Homes Overseas Add New Article on Buying Off-Plan Property Abroad
August 08, 2008 (PRLEAP.COM) Business NewsHomes Overseas, the leading overseas property experts, have recently added an in depth article to their international property law section, titled 'Buying off-plan property abroad'. It is an extensive article; extending the necessary information with reference to the legal clauses, in the eventuality of a delayed project. The full article can be viewed at: http://www.homesoverseas.co.uk/buying-off-plan
The article begins by highlighting the preferences of British buyers when looking for property deals abroad, followed by problems being faced by buyers from developers. While most developers would claim the problems are 'Acts of God,' the write-up informs buyers what their compensation / claim rights.
The succeeding sections of the article looks at how some contracts for an off-plan development have been written. The section highlights the importance of a well written contract.
The write up concludes by outlining the benefits that can occur from an off-plan delay, and stresses the importance of consulting with a lawyer before buyers purchase an off-plan property or agree to a settlement package because of a delay.
About Homes Overseas
Homes Overseas is the world's leading international property magazine since 1965, providing advice and information for people buying property overseas as an investment or a holiday home. Homes Overseas magazine is published monthly and is available on subscription and from leading newsagents. For more details on buying off-paln property abroad, visit: http://www.homesoverseas.co.uk/buying-off-plan