Monday, August 15, 2011

Should you invest in overseas properties?

As the writer wrote, you can see there are so many advertisement nowaday for investment oversea, especially in weekend newspaper. Most of the sales/exhibition are held in 5-star hotels....

Actually, other than the low prices, there are not many plus points about them. The negative
points, however, are plenty!

There are some restrictions – maintaining green belt is one – that prevent certain lands around London Heathrow Airport from being developed. So while you can buy the land but as it will take years to be developed – if it ever will – it means that your money will be stuck there.

The costs of hiring agents, lawyers and property managers overseas are not cheap.

Another trap is the high property taxes.

There is also a huge over supply of properties

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