Looking to relocate overseas

It can be very exciting deciding to live abroad. If you are not careful, it can also be very fraught.

If you are looking to purchase property abroad for relocation then the main things to think about, after finance, are what you are looking to get out of the move.

Are you hoping to escape the rat race? Go back to basics? Live a cosmopolitan life in a foreign city, or a more balanced life somewhere in between.

You can see why it's essential that you visit the area before you buy - to get a feel for it and to help integration into the community. Maybe learn the local language and meet locals. After all, what's the point in moving to a new culture if it's not what you envisaged.

Have a plan of what you intent to do with your time overseas. Will you need to create an income, or are you going to retire? If you need to create an income, whether from a job or a new business, check out that there are suitable opportunities in the area.

Check if you need a visitor's permit to reside long term. Do you need a work permit? What are the health support implications? And check out the tax implications.

A little homework early on means years of hassle-free enjoyment in your overseas property.