To buy real estate is not so easy. This process involves broad range of measures both before a purchase and sale transaction, and executing a transaction.
If you decided to buy or rent real estate, your first step is property search.
With this end in view you can use Internet and specialized publications or
visit thematic exhibitions. The best way is to make use of property finder
To sale the UK property is not so easy. This process involves broad range of measures both before a purchase and sale transaction, and executing a transaction. There with the UK properties are a safe investment and even though you do not want to live there, the UK real estate properties are considered to be a successful investment. In the UK there are two basic types of tenancy: leasehold and freehold. In the first instance you can sell your home and land. In the latter case you can find property and your right to use the building is limited to a certain period. Prices house sold in leasehold directly depend on the remaining period of leasehold and this period can be even more than 115 years. Of course, freehold is more profitable than leasehold. But the problem is lack of property for sale in the UK. If you looking for houses for sale, you have to take into account accompanying costs. They are a stamp duty, which varies from 1 to 7 per cents of property price, contract notification, legal fee, property finderís fee, etc. If you look for property to rent, be ready to pay taxes, too. Foreign citizens have the right to buy and rent any type of property. British legal system does not impose any limitations on foreigners buying property there.
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