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WITH real estate prices getting higher many home buyers are looking for property options abroad. However, investing overseas has its own challenges and requires much caution.

Look for brokers who provide realty consultancy in India and abroad so that the investor is aware of the realty scene in both countries and also know the legal aspects.

Look at the property inheritance and succession rules of the country where you intend to buy the property. Other important thing is to consider the property taxation rule and the cost of maintaining property.

Several countries require foreign buyers to pay large property transaction fee or taxes so keep the extra cost in mind.

Bargaining works not just in India but also abroad, so you have to negotiate hard. It is advisable to visit the site so that you are satisfied with the deal rather than depending on fancy advertisements and photographs.

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Publication:Mail Today (New Delhi, India)
Date:Oct 28, 2012
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