Where should I buy abroad?

Jul 30th, 2018, 05:59 AM
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I think our OP just dipped in here on a whim and won't be back.
kerouac is online now  
Jul 30th, 2018, 08:50 AM
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Originally Posted by kerouac View Post
I think our OP just dipped in here on a whim and won't be back.
Not necessarily. When someone is new, posts their are limited meaning they can't return immediately.
janisj is online now  
Jul 30th, 2018, 09:04 AM
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I think @kerouac may be right, the OP may have disappeared. We will see if there is a response.

I'll throw in my 2 cents. Like the others mentioned, renting is a completely great strategy. We decided to buy when the Euro/USD dipped and focused on the countries lining the Med. We've traveled up and down the coasts and tried different areas. Eventually we settled on the Cote d'Azur and Sicily, and ended up on the former, in Nice, despite the much higher costs. We hired a property consultant that helped narrow down specific areas and navigate through the process of purchasing and setting up a household. Some factors we considered for holiday buyers that others have not mentioned: how stable are the economic systems and purchase process for foreign buyers, are services for maintenance and upkeep for remote buyers readily available, how is the off-summer rental market, what's the area like in the offseason in case you want to use it, is it foreigner-friendly, are there medical services nearby, is public transit an option, and if we do change our minds or circumstances change, what's the net loss when selling (and are you comfortable with that).

We use our flat part-time and the rest of the time a turn key management firm handles everything (and generates a profit).
gooster is online now  
Jul 30th, 2018, 09:17 AM
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I joined recently and was limitedt to 2 posts a day, and no url.
Maybe OP will be bacl in a few days. Meanwhile OP got the usual answers : you sure it is a good idea ? you rich ? you speak language ? etc.
We have a secondary house in southern France and nobody would care if my neighbours spoke English and no french at all. Provence is overloaded with English speaking people, mostly Brits and nobody cares and they get along fine. With kids that age I'd just make sure the house has a swimming pool and is in good condition as you won't want to start doing renvoation work for holiday.
That said, I would choose along the beach as kids love it or close to a lake, and the kids would take sailing lessons. My own kids brought me home some englishspeaking kids from saling lessons...
I would not go into remote places, as the kids will eventually grow, it seems they all do, and they'll want to stay home instead of accompanying their parents once they reach age 15 - 17. If they can be motivated to have fun the way young people have fun, they might till come along. If not they'll just stay with their friends or drag their feet.
My 2 cents.
thibaut is offline  
Jul 30th, 2018, 09:19 AM
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Another caution. You might want to make sure that rentals of property by non-resident owners are legal.
Envierges is offline  
Jul 30th, 2018, 10:19 AM
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Why not rent? Try out a few different places that interest you. See how things go for your family. I see zero advantage to making a major real estate purchase in a place you know nothing about!
suze is offline  
Jul 30th, 2018, 11:19 AM
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Thanks guys......OP here. Yes I was restricted to two posts in 24 hours. Sorry I asked the question the way I did. Clearly it has stirred vitriolic emotions regarding how stupid it would be to buy somewhere based on feedback from an internet forum that I'd just joined that day. There's me thinking I'd have bought something by now if one of you had just done the decent thing and told me where I should buy (that was irony.....just in case).

I thought it was clear that my thread was intended to solicit responses from people who had fallen in love with places they'd traveled to but clearly it was interpreted quite differently. Perhaps I should have asked where people have enjoyed so much that they keep going back and why they love said place so much. I'll rephrase my question and post it again on this forum and see how I get on. If anyone tells me I should just go and visit places I like (which presumably I've not been to yet) or that post Brexit I might as well just throw away my passport then I'll just take it on the chin and put it down to experience.

Thanks though to the few of you that actually gave their 2 cents worth on places they like so much.....I'll look into them and see if any of them warrant further research.
gklmr is offline  
Jul 30th, 2018, 12:11 PM
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stirred vitriolic emotions

hardly -lol!

You didn't ask. But I did say. I adore Puerto Vallarta and have gone there twice a year for many years and plan to retire part-time there. But I would never purchase real estate in Mexico. The list of why I love that place is a mile long! But it is not 3 hours from London or anything like what you want for your family.
suze is offline  
Jul 30th, 2018, 12:21 PM
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Paris would be my choice.
KTtravel is offline  
Jul 30th, 2018, 01:23 PM
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Paris was mine. Twenty years later, I'm not a bit sorry.
Envierges is offline  
Jul 31st, 2018, 01:38 AM
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What Thibault says is very true. Once your children are teenagers, they don't want the same thing as when they are small.
We loved being on the Cote d'Azur; so much to do and see and close to the airport in Nice. You may not want all your friends to come over, but once your children are a bit older, they may not want (or be able to) spend a month there, so will fly in and out.
And if you are not retired, one of you may have to fly in and out to work as well. I have friends with property near St Tropez, where picking up family members from the airport is a quite a hassle.
Small kids are happy with a pool or beach nearby, teenagers want to be able to go out by themselves occasionally. If you are in the middle of nowhere, that can be difficult.
Which is why I recommend renting rather than owning - until you find somewhere where you may want to retire.
I'd recommend somewhere like Valbonne or Mougins or Vence.

If you let your property while you are not there, consider the local tax implications (and your own tax liabilities at home) as well as the rules for short-term lettings.

Make a financial overview to see if it makes sense, including cost of mortgage, local taxes, utilities, renovations, local staff (cleaning, garden - and you want someone keeping an eye on it when you are not there for long periods) etc and see what you could rent for that amount. If you are going to spend 3 months a year there, it may make sense to buy, but I would only do that if you know the area well and know for sure that you are going to be happy there.
Tulips is offline  
Jul 31st, 2018, 03:58 AM
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I'd like to be able to recommend the two areas we love, the Orne and the Mayenne, but I don't think they meet any of your criteria. They are lowkey, pretty much untouristed, and unexciting. But to us they are full of interesting places. I think one key thing is how your kids integrate. If there are kids their age living nearby and they can make friends, they'll love being there, wherever you end up.
Coquelicot is offline  
Jul 31st, 2018, 04:53 AM
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Lot of clap trap written about what will or will not happen after Brexit.
Way before the UK joined the EU The Brits were flying, taking public transport to mainland Europe. Even driving their cars abroad. Brits even purchased property.
Maybe after Brexit you will have to go back to the same the same processes as prr-EU.That is nothing onerous. That would make it seem as if you were really going to a foreign country. At one time there used to be a limit to the amount one could exchange before you went on vacation. I do hope that that will not be reinstated.
Brits still purchase property in the US, Caribbean too.
ribeirasacra is offline  
Jul 31st, 2018, 06:17 AM
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At one time there used to be a limit to the amount one could exchange before you went on vacation.
Yes, as I recall when I first came to England back in the late 60s the maximum one could exchange or take abroad was £50! I believe that was what helped kickstart the package holiday boom, because most of your expenses were paid upfront. A Google search will find lots of hits on the topic, including https://www.telegraph.co.uk/news/ukn...ncy-limit.html
Heimdall is offline  
Jul 31st, 2018, 07:05 AM
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vitriolic; I think you have not seen vitriolic ;-) good luck with whatever you decide. My friends wanted bring their kids to the same place every year for holiday so that they, the parents, felt they knew where they were and that they were safeish. It seems to worked for them.

I grew up sailing from port to port so every marina was my play area, it makes some sense.
bilboburgler is offline  
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