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What to look out for when buying overseas homes

Before buying a home overseas, there are risks to consider including taxes, rules on ownership and selling in jurisdictions abroad as well as exchange rate risks.

In Britain, non-resident buyers face an additional 2 per cent stamp duty surcharge on top of the regular stamp duty, among other taxes.

PHOTO: BARRATT LONDON

Grace Leong

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SINGAPORE – While

multiple rounds of property cooling measures in Singapore

and the allure of rental income and potential asset appreciation seem to make overseas homes attractive, there are risks to consider including taxes, rules on ownership and selling in jurisdictions abroad, and exchange rate movements.

Fluctuations in exchange rates can affect the value of your overseas home and rental income.

What to look out for when buying overseas homes

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