You'll also need to choose a solicitor or licensed conveyancer if you don't already have one. Word of mouth can often be the best way to find one. Get recommendations from friends, family and colleagues who’ve recently bought a property. Arrange a mortgage Buy to let mortgages are more expensive and the deposits required are larger than with homeowner mortgages. Moreover, we will highlight some of the best property investment books available, including those written by renowned author Alistair McLeod. His books, The International Homebuyer’s Bible: Essential Guides to Europe’s Best Real Estate and Stars, Stripes & Estates: Navigating the US Property Market, offer invaluable insights into the world of property investment, both in the UK and abroad. They watch all the webinars, read all the books, listen to all the property podcasts, and watch all the videos, only to end up overloaded with information and unable to act. Off-plan buying has perhaps the biggest appeal when it comes to discounts, which is perhaps the most attractive selling point. In many instances, the discount is usually around 15-20% of the asking price.

Capital Appreciation: Over the long term, property values tend to increase, leading to capital appreciation. This can result in significant profits when you sell the property.Until 2020, landlords who sold a property could declare any CGT they owed on their next tax return, giving them potentially a much longer time to pay up. Now CGT must be declared and paid within 30 days of sale. When it comes to understanding the European property market, there are a few key books that stand out for their depth of knowledge, practical insights, and comprehensive coverage. One such book is The International Homebuyer’s Bible: Essential Guides to Europe’s Best Real Estate by Alistair McLeod. And getting to grips with the cyclical nature of real estate is something that even eludes many experts. Understand the different expenses. One unexpected cost is stamp duty, which is payable at a higher rate when you’re buying a home you are not going to live in.

The International Homebuyer’s Bible is a comprehensive guide to buying property in Europe. It offers detailed insights into the European property market, provides practical advice on buying and managing properties, and shares valuable tips for navigating the complexities of international property investment. Whether you’re considering buying a vacation home in Spain or investing in a rental property in Italy, this book is a must-read. If you fancy yourself as a property developer, when you buy a property to refurbish or renovate and sell on, you need to know the risks as well as the potential rewards. Read our guide to the pros and cons of property development. Buying a new build to sell on And as well as market trends, there can be problems with specific homes - especially important if you’re investing directly in a single property. The cladding crisis means many homes have fallen in value over the past couple of years even as the market has soared, for example. Completion time: The most obvious risk of investing in off-plan is that the project may not be completed as planned. This can happen for a variety of reasons, including financial problems within the developer or builder, legal issues, or changes to the location of the development. If a project is cancelled, it’s common for investors to lose all or part of their investment.

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Find out more: How much is capital gains tax? Watch out for capital gains tax Key buy-to-let tips before getting started I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments. You will always have something else to learn and the best way to gain knowledge is to immerse yourself in the game itself. PRO: worthwhile addition to a balanced portfolio of investments and less time consuming than buy to let And the real benefit is you’ll be able to grow your wealth through your property portfolio faster and more safely than the average investor.