Potential investors 'should think first'
Overseas property investors have been advised to make sure that they have fully thought through the move before making a purchase.
PricewaterhouseCoopers said it was very important for people buying abroad to get good advice from experts in order to make sure they were familiar with all the necessary rules and regulations.
The firm stated that any decision to buy property abroad, regardless of how it is owned or used, had to be "well thought out".
Leonie Kerswill, tax partner at PricewaterhouseCoopers, said: "Good advice is essential for those buying abroad."
She added that the most common issues tended to involve tax issues, such as VAT on new purchases and inheritance tax.
Alliance & Leicester has also recently recommended that overseas buyers check important issues before committing to a purchase.
For example, it suggested that investors should carry out advance checks on potential properties, such as structural surveys, before making a purchase.
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