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Remember life insurance when buying abroad

Date: Fri, 05 Aug 2005

As more and more home buyers snap overseas bargains, Romania has been identified has a surprisingly popular destination for British investors.

According to one Romania's leading property companies, Chindia Estates, land prices have soared by as much as 700 per cent in certain areas over the last year alone.

Meanwhile, house prices in Bucharest, Constanta, Ploiesti and other areas, have risen by as much as 40 per cent in the last year.

"For those wishing to make a shrew and early move, Romanian land investment offers a truly exceptional opportunity," comments Chindia's Dave Wellen.

However, property investors are urged to remember life insurance when buying overseas. Otherwise failure to meet the monthly mortgage payments could saddle your UK based family with a mountain of debts.




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