Want To Buy Property Overseas? Follow These Tips

Bangalore: Owning a property overseas is a dream come true and a challenge for many Indians. For most of the Indians buying a property overseas seems too expensive but the fact is properties abroad cost as much as properties in Indian metros.

Buying property overseas is quite normal for non-resident Indians (NRIs) but nowadays HNI investors in India travel abroad frequently are now getting attracted towards investing in property across the globe. Residential properties abroad can be affordable than premium apartments in top Indian metros like Delhi and Bombay, reports Pritam P Hans of Business Today.

Tips before buying:

Before buying an overseas property, buyers should visit the desired place during both on and off-season. Research on desired place where you want to buy the property or invest as this involves huge sum of money. Ensure that you get all details associated to property transaction charges. Most important is to consult an international property brokerage firm of your own country as well as the place where you want to buy a property. In such property transaction it is better to hire a legal advisor who can guide you throughout this phase regarding legal aspects to avoid further issues in transaction. Also ensure your eligibility regarding passport, visas and regularity in terms of how often you can visit your overseas home.