of the biggest considerations when deciding upon
making an investment in property is always going
to be the location. You will find some investors
that will only buy an investment property within
a certain radius of their location and you will
find some that will buy in all four corners of the
world and then of course you will have some investors
that will do a mixture of both and take a spread
risk element to their investing strategy and portfolio.
is a critical element to your choice of property,
because not only do you need to consider things
from the pricing point of view, you also have to
consider the logistics of managing your property.
a financial point of view you need to consider:
As you can see, from a financial point of view there
are various considerations but you also need to
think about the logistical side of things.
you are local to a property you can almost be in
full control, with or without a letting agent allocated
to manage your portfolio for you. When the property
is located overseas then the chances of your visiting
that property regularly are going to be slim and
this means that you can not keep on top of the little
things that can quickly become issues if they are
properties will also have very different rules when
compared to buying in the UK. The purchase procedure
laws will be very different and you also need to
consider things like the laws that would control
evicting a tenant or what would happen legally if
a short term renter destroyed your property after
having a party for example.
in your home country is always going to be easier
from a legal and logistical point of view, after
all, you will know your own country's laws and you
will be able understand the state of the market
much better. From a financial point of view it is
usually far more costly to buy in your own country,
which is why so many people do invest overseas.