02 Mar '18, 1am

What to watch out for in overseas property investments

Owning a piece or property in a city of your choice is becoming more of a possibility than a dream. But what risks do these overseas property investment harbour? Investing in property overseas has its pros and cons While the yields from a sterling investment can be substantial, so can the downfalls from a bad one, even if it may not seem so at first glance. Grenfell Tower fire Picture: Wikipedia Take the recent Grenfell Tower fire tragedy in June last year for example. Fire hazards, often unbeknownst to foreign investors, is but one growing concern. And a rather big one for that matter. Should the property be found to lack the necessary fire features or be using unsuitable building materials, landlords may be left to foot the hefty repair and maintenance bills. It might also affect rental and future sales potential. Scams hard to detect from a distance The expression “too ...

Full article: https://www.iproperty.com.sg/news/what-to-watch-out-for-i...

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