Common Mistakes When Buying Property Abroad

The most expensive mistake remains taking legal advice from the other side. The seller gets a commission when the deal closes, which differs from acting for you. Separate legal representation costs a fraction of what is at stake and is money well spent.



Signing in a language you do not speak ranks close behind. A certified translation is a small expense set against the purchase price. Verbal assurances carry no weight if the written contract says otherwise — the contract is what counts.



Buying off-plan without checking the developer has ruined plenty of plans. Ahead of a deposit, examine the developer's completed projects, the planning approvals, and how deposits are protected. Projects running behind schedule happen frequently even with reputable builders; unfinished projects are rarer but much more damaging.



Thinking only about the purchase is a quieter mistake. Every purchase will one day be sold, and the next buyer decides what you get back. A unit with no local demand takes longer to sell in a weak market.



Lastly, konakli property prices plenty of purchasers fail to plan for the running costs. Annual declarations are often required regardless of whether the meljine property prices earns anything, and overlooked notices generate fines that grow over time. Putting in place a local tax adviser at the outset heads off most of these problems.