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Overseas investors 'should act as if they are in UK'

Foreign property buyers have been advised to consider the same issues that would affect a purchase in the UK.

BuyAssociation said many of the issues that affect property buyers are the same regardless of whether they are investing at home or abroad.

For example, the website said people need to consider issues such as the tax implications of owning a property, as well as the various legal matters.

In addition, prospective buy-to-let landlords were told they need to look at how the rental market is performing in their chosen location.

Paul Collins, property editor at BuyAssociation, said: "You have to do exactly the same thing as you do in the UK, which is assess the investment opportunity as carefully as you possibly can."

He added that if people consider all the relevant issues, they will be able to benefit from the "fantastic opportunities" in foreign markets.

This comes after property analysts NuBricks.com said eastern Europe has become "something of a magnet" for foreign buyers during the last decade, as many investors have found it highly lucrative.

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