Spain’s potential new property levy on non-EU nationals and New Zealand’s outright ban on foreign ownership have created fresh hurdles for Britons eyeing an overseas move.
Both locations have long been favourites for those dreaming of a new life in the sun or under southern skies. Yet, according to expatriate specialists at William Russell, there are still nations actively encouraging UK citizens to purchase property. Here are the leading contenders, plus some expert advice for navigating the process.
Italy: €1 house revival
Italy’s celebrated ‘€1 House’ initiative is back, aiming to revitalise sleepy rural villages burdened by depopulation. Areas such as Zungoli in Campania and Mussomeli in Sicily are offering abandoned homes for just one euro—on the condition that buyers commit to refurbishment works.
Greece: golden visa residency
Launched in 2013, Greece’s Golden Visa programme offers residency rights to non-EU individuals who invest in Greek property. Key benefits include a five-year permit, the option to include family members, and a pathway to full Greek citizenship after seven years—an attractive proposition for those looking to settle long term.
Thailand: flexible foreign ownership
Thailand presents several appealing routes to residency, thanks to generous visa options, relatively low tax rates, and permissible property purchases. While foreigners can buy freehold condominiums—provided non-Thai owners remain below 49% of the total building—leases of up to 30 years are common for land or houses. Popular locations such as Phuket, Pattaya, and Bangkok feature developments specifically catering to international buyers.
Expert tips for a hassle-free purchase
Enlist local specialists
William Cooper, Marketing Director at William Russell, advises tapping into reputable local knowledge—whether it’s an estate agent, legal adviser, or solicitor listed with the UK’s Law Society. Look for firms that regularly deal with British clients, or seek recommendations via established expat networks.
Keep an eye on exchange rates
Property purchases abroad can be affected by currency swings. Cooper suggests considering a specialist provider to secure favourable rates, and consulting local or international lenders early to pin down mortgage and financing options.
Prepare your paperwork
Overseas mortgage providers often require more detailed evidence of income, tax returns, and credit history than UK institutions, plus additional anti-money laundering checks. Some countries also insist on proof of private health cover. Getting your documents translated ahead of time can save delays once you’re ready to sign.
