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An expat overseas property expert has shared his tips on how to buy abroad without getting caught out.
Writing for real estate advice site BuyAssociation, Stewart Andersen described his experience buying a Spanish villa with little knowledge of the country’s property law.
The blogger said he unwittingly bought 1,000 sq m of land with the property, having avoided asking questions during talks with the agent for fear of appearing ignorant.
He reminded similarly unprepared buyers to factor all costs in to their budget at an early stage, including notary’s fees, agent’s commission, the cost of registering the property and potentially taxes to the Land Registry and local town hall.
"The solution to all this is to know your budget, stick to it and if in doubt, ask questions," concluded Mr Andersen.
In related news, a new survey has revealed the most popular destinations for British expatriates.
Commissioned by offshore banking specialist Halifax International, the survey named France as the country with the largest UK expat population.
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