What do I need to know when buying property in El Salvador?
When we asked expats what advice they would give a foreigner before buying a property in El Salvador, they said...
"1. It is important to research the local laws and regulations regarding property ownership in El Salvador before making any purchase. 2. It is also important to hire a local lawyer to help you understand the legal process and ensure that all documents are in order. 3. It is advisable to obtain a title search to ensure that the property is free of any liens or encumbrances. 4. It is important to be aware of the taxes and fees associated with purchasing property in El Salvador, such as transfer taxes, registration fees, and stamp duty. 5. It is also important to be aware of the local customs and traditions when purchasing property in El Salvador, as these may affect the process. 6. It is important to be aware of the potential risks associated with purchasing property in El Salvador, such as political instability, natural disasters, and crime," commented one expat who made the move to El Salvador.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
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What do I need to know when buying property in El Salvador?
If you live in El Salvador, newcomers to El Salvador would love to hear your answer to this question: