Overseas Property Service > Types of Properties

There are many reasons for buying property abroad and there are many different types of property that you can buy. It is essential to have a clear plan of what you are looking to buy and why. At OverseasPropertyService.com our Property Partners will discuss with you exactly what you are looking for and then will provide you with a portfolio of properties for you to review as well as giving you the benefit of their advice.

Below is a list of a few of the different types of properties:

	Resale This is when you purchase a property from someone else. Its a property that is already built and is already owned by someone. Nearly all properties are available for resale including apartments, studio's, townhouses, villa's and country houses (finca's).
	Off Plan This is where you purchase a property that has yet to be built. You purchase direct from the developer at a much discounted price. Normally there is a 2-3 year build time for these properties. Off plan properties are often apartments or villas.
	Distressed Properties Often times people are not able to complete their purchase and properties come on the market at a discounted price as the owner has to sell. This is when you can pick up a real bargain.

Below is a list of different reasons to purchase:

Holiday Home
You may want to purchase a property in the sun just to use as a holiday home for yourself and maybe friends and family.

To Live in Yourself
If you are looking to move abroad then you will be wanting to purchase a property to live in. You pretty much have a choice of all property types except "off plan" unless you want to rent first.

Buy to Rent
This type of purchase is for people looking for an investment. Here you are looking to at least cover your mortgage costs so your property is being paid for and hopefully is going up in price so you receive a capital gain. If you are able to achieve a greater return than your mortgage payment then you would have a regular income from the property.

Buyers from OverseasPropertyService.com will receive a free website to market their property.

A property investment should be considered over the medium to long term, say a minimum of five and preferably ten years. Property prices can always go down as well as up in the short term but generally "bricks and mortar" has always been one of the safest and most profitable investments you can make.