It is already hard to buy a property in a well developed place, when you are actually living there in that place. But buying the property for expats from outer side of that place if harder enough.
Then, when you’ve found the ideal place, the next hurdle is sorting out an expat mortgage to buy it. In fact sorting out the UK finance for any kind of expat property deal is as important, if not more important, than finding the property itself. After all, it’s only when you have the finance agreement – if only in principle – that you can begin to negotiate in earnest.
This is hardly surprising given that the only real estate companies on the ground in the bulk of Aussie expats hubs are project marketing companies selling over-priced off-the-plan Australian property to overseas markets. While expats are generally savvy investors and understand that off- the-plan property is not in their best interests, some are desperate to capitalize on the falling dollar and in the absence of quality advice and property options, settle for second best and fall prey to these purchases.
It is important to remember that effective investing and property portfolio management for expats is no different to that for people living in Australia, particularly if their affairs are being managed by a specialist property investment advisory company, such as Performance Property Advisory. Unlike your traditional property managers, we also ensure properties are inspected four times a year, builders conduct a maintenance report every two or three years – frequency of inspection that should put the minds of any concerned expat investor at rest.
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