What to look for when searching for overseas property

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When investing in an overseas property it is important to consider some fundamental aspects of the process.

If you are investing with a view to living in the property yourself, it is vital to consider the importance of certain aspects of the area you will inhabit.

Storage: Some properties are built for storage with double garages and large attics so decide whether or not this is important to you straight away. When people are searching for overseas property they often fall into the trap of considering style over substance. You may also be pressed for time given how fast the international relocation process can move, so get a firm grasp on what is important to you in a house straight away.

Transport links: When searching for a new property one of the most obvious and critical points to consider is its proximity to established transport links. Areas such as Africa may not have the most extensive transport infrastructure in place for example. If you do not drive then you will certainly want to make sure that any train/bus which you need to use is as close by as possible. Nobody likes to have an epic journey to work each day as it starts things off on the wrong foot straight away.

Local schools: If you have children, then you will be aware how important it is to consider local schools into the equation. By doing thorough research before you move you can gain a good knowledge of where the best and worst choices might be. It is ideal if you can find a property within a reasonable distance of a few good choices, that way you can give yourself options if things do not work out first time.

Transfer Money to Africa

If you are looking to invest in Africa, think carefully about how you will be transferring money to Africa. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to Africa – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.

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What to look for when searching for overseas property

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