Buying A Holiday Home: Budget And Discipline
| Money : Overseas Property If you are buying a holiday home, then you need to set a tight budget and stick to it - use discipline! You need to ensure also that you understand the full costs in a place you buy. Example: many countries in the Med area and southern Europe may have quite low property prices, but associated costs that are high - perhaps in the region of 20% of the property. Therefore understand all the taxes you might have to pay to the local area as well as at national level and annual fees and so on - these could easily push you over budget. The temptation is always there to spend just a little bit more, but a little bit more than you can afford on a property is a lot of money!
 Questions about overseas property:
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