Currently viewing the tag: "overseas property"
How Do People Do Amazing Property Deals With Such Success?

How Do People Do Amazing Property Deals With Such Success?

What Price Would You Place On

Property Investment Success?

Successful people spend a fortune on their education – not only when they go to university, but afterwards too. No matter what job or profession you’re in, education will always be major part of progress and success.

If you’re employed by a company, many of these training sessions can often be funded by the employer, but if you’re self-employed, any courses or educational opportunities taken are done with the aim of getting something that will benefit your business and bottom line at the end of it, as well as continued personal development (CPD).

Property investing should be viewed in the same light.

If you go off and start purchasing investment properties as you would your family home, then there’s a fair chance you’ll either lose money on every property deal or tie up more of your finances than you need to, and that is where education can play a key role.

Would you like to know how truly successful people do the amazing property deals they do?

Simon Zutshi is offering serious property investors the opportunity to take a peek behind closed doors at some of the training usually reserved for his property mastermind delegates.

This offer has been snapped up by property investors who are really serious about taking positive action and making 2014 their year, and this morning we have been informed that tickets to personally attend the live Mindset Workshop in Birmingham this Sunday 19th January 2014, have now completely SOLD OUT.

Nothing is more expensive than a missed opportunity!

Although attending the live event has been incredibly popular and physical places have SOLD OUT, it is not too late for property investors to benefit as you can still subscribe to the live online stream.

Click here now to watch this short video to find out what it is all about:

If you are not getting the results you want in your property investing, you need to watch this video and find out how you could benefit from participating in this live online stream on Sunday 19th January. Click here to watch this video now.

In case you don’t know who Simon Zutshi is, he is the founder of the property investors network, now in its 10th year, author of the Amazon best-selling book “Property Magic”, and has been teaching people how to successfully invest in property since 2003. He is very knowledgeable and regarded as one of the UK’s TOP property investment educators, so if he wants to share some valuable information with you, we suggest you take notice!

This is a unique opportunity to have a sneak preview behind the scenes at Simon Zutshi’s massively oversubscribed Property Mastermind Programme.

We highly recommend you take the opportunity to learn from this one off experience, we will be watching the live stream with a great deal of interest and will be taking plenty of notes.

Click here now for more details:

 

Moving Abroad? – Things To Know Before You Go

Moving Abroad? – Things To Know Before You Go

British Citizens Warned To Plan For

The Unexpected When Moving Abroad!

The Foreign and Commonwealth Office (FCO) has issued a checklist for British citizens planning to purchase property, retiring or moving abroad.

Buying property overseas can transform the lives of many property investors, but buyers are warned to take independent advice before completing any overseas property purchases and moving abroad.

FCO staff last year helped a number of British expatriates with a variety of issues, with many people facing heavy fines, financial ruin or finding themselves on the wrong side of the law because they were not fully prepared.

These cases involved issues such as property disputes, bankruptcy caused by changes in personal circumstances, pension complications and unexpected health issues.

A recent FCO report also suggests that high hospitalisation and death rates occur in areas where large numbers of elderly British nationals reside, notably in Europe and South East Asia.

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UK attracting Overseas Property Investors

UK attracting Overseas Property Investors

High Rental Yields Producing Property Profits

Chinese, Malaysian and Far East property investors are buying large swathes of investment properties in the UK as they are being drawn in by strong rental yields and weak economy as the price of Sterling (GBP) is overshadowed by the strong Yen.

This influx of Far Eastern property investors is driving the demand for new build investment properties in the UK’s major regional cities and their appetite for property profit is outpacing demand from Greek, Italian, German and other European property investors who are also keen to snap up property bargains.

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Talk to the RIGHT people

Property bargains are usually in short supply, however this is set to change as thousands of property specialists gather in London for a very special property event.

As in so many areas of commercial life, to find the really good property investment deals it’s not what you know it’s WHO you know that really counts. And the good news is that many of those “in the know” people will be attending this year’s Property Investor Show & OPPLIve – at Excel London, 11-13 October.

So if you are serious about making money from property – and looking to access some of the best “never advertised” deals available today you MUST make a point of attending. So register for free show entry today – then take advantage of our “2 for 1” Seminar Seats Offer.

2 For 1 Seminar Seats Offer
(while seats last)

Presented by some of the top names in UK & International property, this show will feature 70+ sessions over 3 days. Many will sell out before the show opens. To take advantage of this offer, follow these steps …

1. Register online for FREE show entry click here.
2. View the seminars available in this offer. Click here.
3. Complete your booking.

Note: Offer available to online applicants only ‘while seats last’. Offer closes 18.30 on Wednesday 10th October.

“… Since launch 10 years ago this exhibition has clearly established itself as the ‘Gold Standard’ live event for the property investment community. Our readers are savvy investors who know how to identify a good investment deal. This is one event that they will diarise to attend because they know what they will find …” Richard Bowser, Editor,

Show Highlights 2012 – will include…

The new styles of purpose-built student properties are one of the UK’s fastest growing property investment asset classes. They offer property investment at an affordable level with exciting yields and returns. Property bargains indeed!

Many universities simply do not have the resources to address the shortages or deficiencies in student accommodation – this creates the opportunity for the private sector to step in. Among the companies presenting a broad spectrum of student investment at this year’s show will be…

Assetz PLC, Principal International, Knight Knox Student Accommodation, Icon Inc, Pinnacle MC & Mistoria Group.

The continued growth in popularity of the USA as a preferred investment location has been one of the big news stories of the last 12 months. 5 years ago, the investment focus was on Florida exclusively – but times have changed and this show will feature a range of locations including Detroit, Memphis, Chicago, Atlanta, St Lewis, California, New York State and New York city. In fact the show will see one of the largest turnouts by companies promoting US real estate it has ever seen. Plus – a number of US property experts will speak within the seminar schedule.

Live Auction – Friday 12th October

In response to the increasing popularity of buying at auction, the show is delighted to confirm that a ‘Live Property Auction’ will take place within the exhibition on Friday 12th October.

Around 100 lots from across the UK will be presented in conjunction with auction specialist ‘MustBeSold.com’. Graham Penny – well known to followers of BBC Television’s ‘Homes under the Hammer’ auction programme – will be holding the gavel.

Auction starts at 12.00 midday.

The show’s NRI/PIO visitors will be delighted to learn that this year’s event will feature a brand new selection of Indian properties.

A particular highlight is the presentation of 2 major township projects in Gurgaon and Noida.

In addition, a broad range of property types will be available to view, from ‘city living’ in Mumbai to holiday investment in Himachal Pradesh.

One in five holiday-bed nights in the UK is spent on one of 4000+ parks. In fact the ratio would be higher in 2011 but for many parks having to refuse visitors because they had reached maximum occupancy. This trend has not gone unnoticed by the investor community – and many investors have identified ‘Park’ and leisure/Holiday-linked investments as an emerging sector that fits within a balanced investment portfolio. Be sure to speak to sector-leader Haulfryn (stand 212) about the investment options.

www.propertyinvestor.co.uk/london

Property Investors Dream Of Owning Property Overseas

Property Investors Dream Of Owning Property Overseas

Imagine owning Property in Fethiye, a small Mediterranean resort on the beautiful Turquoise Coast of Turkey, or a stunning residence in Tuscany with beautiful sea views. Both have plenty of appeal for holidaymakers and offer a perfect retreat from the hustle and bustle of the daily grind.

Buying property in another country can be a very rewarding experience and an exciting prospect, but the purchased accommodation needs to be able to pay for itself when you are not using it, so do your research thoroughly and purchase wisely!

Many property investors dream of owning their own piece of their favourite holiday destination, but investors should be warned not to let their hearts rule their heads.

It’s crucial to seek the right advice and try not to cut corners. The principles that property investor should stick to in the UK also apply when purchasing overseas property.

Below are a few tips to ensure that purchasing a property in a foreign country is as hassle-free as possible.

  1. 1.   Contracts

Never sign a contract that you don’t understand. If two versions are provided, i.e. English and local language, ask your solicitor to confirm the English version is a true translation, as you need to ensure it doesn’t contain errors, omissions or extras.

Always read the contract. Ensure you are fully conversant with the terms and conditions you are about to agree to.

Specific points to be clear about include:

  • What deposit is required? Is it refundable and under what circumstances?
  • For new properties, what stage payments are required and when?
  • What is included in the price and what is the cost of the extras?
  • Check the due completion date.

 2.   Obtain an Approval in Principle

If you require mortgage finance, obtain an ‘Agreement in Principle’ for the mortgage before agreeing to purchase the property, or before signing any contracts and paying a deposit. This will tell you exactly how much you can borrow and the price range you can realistically consider.

It will put you in a much better position with agents and developers, proving to them that that you’re a serious buyer, and you’ll be better placed to negotiate price. It’s tangible evidence that you can take along when house hunting and it can also lead to your application being fast tracked once you’ve chosen your property.

3.   Valuation

Before proceeding with the purchase (especially with a re-sale property, regardless of age), ensure an independent valuation of the property is carried out, which should point out any problems with the property – e.g. subsidence, damp, wiring defects – and could also highlight any possible boundary disputes.

4.   Legal advice

Seek specialist counsel from an independent English-speaking solicitor who is not connected to your seller, estate agent or developer. If required, you can also consult valuers, surveyors or architects. They should be proficient in your chosen country’s laws and processes and also know the specifics involved in buying a property there.

It’s essential that they confirm to you that all required permissions, licences and planning consents have been obtained. In particular, your lawyer should check that you’re buying a property with the correct title. And that you are being registered as the official owner.

One of the biggest advantages of taking out an overseas mortgage is that the lender will do its own checks on the property, ensuring that a proper legal title exists, that the property is registered in the buyer’s name and that a valuation of the property takes place.

5.   New build properties

If buying from a developer

  • What’s their track record?
  • How long have they been trading?
  • Are references available from previous buyers?

Check comparable properties in the area and any re-sales offered on the same development.

If the developer mentions ‘rental returns’, what are these based on? Check they’re feasible and have been achieved in the past.

Before making any commitment to purchase, allow for a cooling off period, just in case you see a must-have property and are tempted to put down an instant deposit.

6.   Research

Conduct thorough due diligence and research on local facilities and transport links. People gravitate to locations with a nearby airport, (especially if it’s served by a budget airline), but remember there are no guarantees that cheap flights will continue indefinitely to any one location. Proximity to basic facilities like restaurants, shops and a beach are also important.

Talk to people who already live or own property in your chosen area, to get a better understanding of what it’s like to live there. Also consider the property off-season, many resorts are seasonal and virtually close when the tourists return home.

7.   Exchange rate fluctuations

Even small changes in exchange rates can make a big difference to

  • The purchase price of your property overseas
  • Monthly mortgage payments
  • Future rental income.

Consider the benefits of financing your property with a mortgage secured in the local currency – e.g. if you’re planning to rent out a European property through agents local to the property, the euro income can be used to service the monthly euro mortgage payments, avoiding any fluctuations in currency.

8.   Local money

Open a bank account in your chosen country and, where relevant, ensure you obtain a Certificate of Importation for the money you bring in from your home country.  

Set up standing orders in your local bank account to meet local bills and taxes. Failure to pay your taxes in some European countries such as France, Portugal and Spain, could lead to legal action by the Government authorities.

9.   Tax

Check the inheritance and capital gains tax laws of the country where you are buying. For example, in France your children automatically inherit rights to your house; your estate may not automatically pass to your spouse and you may, therefore, need to compile a separate will.

If you take a mortgage out on a property in France or Spain, it may reduce your inheritance tax liability as there is a debt on the property. If you rent out your property you will be liable for income tax.

Seek professional tax advice so that you’re fully compliant and to take advantage of all the possible deductions.

10.    Extras

Bear in mind that bills don’t end at the asking price. Solicitor’s fees, local and national taxes, insurance, etc must all be met in the host country and can often add at least a further 10% to the cost of acquisition. Ensure you are aware of the costs charged by the legal and Government authorities for purchasing a property in your chosen country.

There Will Never Be A Better Time To Invest In Property

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