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We are an American couple in California considering purchasing a vacation home in Europe (either Italy, Spain or France). Has anyone done this? Are there are sites you can recommend for info? I am most curious as to whether we can finance the purchase like we would in the US. Thanks in advance!

2 Thoughts on I’d like some information on buying a vacation home in Europe?
  1. Reply
    Willeke
    June 21, 2011 at 4:13 am

    If you have to finance, do not do it.
    You will have to be very rich to be able to pull it off.
    Each country in Europe has its own laws concerning property, and there are also restrictions on how long and how often you can travel to Europe if you are not European.

    Add to that the cost of intercontinental travel, the differences in legal systems and language difficulties.

    And do not fall for timeshare offers, almost nobody is really pleased with that system,

  2. Reply
    Tumbit
    June 21, 2011 at 4:49 am

    I appreciate that it can be difficult when you live so far away from here, but please ensure that you thoroughly research your purchase and don’t just jump straight in. Spain has a number of property laws that are not given enough consideration by overseas buyers – such as the Coastal property Law or the LRAU (Valencia land grab law) and in almost every case some half decent research and legal advise could prevent a bad purchase.
    Have a look at this article to get an idea of some of the things that you should be thinking about – http://www.tumbit.com/how-to-guides/articles/113-how-can-i-protect-against-an-unwise-property-purchase.html

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