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How to Manage Your Overseas Property

People mainly buy for sentimental, leisure, or investment purposes

People mainly buy for sentimental, leisure, or investment purposes Source: Flickr

Investing in an overseas property could put a big dent in your bank account if you overlook the risks


If you do it right, you could end up with a comfortable home away from home or a winning investment property at your favourite holiday destination.   

As chair of the Property Investment Professionals of Australia, Ben Kingsley often gets asked about overseas investment. It's something he cautions against due to the long list of things that could go wrong for buyers operating in an unfamiliar territory.

John Tripidakis is a lawyer based in both Australia and Greece. His clients mainly buy in Greece for sentimental, leisure, or investment purposes. He advises paying attention to the different ways things operate offshore.

Also, you should find qualified professionals to outline immediate and annual costs, ways and frequency of communication, right from the start.


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