the real property price for the security of your transaction. (Always take legal advice before implementing the property price into the Notary Deed).

 

Therefore, you can pay notary fees either based on the €100,000 agreed market price or on €10,000 tax valuation as per tax office valuation. Most likely this situation will change soon in view of Bulgaria’s EU accession.

The notary fee, regardless of which method of valuation of your Bulgarian properties you decide to use, is calculated on the following basis:

A. Properties in Bulgaria between BGL10,000 – BGL50,000 (€5,000 – €25,000): BGL118 (€60) + 0.5% of the amount above BGL10,000 (€5,000)

B. Bulgarian properties between BGL50,000 – BGL100,000 (€25,000 – €50,000): BGL318 (€170) + 0.2% of the amount above BGL50,000 (€25,000)

C. Properties for sale in Bulgaria that cost over BGL100,000 (€50,000): BGL418 (€209) + 0.1% of the amount above BGL100,000 (€50,000)

4. Other fees – there will always be some other costs like postage, translation of documents in English, etc. These should not be over €200.

5. Solicitor’s fees – as in the UK it is always better to have a solicitor who will be representing you in during the process of buying Bulgarian properties. Solicitor’s fees vary widely from €150 to €800. The solicitor we are working with has a fee of €400, which is, I guess, reasonable. The most important is that you are confident and trust your solicitor, since in most cases he/she will have to deal with the sale of your Bulgarian property in your absence.

If you have accepted a €55,000 offer for your Bulgarian property the taxes you will have to pay are: 1.€1,100; 2.€55; 3.€214. The property is in band C, therefore your notary fees will be €209 + 0.1% of €5,000 e.g. €5 (this is assuming you decide to go for the market value and not the tax valuation) 4.€150; 5.€300.

Total: €1,829.

As % of the total value the costs for selling your Bulgarian properties is under 4% which compared to other European holiday and property destinations is rather reasonable.

Do i have to pay tax in uk when selling Bulgarian property?
you have two options - to pay your Capital Gains achieved from the sale of your Bulgarian property, either to the Bulgarian ta authorities, or to the UK tax authorities. There is a convention between the two countries for reducing the taxes in the UK with the paid amounts of taxes in Bulgaria.

For more information on property available for sale or rent in Bulgaria visit http://www.propertydirectfromtheowner.com

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Advertising Property On The Internet - Property Direct From The Owner

Tuesday, November 3rd, 2009 | Property Direct From The Owner News | No Comments

The internet technology boom never ceases to slow down and the internet is accessed by millions of people on a daily basis. The internet is considered to be a fine method of advertising and offers you the wisdom to advertise whatever you desire to sell on the net to ensure scores of people get to see it. It is now becoming practical and more and more appealing to sell homes on the internet than through the traditional estate agent route. There are now a large number of property web portals which offer estate agent like services with no fees to have to incur. Property Direct From The Owner http://www.propertydirectfromtheowner.com are a leading web based property portal allowing owners of international property to advertise their property for sale and/ or rent with no commissions or fees to have to pay once the property is sold or rented.

 

There is no need to worry if you wish to sell your home because web based property portals can make the entire sales procedure extremely simple for you. Putting your property on the internet for sale attracts a number of interested parties thus increasing the opportunities of being sold at a fine price. Over 70% of property buyers first see the home they end up buying on the internet in the first instance. Unlike some online estate agents which fix their commission, Property Direct From The Owner http://www.propertydirectfromtheowner.com do not charge any commissions or fees to the vendor once the property is sold.

 

You will encounter a large number of formalities in selling your home; however going through a web based property portal will lessen these difficulties greatly. Keep in mind the factor of consistency in web based property portals when going to sell your property. Always opt for a reputable and well recognised web based property portal for selling your property. Internet based property portals can offer the best type of exposure for your property.

Check the customer comments on several sites about online property portals. If comments are positive about web based property portals, it indicates that the website in question has a fine dealing with its customers and a good chance that they would do you proud too when coming to sell your property. The main advantage of choosing a web based property portal as opposed to the high street estate agent is the exposure that your property will get on the internet.

Property web portals have made simple the task of selling your home. Approximately 90% of people start searching for a home on the internet to begin with. Make the most of this internet boom and get your house sold at a high price with the least amount of effort by using the services of professional property web portal.

For more information on how you can sell your property privately on the internet visit Property Direct From The Owner at http://www.propertydirectfromtheowner.com

 

 

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Lifestyle Exhibition - Property Direct From The Owner Exhibiting At Large Exhibition In Spain

Thursday, October 29th, 2009 | Uncategorized | 1 Comment

Property Direct From The Owner http://www.propertydirectfromtheowner.com are one of the leading internet property portals allowing owners of international property to advertise their property on the Property Direct From The Owner website with no commissions or fees to have to pay when the property is sold or rented.

If you are looking to sell your home, even in a slow market, you have to take steps to make it appeal to buyers. One of the best ways to do that is by staging your home. There are many steps involved in staging a home to make it appealing to buyers and one of the most important is giving each room a purpose. If you’ve got a spare bedroom or extra living room that you have many different types of furniture in or are using for several purposes, you’ll need to make a strong statement with it if you want to sell your property.

 

Staging is a sales technique that helps buyers envisage what it will be like to live in the house. You’ve got to detach yourself from your home and think about it as an investment. What will appeal to the buyer the most? In most cases your combination office, playroom and craft room isn’t going to make people want to sign on the dotted line.

 

Even though rooms like this make sense to the homeowner, they don’t appeal to buyers. On a walkthrough of your home, buyers need to get a clear sense of how they’ll be able to use the space. Combination rooms do not work. A buyer can get confused by the room’s purpose and may well not know what to do with the space – even if it’s pretty obvious that they can use the space in any way they want to just as you have.

 

In order to stage your combination room, you first need to decide what type of room you want it to be. Spare bedrooms should be staged as bedrooms. Bonus rooms should have a clear focus. Home offices are very popular these days and you can’t go wrong with giving your potential buyer a place to house their computer and important paperwork. Craft rooms and indoor playrooms are also another good idea for single purpose spaces, but they won’t appeal to as many people.

 

Once you’ve declared the purpose, you need to move all furniture and items that don’t meet that purpose out of the room. Since you don’t want to clutter the garage with more junk, you should put your extra furniture in storage while you are selling your property. This little bit of inconvenience can make a huge difference in your selling price, so it’s well worth the rental cost.

 

Design your new single purpose room with a lot of space to walk through. Buyers like rooms that feel big and open. If you are making your room into an office, use a single desk with a computer and perhaps one other piece of furniture. Bedrooms should be furnished with a single bed to show off the floor space.

By declaring a purpose for a room you eliminate confusion for your buyers and give them a clear idea of how they can use the space. This investment of your time and energy can make a huge difference in your selling price.

 

For more information on how you can sell or rent your property visit the Property Direct From The Owner website at http://www.propertydirectfromtheowner.com See us featured in this month’s ‘Living Spain’ and ‘The Good Property and Holiday Guide’ magazines or visit us at the Palacio de Congresos de Estepona on 28th/ 29th November.

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Invest In Property Overseas - www.propertydirectfromtheowner.com

Tuesday, October 13th, 2009 | Property Direct From The Owner News | No Comments

Property investors who want to buy property abroad are looking to benefit from the global recession. Dubai, earlier deemed unaffordable for most, is now being looked at as the most sought after destination for purchasing one’s dream home. United Kingdom, Singapore, Australia and New Zealand are other places already established as hubs for the investor - inviting professionals to invest with the intention of finally settling down there.

 

1 Clarity of purpose. However, it has to be clarified that the law nowhere provides that possession of property abroad would be a conclusive passport for purposes of immigration. Under the laws of UK and Australia, there are no guarantees for a visa or citizenship for an outsider buying property. Thus, realising the purpose of such an investment is important. If it’s for immigration, it is certainly not the most viable option. However, if your children study abroad or you have a business to manage there and are a frequent visitor abroad (for some reason), then investing makes absolute sense.

 

2 Personal due diligence via the internet should be adopted at the initial stages to collect information about the countries one is considering, that is, their climate, cost of travel, frequency of flights, stability of economy and other factors.

 

3 The taxation law implications of different nations vary considerably. There are four main considerations here, namely, taxes payable upon purchase of property, ongoing ownership of property, renting of property, including income tax and sometimes extra non-resident tax and disposal of property. Certain jurisdictions impose heavier taxes on commercial properties, while for purchase of a holiday home or home for rental income, one may have to pay just the domestic taxes. Moreover, there are countries where failure to pay taxes can lead to court action and possible seizure of the property. Thus, a resident interested in purchasing overseas property should declare the income earned from such investment in income tax returns. The purchaser may also have to file a tax return in the country where the assets are held if the local laws so require.

 

These are just some worthwhile pointers when looking to invest in property overseas. A proven place to start when looking to invest in property is the internet. A recent study showed that over 70% of buyers of international property first see their dream investment on the internet. Property Direct From The Owner http://www.propertydirectfromtheowner.com are internet based property portal allowing owners of international property to sell or rent their property with no agent involved during the process allowing the vendor to save thousands of sales fees and rental commissions. Visit their site http://www.propertydirectfromtheowner.com in order to view property currently available or to find out how you, as a property owner, can list your property today.

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