Easiest places to buy property abroad for British citizens

Buying property abroad can seem complex and daunting, but it’s much easier in some countries than it is in others. It’s important to consider legal restrictions, distance and language barriers when deciding where to buy.

For instance, purchasing property in the United States or Australia can be a bit more involved due to state-specific laws, restrictions on foreign ownership, and the sheer distance from the UK.

Despite Brexit, the European Union remains one of the easiest places for British citizens to buy property. Most EU countries have minimal restrictions on foreign property buyers and well-established services around the real estate sector, including English-speaking estate agents and property lawyers.

Below are our top-five picks for the easiest places for Brits to buy property abroad, along with some bonus tips at the end to help further simplify the process.

1. Spain

Spain is a long-standing favourite among British property buyers. Its popularity is mainly driven by its sunny climate, beautiful beaches, vibrant culture, and excellent quality of life.

The country offers a range of property prices, from affordable apartments in coastal towns to luxury villas in high-end areas. Key locations for British buyers include the Costa del Sol, Alicante, and Mallorca. 

The process of buying property in Spain is relatively straightforward and well-trodden, thanks to the large number of Brits who have paved the way over the years. There are no restrictions on foreign buyers and numerous services available that cater specifically to UK buyers.

In fact, we have more than 20 Currencies Direct branches scattered across Spain, filled with friendly bilingual currency experts who know all about buying Spanish property. They can offer a wealth of local knowledge and specialist support.

2. Ireland

Ireland is one of the easiest places for British citizens to buy property. Its closeness to the UK, shared language and cultural similarities all help to simplify the process. There are also no restrictions on foreign property ownership in Ireland, making the process even easier.

Ireland’s lush landscapes, vibrant cities, and friendly atmosphere attract many UK buyers. Property prices vary, with more affordable options in rural areas and higher prices in Dublin and other urban centres. Some popular locations for UK buyers in Ireland include Dublin, Cork, and Galway.

3. France

Buying property in France is another popular option for UK citizens looking for an easy place to purchase property abroad. The French property market is well-regulated, providing a clear, albeit bureaucratic, process for buying property. For instance, the involvement of a notaire – a public legal official – helps to ensure that both the buyer and the seller have a clear and legally compliant pathway to completion.

In addition, France is just a short hop across the channel, making it quicker and easier to travel to than further-flung destinations. This proximity, and the two countries’ shared history, means their cultures are very similar (although there are of course important differences), making it easier for expats to assimilate  and adapt to their new life.

4. Portugal

Portugal is another popular destination among British citizens, offering a streamlined property purchase process, with well-established procedures and no legal restrictions on foreign buyers. The country’s favourable climate, stunning landscapes, and welcoming communities all make it a popular choice for British buyers.

In addition to the ease of buying property, Portugal’s property market is diverse, catering to a wide range of preferences and budgets. Whether you’re seeking an affordable home in the tranquil countryside, a stylish apartment in Lisbon, or a luxury villa along the sun-drenched shores of the Algarve, Portugal has something for everyone.

5. Italy

Italy’s welcoming legal framework, clear purchasing process, and lack of restrictions make it another top destination for British property buyers seeking simplicity. The elective residency visa also facilitates long-term stays for property owners, making it easier for British citizens to enjoy their Italian retreats.

Italy’s appeal is undeniable, with its rich history, stunning architecture, and delicious cuisine. Property prices can vary, with more affordable options in rural areas and higher prices in tourist hotspots, with some of the more desired locations including Tuscany, Umbria, and the Amalfi Coast.

Our top tips for making buying property overseas easier

Planning and budgeting

Thorough planning and realistic budgeting are crucial when buying property abroad. Factor in all the costs, including purchase price, deposit, travel expenses, taxes, legal fees, and maintenance costs.

It’s also good to make sure you have a contingency fund of around 5% to 10% of property price to cover any unexpected costs.

Working with a buyer’s agent

If you want to make the process as easy as possible, consider working with a buyer’s agent. For a fee, they can use their local knowledge and market expertise to find properties that match your criteria, saving you from doing the property search yourself.

Getting a translator

While many agents and lawyers speak English, having your own translator can simplify the process and help you navigate legal documents and local regulations.

Using an experienced lawyer

An experienced lawyer familiar with local property laws can guide you through the process, ensuring all legal aspects are handled correctly.

Hiring a specialist mortgage broker

Likewise, using a mortgage broker with experience in the country where you’re buying can massively simplify the process of getting a loan for an overseas property. They can do all the legwork for you in terms of shopping around for a suitable mortgage.

Partnering with a currency provider

Sending money overseas to fund your purchase, cover mortgage payments, or pay for services can add another layer of complexity. Currency markets are always moving, making it hard to time your transfers, and international payments can seem complicated.

Fortunately, we can massively simplify your currency transfers and help you save money.

For instance, you can set up automated regular payments for recurring costs, such as bills or pension income. You can also use your online account 24/7 to effortlessly add funds to your account, transfer money, check live rates, track your transactions, and contact customer support.

We also offer dedicated account management to all our customers, free of charge. You’ll have your own personal currency expert who can answer queries, guide you through the process, and offer market updates and insights.

Create a free account in minutes online, or get in touch with us to find out more.