| Before you buy any overseas vacation home you | | | | with the latter being a huge favourite. In Europe |
| need to ask yourself one important question | | | | established destinations include Spain and Cyprus. |
| before you begin and fact is many people do not | | | | You get what you pay for |
| and end up dissapointed. So here it is.. | | | | When buying an overseas vacation home in these |
| Do you want to immerse yourself in the local | | | | areas you get what you pay for ( although its still |
| culture or do you want to have the comforts of | | | | normally far cheaper than buying at home ) and |
| home? | | | | although you pay a bit more the growth potential |
| Keep in mind when you go on holiday to a | | | | ( if you are looking for a return on your |
| destination living in a hotel is totally different to | | | | investment ) is normally much better in terms of |
| living in the wider community. | | | | risk - reward, than an un proven emerging |
| Many people don't consider this question when | | | | destination |
| they buy an overseas vacation home and end up | | | | Your preference |
| getting a different lifestyle to what they | | | | Of course, there are many people who buy an |
| anticipated and end up disappointed. | | | | overseas vacation home and enjoy immersing |
| The local Culture | | | | themselves in the local culture, but most people |
| There are many new areas where you can buy | | | | want both comforts of home and the local |
| overseas investment vacation homes and their | | | | culture. |
| cheap. | | | | If you want both look for established destinations |
| They don't have well established foreign | | | | that have large and growing foreign communities |
| communities and this means that many of the | | | | that bring the comforts of home with them. |
| comforts buyers expect are not available. | | | | Don't worry, these places tend to have great risk |
| In Latin America for example Belize, Nicaragua, | | | | to reward in terms of capital growth for |
| Honduras and the Dominican Republic are | | | | investment simply because they are in high |
| emerging. In Europe, Romania has been touted as | | | | demand. |
| the destination of the future. | | | | Keep in mind the majority of new hot spots fail |
| But try these destinations and you may have a | | | | becuase they cannot attract significant numbers |
| culture shock. | | | | of foreign investors to make the ammenities |
| Street children, crime, you can't drink the water, | | | | attractive enough for significant numbers to follow |
| roads and communications that are poor and | | | | and prices tend to dive. |
| there is little to do apart from admire the | | | | A good time in a hotel is not the same! |
| scenery. | | | | As living in the country you have been to! |
| Buying Established destinations | | | | If you are buying an overseas vacation home |
| When buying an overseas vacation home part of | | | | keep this in mind and before you live their. |
| the fun is having access to a different culture but | | | | Try living outside of a hotel in the local area to |
| most people want the comforts of home as well. | | | | get a feel for whether you will enjoy the lifestyle |
| They want high quality entertainment, good | | | | or not. |
| facilities and shops their familiar with to name but | | | | One of the most popular destinations for |
| a few. | | | | Americans and Europeans is Costa Rica an |
| Buying an overseas vacation home in one of | | | | established destination with great comforts and |
| these established destinations gives you the best | | | | lifestlye but also the opportunity to make |
| of both worlds. | | | | significant capital gains as well. Take a look at the |
| For North Americans the lifestyle they can | | | | facts and you will see why it is so popular. |
| associate with most is in Panama and Costa Rica | | | | |