Purchase of property overseas after Brexit and COVID-19

The purchase or investment of foreign property is seldom simple, but the pandemic of coronavirus and Brexit have made it more complicated. أرض

Despite signs of tentative progress in the Brexit negotiations, the imminent deadline for December 31 is imminent and the United Kingdom and the EU have yet to conclude an agreement.

This has undoubtedly caused considerable confusion among British people who own a second home in the European Union and others who consider becoming overseas householder.

The pandemic COVID-19 has also sharpened prospective purchasers and many now opt to postpone plans to move abroad due to travel restrictions and the public health danger posed by the virus.

If you own a holiday home, a rental overseas or a permanent residence abroad, 2020 is a challenge for all.

Despite the widespread COVID-19 disturbance, however, the number of searches of properties abroad from Great Britain has increased in recent months as government officials continue to alleviate restrictions.

While some homeowners were unable to travel abroad because of travel ban on the country of destination, they now have the right to advertise their properties for rent on holiday websites such as Airbnb and Booking.com.

As a result, homeowners from abroad are now considering new and creative ways to ensure pandemic safety in their homes, while ensuring that their property remains safe and stable.

If you are a future buyer or intend to invest internationally, avoid common pitfalls by following the following straightforward guidelines.

Epats that transfers money abroad

Local rules and regulations for research

Confirm if your destination is subject to quarantine rules and make sure that you are satisfied with the risks such as COVID-19 infection rate and death toll.

If quarantine is required, consider any additional costs or arrangements that are required during your stay.

As Great Britain's future with the EU is still unclear after Brexit, consider applying for EU nationality before the transitional period to ensure that your rights of residence are secured.

Implement emerging technology for land protection

Consider investment in new technologies to improve the protection of your property – this could be of great benefit to people unable to fly to their country of destination.

COVID-19 has been shown to be more hygienic, so that antimicrobial paints and finishes, infraround touchless taps and other technology are quickly becoming common in the interior of our homes.

More people have intelligent lighting, doorbells and security cameras fit on their property that allow remote property monitoring while you are away. If you can't install these yourself, create a trusted local provider who can configure them for you.