HOW FAR WILL YOU TRAVEL?

Ease of access is an important consideration for buyers, whether that’s by plane, train or automobile. For some, a five-hour drive might be part of the adventure, however is that something you are willing to do on a regular basis? Some routes may only operate seasonally, which is a limitation if, for example, you want to escape the winter weather. If being able to hop back and forth is important, you could consider areas that are served by more than one airport, such as Pisa and Florence for Tuscany or Girona and Barcelona for the Costa Brava.

CHECK OUT THE DETAIL

Some online listings may appear light on detail. Because properties used as second homes are empty at times, for reasons of security, or privacy, the information advertised can be limited and maps often don’t show the exact location. Publicly available floor plans are also a rarity in some markets.

Technology allows would-be purchasers to carry out a lot of research prior to viewing, but don’t forsake developing a good dialogue with a local agent. Not only can they fill in the detail that may not be available online, they can help you identify opportunities you may not have considered. It can pay to be open-minded if they suggest things that are just slightly out of scope or seem different to your brief – I remember a client looking for a house in Rome who ended up buying in the environs of Florence.

UNDERSTAND THE AGENT’S ROLE

When it comes to agents, UK buyers may be surprised to discover that the role may not be what they are used to. In Italy, for example, the agent doesn’t only represent the seller but is a mediator tasked with finding a solution for both the buyer and the seller with both sides paying agency fees. In the US, each side is usually represented by a broker, and a buyer’s broker can access all the opportunities in the market.

THE RENTAL ROUTE

Even if the ability to rent your property may not be your primary driver at the time of buying, the flexibility to do so may be valuable in the future. Be mindful of rental regulations, that can vary from country to country and from city to city. In certain markets, Mallorca, for example, a property must be licensed for touristic lettings – this will be evidenced in a sales listing, as it is an added value. In other markets, you may need to structure your purchase in a certain way if renting is your objective. 

If you are thinking of buying overseas, we have tools to help. Our Buying Guides provide an overview of most popular locations, types of properties on offer, helpful information on settling in and local life, and an overview of the purchase process and related costs.  

Further information

Contact Jelena Cvjetkovic