Buying Property Abroad: Now a Reality!

The past decade has seen a tremendous rise in the popularity, purchase and hype of Buying Property Abroad. In the starting of 21st century, the world has witnessed the sudden surge in the house prices in hot abroad real estate countries, with UK recording the highest.

The Abroad Real Estate Scene: From Past Decade to the Present The fat pay cheques together with the low cost airline destinations and professional assistance has allowed average man easier access to be able to think about buying a property and even living abroad! Nowadays majority of the common men on the street has been on a vacation abroad. Whether on a holiday in UK or USA, we all get tempted seeing the board of a local real estate agent at least to see what all we can afford in that foreign land. However, all we have been doing in the past is only considering the possibilities without taking any possible step towards realising them!

The scene has changed now. For instance, Four years ago the number of properties owned by UK nationals was around 170,000 and now over 1 million people from UK are proud owners of second homes alone in two popular European countries, France and Spain ! According to the survey done by the Office for National Statistics around 200,000 Britons travel abroad every year in search of prospective properties that are worth buying.

However, due to the recent Recession in the world economy, the real estate has suffered a major set back in countries like UK, USA and various European countries, but things are again steadily getting back on track. During the meltdown few other countries has become popular for real estate investments At this time Canada has emergedas a popular real estate country, for personal purposes and prospective investment purposes.

Where and How to Invest in Overseas?

The main question which boggles the potential investors down is "where to buy the house?" It is a difficult question to answer as every individual has a different idea of owning an investment property overseas, which is completely different from others. However, we at Jimco International help you find the correct answer to this tricky

question.

We have charted down a list of selected questions that we ask our clients to consider when thinking about buying property abroad:

• Your Budget: How much are you willing to spend? Will you need a mortgage or finance?

• Location: Is the investment for personal use or for a bright future prospect? Does the location really important for you? You want it to be on a beach, country side or a town?

• Purpose of the Property: A personal holiday home or a purely smart investment or both?

• Size: How big you want the property to be? One bedroom apartment or a four bedroom villa?

• The Nature of Access: Do you want that getting to your property be cheap? Is it very important for you?

• Employment Opportunities: Do you need to consider the employment situation there?

• Schooling: Do you need to think about schooling there for your kids?

• Rent: Is it very necessary for you to rent out your property to help you pay off the mortgage or loan payments?

Getting definitive answers to the above mentioned questions can make the process of buying property overseas a relatively easy and straight forward task. Our rich experience, reliable legal representatives and customer friendly services will help you immensely to buy your dream house. As we always say, our mission is to make your dream property a reality!