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An increasing number of people are choosing to buy a home abroad. For many, it is a chance to take advantage of better climates and winter sun, whilst for others, it is an investment to help with retirement funds. What are the benefits of buying a home abroad?

Retirement

It is the dream of many people to have a home in the sun when they retire. A property in Spain, France or Greece allows them to move permanently to a new country, or to spend the winter months somewhere warmer. If you're thinking of buying a home to live in either part-time or full-time when you retire, then you need to think about location, current property price and re-sale value. You may also need to look at tax, pension and inheritance issues, particularly if you are going to be making a permanent move to your new home.

Holiday rental

Many people invest in holiday property for its rental potential. In most cases, the money made from renting a property abroad easily covers your costs and, if carefully planned, can actually make some profit. In order to rent your home successfully, you need to make sure that you have a home in an area that people want to visit. Check out average rental rates, and what people expect from properties your size. You will only achieve the top rental values if your property is properly equipped and presented and if it is in an appealing location. This is one of the reasons why you should always visit the country and area you are thinking of investing in before committing yourself ' you could discover that your rental potential is far less than you thought.

A holiday home

The security of knowing you have a comfortable, accessible home for your holidays each year is very attractive for many people. Once you have found a location you love, it can seem like a great idea to buy a second home so that you can enjoy your holiday in the same place each year. Lending the property to family and friends means that you can get together for special occasions and celebrations.