Join Australia's most dynamic and respected property investment community

Buying in Europe

Discussion in 'Where to Buy' started by JMica, 12th Aug, 2015.

  1. JMica

    JMica Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    58
    Location:
    Sydney
    Does anyone have any experience with buying property in Europe ?

    In terms of tax is it very similar or do you have to investigate the details of the relevant double tax agreement, any advice or tips appreciated !

    cheers
     
  2. SeafordSunshine

    SeafordSunshine Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    376
    Location:
    Sydney
    I believe that if you buy in the UK you need to be a permanent resi.
    I believe In France you can buy as an Aussie but then you get slugged with some sort of 'dirty foreigner tax' unless you live there full time.
     
  3. barnes

    barnes Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    674
    Location:
    Adelaide
    Isn't it a bit late to buy in Europe? It was great 3 years ago, when Aussie was around 1.20 to Euro and now it's around 1,50 and going down. Also a lot of markets are stagnating but not falling like they did 3 years ago like Spain, Ireland, Bulgaria, Chech republic. Post Soviet Union markets are crashing NOW, but those countries are not Europe, so I would caution anybody who would like to buy something there, in my opinion it is still not the bottom there.
     
  4. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,123
    Location:
    Kimberley and NZ
    @JMica where are you thinking of buying? Do you need finance?
     
  5. JMica

    JMica Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    58
    Location:
    Sydney
    I'm thinking of buying in my home country (Malta), so I'm obviously biased to that country.

    How would finance work will I need to have the loan from a bank in Malta...
     
  6. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,123
    Location:
    Kimberley and NZ
    Sounds lovely :) Unless you get income from Malta I guess it would be a loan from an Australian bank. Hopefully one of the brokers will jump in with advice but I think Richard Taylor who posts on here sometimes owns property in Europe and would probably be able to advise. You could also ask Geoff W on here, he also owns overseas properties and may have some ideas, both of those guys are really helpful.
     
    JMica likes this.