Budgeting

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  • #120667 Reply
    Nycea

    Hi All,

    My wife and I are right at the beginning of looking to buy a property overseas.

    One of the pieces of advice I’ve seen was about working out your budget at the beginning.

    At the moment we have a number of places in different countries in mind. What are the additional costs on top of the property costs that we should keep in mind?

    Cheers

    Johns

     

    #120686 Reply
    SoccerStasia

    Hi John,

    The buying costs vary considerably by country and even areas within a country – local fees and taxes, legal fees, agent fees, registration and/or notaire charges are just some of the common costs.

    As a rough guide if you budget for around 15% of the purchase price you should be ok.

    I hope this helps.

    #121024 Reply
    Tyrique

    Keep in mind that 15% is based on a box standard property purchase.

    If you are going for goldern visa / residency visa through investment, help arranging finance, power of attorney and other services the costs go up.

    T

     

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