Budgeting

General › Buying, Moving, Owning & Living Overseas › Budgeting

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  • 24/03/2022 at 8:28 AM #120667
    Nycea

      Hi All,

      My wife and I are right at the beginning of looking to buy a property overseas.

      One of the pieces of advice I’ve seen was about working out your budget at the beginning.

      At the moment we have a number of places in different countries in mind. What are the additional costs on top of the property costs that we should keep in mind?

      Cheers

      Johns

       

      29/03/2022 at 5:50 PM #120686
      SoccerStasia

        Hi John,

        The buying costs vary considerably by country and even areas within a country – local fees and taxes, legal fees, agent fees, registration and/or notaire charges are just some of the common costs.

        As a rough guide if you budget for around 15% of the purchase price you should be ok.

        I hope this helps.

        20/06/2022 at 7:46 PM #121024
        Tyrique

          Keep in mind that 15% is based on a box standard property purchase.

          If you are going for goldern visa / residency visa through investment, help arranging finance, power of attorney and other services the costs go up.

          T

           

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