The Most Common Mistakes When Buying Property in Another Country

The biggest one remains using the agent’s recommended lawyer. The agent is paid on completion, which differs from looking after your interests. Separate legal representation costs a small fraction of the purchase and is money well spent.

Signing buying property in sardinia a language you do not speak comes a close second. A sworn translation is a small expense set against the purchase price. Verbal assurances mean nothing when the written text differs — the document governs.

Purchasing off-plan on trust has damaged a great many buyers. Before any payment, look at what the company has already delivered, the planning approvals, and whether payments are held in escrow. Late deliveries happen frequently with even the best developers; unfinished projects are less common but far worse.

Thinking only about the purchase is a subtler error. Every purchase has to be sold or la mata property investment passed on at some point, and the next buyer decides what you get back. A unit that only appeals to foreign buyers sells slowly when sentiment turns.

Finally, a lot of buyers fail to plan for the annual paperwork. Annual declarations can be required even when the home sits empty, and overlooked notices attract charges that accumulate quietly. Putting in place a local accountant from the first year heads off most of it.

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