Buying Property Abroad

Building a Property Abroad

Some people choose to buy land and then build a property abroad, rather than buying an existing home.

Building your own property abroad is a challenge, but if it is approached in the right way and with careful planning, it can result in the holiday home of your dreams.

If you are considering building a property abroad, then you will first need to find a suitable piece of land. You can go direct to a land agent in the country of your choice, or you can talk to an agent in the UK. Agents who sell property abroad will also usually be able to handle the sale of land, and you should talk to several agents both here and abroad to find out what the best options are in your chosen location.

Buying the land

When you have found a piece of land that suits you, make sure that you have a good solicitor to help you handle the purchase. The legal requirements of land purchase can be complicated, and vary from country to country, so good legal advice is vital.

Finding contractors

If you haven't already got plans for your building, you will need to hire an architect or surveyor who will be able to design and plan your property abroad. Building contractors need specific drawings to work with and you should make sure that you find someone who can translate your ideas into a workable building plan.

The architect or the land agent should be able to recommend reliable contractors. Bear in mind that in some resorts there are a lot of development projects running at any time, so you may have to wait for good contractors to be available. You will also need to appoint a project manager, unless you are going to be staying near the site for the duration of the build. You will also need to check the situation regarding supply of utilities such as water and electricity to your site.

Finishing the job

Once your home is completed, you will need to check with your solicitor about any further legal duties you have as the owner of a newly-built home. Making sure you comply with legislation or regulations now could save you trouble later on.

Building your own property abroad is a big project, but one that can be very worthwhile if it is handled responsibly.
 
More information on buying property abroad:

Researching buying a property abroad  Why buy a property abroad?  Points to Consider when buying a property abroad  How to finance your property abroad – various options and likely costs  General tips for buying a property abroad  Buying a property abroad with friends  Choosing your new property  Could buying a property abroad secure your future  Insuring your property abroad  Buying property abroad as an investment  Living permanently in your property abroad  Maintaining your property  Property abroad - don't stop at Europe  Property abroad - FAQs  Renting your property abroad  Tax and your property abroad  The responsibilities of owning a property abroad  The true costs of an overseas property  Viewing your property abroad  Legal considerations when buying a property abroad

• Request a quote for an overseas mortgage
• Enquire about currency exchange
• Get a quote for equity release
• See how much your endowment policies are worth
• See how much you can spend by remortgageing
• Appoint a UK legal representative
• Get a quote for overseas property insurance
• Find an overseas property