Buying Property Overseas: The Ultimate UK Guide (2024)

Welcome to our long form video detailing our full personal experience of buying and owning a property abroad. We began our Greek Island house renovation in 2023 and have learned a lot since then! In this video, viewers receive a comprehensive guide to buying foreign real estate, tailored specifically for UK residents. The video breaks down each step of buying property abroad, explaining how to secure an overseas mortgage, and offering insight into the financial requirements and legal processes. It also covers how to invest in property overseas from the UK, helping potential buyers understand some of the complexities of international real estate.

The video delves into the practicalities of the property search, offering a guide to buying property abroad. It addresses key concerns like choosing the right location, dealing with foreign legal requirements, and working with reliable agents.

Beyond the financial and legal aspects, the video explores daily life abroad, focusing on the cost of living in Greece per month. Viewers get a detailed look at everyday expenses through a segment on grocery shopping, with a Greek supermarket haul. This highlights the cost of groceries in Greece, giving a clear picture of how much daily essentials cost. This practical information is invaluable for those considering relocation or planning a budget for their new home.

Whether you’re looking into buying an apartment abroad or a vacation home, these insights ensure that you can make informed decisions about your budget and ongoing expenses.

For UK buyers specifically, the video answers key questions on how to buy a house abroad UK and covers everything from securing a loan to understanding property. It highlights the importance of knowing local laws and regulations when buying in foreign markets.

In summary, this video is a valuable resource for anyone dreaming of owning property abroad. It combines personal experiences with expert advice on everything from securing an overseas mortgage to handling the cost of living in Greece. Whether you’re searching for a dream vacation home, a renovation project, or a smart investment, this guide covers all the bases. Viewers can expect a clear and practical roadmap for buying an overseas property, helping them navigate the complexities of buying foreign property and understanding the ongoing costs of living abroad.

Music from Epidemic Sound

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Chris & Jo

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#owningpropertyabroad #aguidetobuyingpropertyabroad #overseasmortgage

0:00 About this video 💬
0:30 Is A Greek Island House Renovation Worth It? ❓
1:00 Property Values ⚖️
1:24 The difficulties of travelling out of season ☔️
1:50 Cost of living 💸
2:10 Renovating in remote areas 🌚
2:35 ROI potential ⬆️
2:49 Greek bureaucracy 🐌
3:10 Natural beauty 🏞️
3:25 Seismic activity ⚡️
3:55 Pace of life 😎
4:27 Planning ahead during off season 📋
4:45 Tourism appeal 🗼
5:01 Planning works 👷
5:25 Facebook groups 🛜
5:39 Local cuisine 🥗
5:59 The damage done by humidity 💦
6:28 The amazing Greek people! 😊
6:52 Medical care abroad 🩻
7:18 Thoughts so far 💭
8:32 NEXT CHAPTER: All you need to know about buying in Greece. ℹ️
8:58 Finding a house 🔎
9:41 Off plan and new developments 👷
10:04 Agreeing the price 💰
10:23 Hiring a lawyer 🏛️
10:54 Power of attorney ✍️
11:14 Greek tax number AFM 💸
11:35 Accounting 📋
11:57 Breakdown of costs ℹ️
12:35 Mortgage and finance 🤑
12:51 Finalising the purchase 🚛
13:22 Utilities and services 🔌
13:40 Special Considerations 💭
14:18 Outro 👋
14:32 NEXT: In this week’s episode 🗣️
14:54 What options are there to buy a property abroad? 🗒️
15:39 Do UK High Street bank finance property Abroad? 🏦
16:20 Which specialist services may be required? ❓
16:43 Is a foreign bank account needed? 💸
17:01 What are the most common ways to fund the property Abroad? 🏘️
17:37 Buy to let mortgages Abroad. 💶
18:00 How affordability is calculated on buy to let Abroad. 🤔
18:22 Funding a holiday Home/Airbnb. 💰
18:47 Equity needed to buy Abroad. 🤑
19:14 Equity release age restrictions. 🗝️
19:42 What taxes are due? 💲
20:29 UK citizen rights. 🇪🇺
20:45 Borrowing more to build. 👷
21:13 Contact Details 📧
21:27 NEXT:In this week’s episode 📋
22:44 Our journey to Lidl 🛒
23:06 Breakfast Shopping! 🍳
25:17 Our Greek breakfast 🥣
25:32 Lunch shopping! 🥙
29:22 Our Greek lunch! 🍽️
29:34 Shopping for Dinner! 🥗
31:58 Our BBQ dinner 🔥
32:02 Breakdown of Costs 💰
32:54 NEXT: In this week’s episode 📋
33:18 Property Tax 🏡
33:46 Electricity Cost ⚡️
34:19 Water Cost 💦
34:41 Septic Tank Emptying 🚛
34:48 Gas Cost 🍳
35:04 Cost of Logs 🪵
35:15 Rubbish Collection 🗑️
35:38 Fuel Costs ⛽️
35:52 Mobile Phone 📞
36:06 Internet 🛜
36:46 Summary

[SavingSweetWilliam]

Hey guys, this is an amalgamation of 5 of our previous videos, no new material here.
We just wanted to get everything in one video as a piece of ‘evergreen content’ to hopefully help anybody thinking of doing the same thing as us.

Thanks, hope you’re all well. Chris & Jo 💙

[magickm]

Oh wow there is a lot of great info in here. Very well made

[tammylain]

Can you not use workers from your own country? I live in the Eu- I would like my family and I to fix something up. They are carpenters, an electrician, a plumber and a mechanic who knows how to do floors.