This is a true story detailing the case of buying a holiday home abroad is. In describing a real experience of buying an apartment in Spain, we must explain why people purchase real estate abroad and show how to buy property abroad with minimal effort.

Mr. and Mrs. Jones bought an apartment in Spain in 2002 for € 107,000. It is a beautiful three bedroom apartment just 10 minutes walk from a beautiful beach. They had reviewed recently (October 2005) to 155,000. An increase of 45% for three and a half years. The reason they had been evaluated because they wanted to remortgage. In fact, an expert on mortgage company has been involved too conservative, because a similar property next door has recently been on the market of more than 200,000 €. Thus, the actual increase in value is probably even greater than 45%. If the apartment was sold today it would almost certainly bring more than 155,000. The most important point here is that it is much more today. For this reason, the only incentive is enough to buy a home abroad. It is simply a good investment!

The second advantage of owning a home abroad, that the owners stay is free, when they want. All they pay for the flight, car rental, concierge and a payment for the preparation and cleaning.

The third point, and is an important element is that the owner does not pay 107,000 for the property. No, they pay only 20% and borrowed the rest through a mortgage in euros at a very low interest rates. And they must find € 21,400 plus € 10,000 for attorneys’ fees, duties, taxes, etc.> Agents

The fourth point is that ownership is also a holiday home (rental permit short summer and long-term winter), if the owners do not use it. The owners receive income from off around € 5,000 per year, paying the mortgage!.

Thus, in memory, Mr. and Mrs. Jones spent about 32,000 € (21,400 deposit plus shipping) for a home abroad. The mortgage and operating costs are paid by rental income. The owners will stay there if they (usually twice a year, how). In 15 years, when the mortgage is paid, Mr. and Mrs. Jones is a trump value at today’s prices, at least € 155,000. In 15 years it will probably be very valuable, much more!

why people buy a home abroad!

Today, Mr. and Mrs. Jones have their overseas assets to the maximum height at the last assessment based remortgaged. Guess what they are doing today with the release of equity? It’s true! You use it to buy another property in the vicinity of their existing assets overseas. Soon they will be one second overseas property, without spending any money of your own. The first property to paid second job!