Want to invest in property overseas? Ask yourself these questions first

Julie Brownlee, Fsp Invest, 27 Mar. 2014

Tags: investing in property, investing, property, investing in property overseas, overseas property, invest in property, what to check when you invest in property overseas



Buying a property overseas can seem like a good investment opportunity. But it’s also full of pitfalls. So before you commit any cash, you need to ensure you’re making the best decision. Read on to uncover what you should find out before you invest in property overseas…



Do your research before committing to any property investment overseas

Before buying property overseas, there are some critical questions that you need answers too, Dr Steve Sjuggerud and Mike Cobb in Daily Wealth explain.

If you don’t take the time and effort with your research, the whole venture could cost your dearly.

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After all, investing in property overseas means you’re dealing with a different country with different rules to South Africa. When buying property overseas, don’t take anything for granted.

14 questions to find the answers to before investing
  1. How long does it take to drive to the local shops, restaurants and the airport?
  2. What are the roads and public infrastructure like?
  3. Is there an abundance of fresh water and decent water pressure at the property?
  4. Does the property have hot water plumbed in?
  5. How far is the nearest hospital?
  6. Are there any construction and design standards in place which are enforceable?
  7. If the property is in a complex or estate, are there amenities at the property for owners and visitors?
  8. Is there telecommunications infrastructure in place, such as phone lines or broadband?
  9. If the property is in a complex or estate, are the levies high enough to cover maintenance and improvements?
  10. If the property is close to any green belts, what does the future hold for these?
  11. If you’re buying off plan, how will you oversee the build and what’s included in the sale price?
  12. Is the property’s development company financially sound and do they have a good reputation?
  13. Is there a central sewer system in place?
  14. What are the safety and security measures like?
The above questions all form part of due diligence when looking at investing in a property overseas.

Yes, the list of questions is long, but by answering them you’ll have a better idea of whether you’re making a sound investment or not.

So there you have it, the questions you need to ask if you’re thinking about investing in property overseas.


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