Property for sale in
Bulgaria, Portugal, Spain, Tenerife, Turkey -
Frequently Asked Questions
Buying your new
property in
Bulgaria,
Spain,
Tenerife,
Portugal, Cyprus or Turkey is a big decision to make. Whether you
are looking for a holiday home for yourselves, or a property
you can let out when you are not using it, or indeed an investment
property, you will find an enormous selection of properties for
sale in Bulgaria, Spain, Portugal, Cyprus, Turkey and Tenerife,
in both the lesser known and the more established
areas.
We have noted down some of the most
frequently asked questions;-
1. We have noticed that prices are
increasing, and we are not quite ready to buy yet. Is there
anything we can do to hold the price as it is
now?
You could always go for a new build as you
would only have to cover some stage payments before you were ready
to pay the full price. This is best discussed thoroughly
first though, as once you have signed, you are comitted to buying -
whatever your circumstances.
2. We would need to sell our
UK home to raise the cash to proceed. How can we
buy?
As explained in the previous answer, in
order to go ahead with your purchase of a new property you will
have to have a certain amount of monies available for the first one
or two stage payments (depending on the developers stage payment
structure), before completion. The balance can be paid when
you complete. If you do not have the finances arranged for
this you could always consider selling your UK home first and then
looking for a resale property to buy in Spain, Bulgaria, Tenerife
or Portugal, and renting while you look.
3. Are viewing trips the best
way to see an area?
When you are at the stage of
seriously looking to buy property in Spain, Bulgaria, Portugal then
a viewing trip is a very good way to see a specific area, as you
will generally have the use of a person with masses of local
knowledge who will be able to show you things and places that are
relevant to you.
4. Can I rent out my property when I
am not using it?
Yes, you can of course rent
out your new property. You can be introduced to rental agents
while you are on your visit to buy your property. As with the
UK, it is generally better to go to the local rental agent closest
to the property you have bought. You can generally locate a
management company who will assist with all aspects of the rental
of your new property.
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