Friday, Jun 02, 2006

Apparently things can go wrong when you buy abroad!

Guardian: Perils of Buying Abroad

A Somerset couple's traumatic experience with their dream house on Crete is a warning to anyone buying property abroad, writes Jeremy Davies

Posted by jimmy @ 09:33 AM (509 views)
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1. Japanese Uncle said...

It is reckless rather than brave to dare invest on foreign soil without knowing so little about the local manners and customs, let alone laws and regulations. This couple simply proved incapable of protecting thier own hard-earned money. I am afraid there maight well be thousands of similar cases that should emerge.

Friday, June 2, 2006 11:51AM Report Comment

2. Such_short_memories said...

As has been mentioned on here many a time before, "A fool and his money are son parted".

Friday, June 2, 2006 07:48PM Report Comment

3. Retiredbanker said...

You wonder how a couple in their early 40's can contemplate living permanently in a place like Crete, and how they
intend to earn a living in such a low wage country.
My wife is addicted to watching property programs on TV, and tells me that couples such as this with no visible
means of support are often featured living abroad.
These sort of people are obviously unrealistic dreamers, and it is not surprising that when they venture from the
protection of UK Welfare State Ltd, they usually come unstuck.
In the course of my career I have had extensive dealings with customers from all around the Mediterranean. Lovely
sociable people, but there is no way would I invest my hard-earned savings in their countries.

Saturday, June 3, 2006 11:45PM Report Comment

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