Overseas property buyers 'should be careful'
Property investors who are purchasing a foreign residence have been told to act exactly as they would at home.
The Association of International Property Professionals (AIPP) told prospective buyers that they should not acquire a home in the UK without following a number of rules.
For example, it stated that people use a lawyer throughout a domestic purchase, broadly understand the legal system and know the culture and language.
Therefore, the organisation has urged buyers to do exactly the same when buying abroad, as extra problems could arise in the event of a language barrier.
Paul Owen, chief executive of the AIPP, commented: "The way you buy property overseas should be at least as careful as when you buy in your country."
He added that investors also make sure they can afford the residence they are interested in buying.
According to figures from Cater Allen Private Bank, more than 2 million Britons currently own a foreign property.
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