Overseas property is a huge market, and an ever increasing one. Some buyers wish to have a holiday home for those cold winters at home, others want to make an investment, buy a villa in the sun to rent out in the holidays. With brand new villas, second hand cottages and even empty plots of land, the choice is vast.

It is advisable to be aware of some of the important factors before buying property abroad, as there are a lot of horror stories of first time buyers abroad with cowboy builders. Once decided on the location and the property, it’s a good idea to have a good lawyer, one who can speak the language of the country you are buying, as there are many legal issues you might not be aware of when buying the property, such as hidden taxes that are not applicable in the buyer’s home country. However if careful, many can enjoy their holiday homes without any trouble and some find them to be a great investment. In 2010, it was reported that Brazil was top for Overseas Property investments, with a fast growing economy and a lot of inward investment; many are now considering buying property in this hotspot.  Nonetheless it is advisable to those about to invest in property overseas to research the investment thoroughly before buyers find themselves waist deep in debt. A recent survey suggests that around 500,000 British citizens live abroad in a second home for part of the year either for work or to escape the British weather.  Others choose to relocate overseas permanently, what with spending cuts and increasing taxation at home, with an estimated 5.5million live abroad permanently.

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