The video outlines key information that people need to know before buying a home overseas. FCO staff join industry experts, from estate agents and overseas property lawyers, to foreign exchange companies and lettings agencies, to provide first-hand advice on buying property abroad.
A number of British people who have already purchased a property abroad also take part in the video to share insight and advice based on their own personal experiences. They discuss topics including mortgages, London house prices, property lets, foreign exchange, tax, legal advice, and general administration.
Caroline Roberts, Chief Executive of BuyAssociation, says: “There are so many apparent bargains on the market at the moment, and it’s vitally important that [consumers are] not tempted to buy something solely because of the price or the discount. It’s even more important for them to do their homework and ensure they’re buying the right property for them, at the right price and in the right location.”
Sher Houston from the Know Before You Go team at the FCO says: “Buying overseas is a dream for many people in the UK. The Foreign Office strongly encourages those thinking of buying an overseas property, for whatever purpose, to research their destination thoroughly, take independent advice, consider their personal circumstances carefully and plan for the long-term.”
The online video, covers the vital issues that should be considered during the buying process. It will be edited regularly so that it remains factually correct and accurately reflects market developments.