FREQUENT ASKED QUESTIONS

 

1.         How does Ownership work?

 

You will have the full title deed of the property, that will be issued in the buyers name.

 

2.         What are the annual running costs?

 

The annual running costs depends on the house and its location and which country you buy in. But for all the countries you should calculate on approximately 600.—Euro.

 

3.         Which country’s law are applicable?

 

            The laws are based on each individual country of purchasing a house in. Please contact us for   

            further details on each country.

 

4.         What are the tax consequences?

 

            On all countries you will have to pay a purchase tax on approximately 8 % + lawyer and

            notary. There are no real restate taxes up to a certain amount. Feel free to contact us on this

            subject concerning the different laws on each country.

 

5.                How will our purchase be handled in future inheritance transfers?

 

            Your family wife/children/grandchildren will inherit the property after law if there is not    

            specified a legal document stating otherwise.

 

6.                Who is responsible for the transfer?

 

            In each country the lawyer and notary appointed to the contracted is responsible for the

            transfer.

 

7.                Can we finance our part through the banks with the house as security?

 

            You can finance from 50 – 80 % of the purchase price of the property, depending on

            which country that you are buying in.

 

8.                Is it necessary to obtain insurance regarding the transfer of ownership?

 

            No, insurance is not necessary.

 

9.                What are the entire costs of insurance for the property?

 

            Insurance on a property depends on what kind of requirements you have. But a normal

            Insurance will cost approximately 400.—Euro per year.

 

10.            What is included in the price we pay?

 

            The price is defined as purchase price and transfer duty. So you will get one price on what the

            house will cost and then there will be a sub-charge on this that include lawyers, taxes, transfer and

            commission to the real-estate office. You will also have to opportunity to use our web-site for rental

            of your property, and full after sales service is incl. in the price.

 

11.            Can we as owners let any of our friends or relatives use or rent the house?

 

            Yes, you can rent out your house or let your friends stay there without any problems.      

            Rental income is a way to pay back the installments of a loan. Rentals are normally from

            Euro 100.-- - 300.—per day.  

12.            Can we have co-owner ship?

 

            Yes, you can have a co-owner ship, but this must be stated in the contract / transfer

            on day of purchase.

 

13.            When and how much can we use our house?

 

            There are no limits, the house is yours.

 

14.            Do we own a specific part, or the

           whole land and house?t

 

            You own the hole land that is specified in the contract, as well as the house.

 

15.            What about payments of water,

           electricity and others?and

 

            The easiest way of dealing with your bills is to make a agreement with the bank in the

            country you have purchased a property in.

 

16.          Is internet/broadband installed?

 

           This depends on each destination, we can check this out for you.

 

  17.            Is this a good investment?

 

            Buying houses abroad is never easy. But investment wise, you could buy a gold mine.

            In Greece the restriction for purchasing a property is getting stricter, by investing in the

            Greek Islands you will have a increase on 20 % the first year. South Africa has open

            doors for holiday seekers and holiday home buyers. They have had an increase the last

            Years on 36 %, while |Cyprus is booming of people that is looking for holiday home in a    

            warm and charming country.

 

 

 

 

18.            Is this a good area for property investment?

 

            The areas that we have chosen to sell, are on the top range of the market, and picked

            out to be the best selling areas of the past/today/and future.

 

19.            What about reselling?

 

            We can help you with re-sale of your property, and a normal turnover time is from

            3-6 months.

 

20.            What happens if some of the other co-owners fail to cover their annual   

           expenses?

 

           If there is more than one owner of the house, there must be a written contract between

           the two parties, where this subject should be stated carefully. We can help in setting

           up contracts in cases like this.

 

21.            Are any pf the houses Time share?

 

            NO, we do not sell any time share apartments or houses.

 

22.            What is After Sales Service?

 

            After sales service – is a extra service we give to our customers as, renting out the

            Property, looking after the property, house cleaning, gardening, and much more…..

 

 

Do not hesitate to contact us for further details or other questions related to

Purchase property abroad.