Originally Posted by Hud3
No matter where you end up looking, do your research
thoroughly, and use recent sources, as things can change fairly rapidly in some areas of the world. I would also advise you to go to the top one or two spots you end up choosing, and actually live there for a few months in a rental property before buying or building your own place. The rose-tinted glasses tend to fade a bit after a while. Some folks find that they're just not cut out for living in a country so different from what they grew up with. We've seen it happen here.
Good advice from Hud
I would also add research the ownership
laws and occupancy / visa laws and also tax / residency implications, plus property taxes
(local / national / regional)...........and not just internet
"facts" - although very useful to get a handle on your unknowns.........and don't assume anything is like "home" (wherever home is). Especially anything "obvious"
............just like buying a boat is basically the same worldwide, but with (sometimes wildly) differing practices - some norms are even illegal elsewhere.
Might also want to get a grasp of planning laws in some countries - and how "your" property fits in. Over here property just doesn't get built without planning permission (albeit disputes can still arise over what was built vs what was approved
).........in other countries the approach can differ. Spain
springs to mind
But I am sure others.............
And also inheritance laws & taxes
might be worth looking into if a retirement
place. Some countries have forced heirship laws, which can defacto disposses a spouse of the house (I knew a case of Brits in France
). or simply high death taxes that do the same. Might also want to look into whether a local Will also required - as usually dying intestate is another inconveniance (in addition to being dead
) and often expensive.
I would also research the sale
market, the reality of - might not be a question of how much, might be at all - especially if property over designed for a westerner, in an area that is not / no longer attractive to most other westerners - even if you simply love being 10k's from the nearest town up a dusty mud track. that in the rainy season is a river of mud
or enjoy being in town next door to the local knocking shop
In some countries debts can be attached to a house, including for taxes - yours / previous owners. and not just for property related debts - not neccessarily in a way that can be checked.
..............or you can rent
Me? I've got half a hankering (long term) on Malaysia. Not spent a lot of time there, but appeared very civilised - people and the place. Certainly not Thailand (plusses and minuses to that of course
- but I figure by then dull will be the new exciting
BTW not saying don't buy - just eyes wide open.