Buying a Property in Eastern Europe for Dummies by Colin Barrow

By Colin Barrow

This is often the main finished consultant to estate funding in jap Europe on hand. even if you are purchasing a moment domestic or seeking to make investments, the clever funds is heading to japanese Europe. Plan each point of your private home funding with this professional consultant that walks you step by step during the estate industry in 14 international locations and is helping you weigh up the rewards and the dangers of selecting one position over one other. protecting the procuring techniques, legalities, taxes, economic climate, tradition, way of life and company possibilities in each one kingdom, estate specialist Colin Barrow offers insider tips on how to assist you make an educated selection and a sensible funding. Colin Barrow has an intensive history in eu estate and works throughout a various diversity of similar industries. He has researched such a lot overseas estate markets and has first hand event of shopping for, development constructing and promoting over 2 hundred houses in in another country markets.

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Try to deal only with established estate agents with a strong track record in the country or countries you are most interested in. com). webcei. com), which offers a full A–Z listing of members. Working with a house hunter If you can’t spend much time travelling around Europe, you may consider employing the services of a person or organisation to do some of the legwork for you. House hunter seems to be the common descriptive term for this sort of service. They don’t replace the estate agent; rather, their work is complementary.

Com/property/international has links to 270,000 properties for sale or rent, covering all the countries in this book. com) offers strong listings, primarily in Turkey and Cyprus, but its scope is extending fast. com is a family-run business set up by Les Calvert and features more than 28,000 properties in more than 42 countries, including Bulgaria, Croatia, Cyprus, Czech Republic, Hungary, Malta, Poland, and Turkey. com was founded in 1999 by Dan Johnson. The site started life as a simple guide to the buying procedures for residential properties in the UK, but with 200 partners it now covers buying guides and property listings for nearly 100 countries, including all the countries this book talks about.

Banks and other lending organisations back a property investment as a matter of course rather than requiring extensive persuasion to extend funds, as for other wealth-creating activities, such as starting your own business. And with that borrowed money, you can acquire an asset 10 or even 20 times the value of the ready cash you have to hand (see the section ‘Understanding the gearing effect’ later in this chapter for more information). So as a property investor, you enjoy a growth in value of the whole asset for just a fractional downpayment.

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