Property Abroad Since 2003 Buying a property abroad is a pretty important decision, typically preceded by a period of serious discussions with your partner and a detailed financial calculation. Even at this early stage, it is a good idea to get in touch with a specialist and talk about the possibilities. Explore various locations that could be suitable for […]
Read MoreIf you finally decide to buy, you move to the pre-selection phase where you try to pinpoint both your preferred location and the type of property. The choice of location is typically influenced by several factors: how often do you want to visit the property, how do you propose to travel to the location, whether […]
Read MoreA trip to visit selected properties and locations usually takes 2-3 days. Each day, you will have time to view several properties, ideally 5-7 a day. In most cases, clients decide which property they want to buy already during their first viewing trip. If you do so, you are moving to the next phase.
Read MoreIt is a good idea to reserve the chosen property to make sure that while you are dealing with all the formalities nobody comes in and snatches it. Reservations are typically arranged through fairly simple reservation agreements that include a EUR 5,000-10,000 fee (max 10% of the property price) paid upon signature. The reservation fee […]
Read MoreThe first step in this phase is usually hiring a legal representative who will act on your behalf. Then you will apply for a tax identification number and open a bank account in the country where the property of your choice is located. The lawyer verifies the property documentation and the respective collateral, identifies and […]
Read MoreYou can either sign the notarial deed in person or you can give Power of Attorney to do so to your legal representative or any other person. Once the notarial deed is signed and the purchase price is paid – usually in the form of a covered banker’s cheque rather than by wire transfer – […]
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