It says that while buying property abroad is a dream come true for most people, sadly some horror stories abound.
For example, buying a property without a survey to find that it floods every year. Finding an idyllic property in the winter to find that in the summer it becomes a loud and noisy beach property. Or a promised mortgage never materialising, not to mention legal and property buying systems abroad and some of the dodgiest deals under the sun.
Neil Lewis from propertysecrets.net, himself an experienced overseas property investor, says: “If you get your fingers burnt buying abroad you certainly won't be the first and nor will you be the last.
“It's easy to get seduced by the warm weather and buy a property without doing your homework first – you can easily trip up or make a mistake if you are not well prepared.”
However, the website has come up with a guide book for would-be overseas property investors.
It includes viewing the property, checking out a location abroad, tips on financing, legal steps, what to do if you want to rent as well as suggestions on maximising property capital and investment return .
Lewis adds: “Buying a great property comes down to three things - knowledge, skill and practice. At the end of the day, while we cannot help you with the practice we can guarantee that this short book will – in a matter of minutes – make a massive difference to your skill and knowledge of buying property abroad.”