Buying Property in Eastern Europe by Leaonne Hall

By Leaonne Hall

Extract: Written with the intense investor, second-home patron and everlasting relocator in brain. protecting thirteen nations - together with Turkey, Croatia, Bulgaria, Poland and the Czech Republic - this identify deals suggestion on every thing from estate laws and taxation concerns, to the place and what to shop for and the way to regulate to the tradition surprise of residing out east. estate within the region has already benefited from quick progress and elevated curiosity within the final 5 years. This e-book is written with the intense investor, second-home purchaser and everlasting relocator in brain. overlaying thirteen international locations - together with Turkey, Croatia, Bulgaria, Poland and the Czech Republic - it deals professional recommendation on every little thing from estate laws and taxation matters, to the place and what to shop for and the way to regulate to the tradition surprise of residing out east.

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You’ll need to secure planning permission – something that was virtually guaranteed in the days before EU legislation came into play, but rules have been tightened. • Factor in a cost of between €400–€700 per square metre for renovation. • Remember that this will be a long-term process and may mean months of living on a building site, and it can be a stressful process. New build • It will be fully habitable and ready to live in and you will have the sale completed quicker. • Less stress and hassle.

A list of these and all the exhibitors are available online. Go armed with a list of questions and a large bag to carry all the brochures home in, but beware the seductive spiel of some agents who will try to commit you to a sale then and there. ae Read up on the countries you are thinking of buying in, learn about the geography and culture and get hold of some guide books such as Lonely Planet, Rough Guides and Bradt Guides. Look at the political and economic state of the country and find out what the future prognosis for the property market is.

Do you want to make money from your home? • Do you eventually intend to retire there? • If you intend to sell the property on later, are other properties in the area selling well? Travel • Are the cost of flights expensive? If you intend to rent the property, make sure you buy close to an airport that offers budget flights. • Are you happy to go to the same place every year? • Is accessibility an issue? If you intend to retire there, will it remain just as easy to access when you are older? Amenities • Do you want public transport, shops, restaurants, etc.

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