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Expatriate Medical Insurance News: 'Perform research' before buying foreign property

Expatriates relocating abroad and buying property ought to conduct plenty of research before they make a purchase..

This is according to Expat Focus marketing manager Lindsay de Feliz, who said it is useful ensuring the area that has been chosen is the best one for the individual.

She suggested renting a home for six months to ensure the location is right before buying real estate.

Furthermore, expatriates ought to ensure they understand all of the new country's laws, especially those dealing with inheritance and taxation, as well as any rules that relate to foreign individuals, the expert stated.

Ms de Feliz also recommended finding a "good and honest lawyer" when buying a house, as well as getting paperwork and contracts translated to English.

She advised people to carry out a survey of the structure and to speak with neighbours to determine if there are any problems that have not yet been noticed.

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