Buying a second property in a foreign country, either as an investment or for vacation purposes, is a difficult job for those new to the world of international real estate. As with many important decisions in life, however, a successful purchase often comes down to careful forethought and research.
To begin with, you need to decide where you would like to buy. Whether it is Bulgaria or France, Russia or Montreal, it is important that your choice takes into account house prices in the country, and its economic stability.
Before you make any hard and fast decisions, you also need to be sure that the location is right for you. Spend as much time as you can in the country and try to live as a local would and not like a tourist. Go to the supermarket, the bank and visit government institutions such as hospitals. If after rigorous testing you're still sure you can live there, then proceed with the buying process.
Find a real estate agent who speaks the language and has a solid track record in the country. It's probably also a good idea to get yourself a lawyer with years of experience dealing with this particular country's legislation. Hiring a legal professional early on will allow you time to change your mind if necessary before the sale goes ahead.
Negotiating an overseas property market can be daunting however, with a solid team of professionals on your side, you will be relatively safe.