A Brief Guide to NRW Overseas

   NRW Overseas is part of the Newland Rennie Wilkins LLP group of companies, a privately owned and independent company, which have been advising clients on property related matters since 1849.  As well as being Overseas Property Specialists, Newland Rennie Wilkins are Chartered Surveyors, Auctioneers, Valuers, Land & Estate Agents and Lettings & Management Agents with eight showrooms across South East Wales, with sales, lettings, commercial, agricultural, professional and surveying departments and an associated London office at Marble Arch

      NRW Overseas are members of The Royal Institution of Chartered Surveyors (RICS), which was established, by Royal Charter, in 1864 to protect the public’s interest in property matters, The Association of International Property Professionals (AIPP), which was set up to guide and to regulate the international property market and to provide quality assurance to consumers – AIPP membership is the stamp of approval for international property companies -, The Central Association of Agricultural Advisors (CAAV), with its motto ‘do what is right, come what may’ and founder members of The National Homes Network (NHN), a national network of independent estate agents in the UK.

Why invest in overseas property?

• The overseas property market has grown 300% in the last 10 years, yet according to a recent survey by the Yorkshire Bank, a record number of British are considering buying a property in sunnier climes, as a holiday home, a place to retire, an investment or even as a cheaper way onto the property market.  Why?

• Because of the poor performance of the stock market or Pension Funds, because the UK property market has (temporarily) reached a plateau, because overseas property investment, especially in the ‘emerging markets’, promises continuing growth and good income yields, or because low interest rates permit ‘leverage’ of investments or just because of the fringe benefits, such as personal use, which is often tax deductible?

 

Why instruct NRW Overseas?

• Property purchase abroad can bring rich rewards, financial and life-style, but with it can come danger – often from the very people you entrust with your purchase.  According to the Yorkshire Bank survey 44% of those looking to buy overseas fear being ‘ripped off’ when buying abroad (as they don’t understand the buying process)

•  NRW Overseas understands the buying process and will protect your interests.

• 35% said they would find it ‘stressful’ (trying to find all the necessary professionals, such as solicitors and estate agents, to make the purchase a success). 

• NRW Overseas will take the stress out of your purchase.  We have our reputation to protect including a long tradition of sound professional advice, whilst our knowledge allows us to consider only the best products from the most credible sellers.  This helps us to eliminate many of the inherent problems associated with buying a property abroad. 

• 34% of those questioned had concerns about how they would go about negotiating the sale in a foreign language

• NRW Overseas have excellent contacts in the overseas market allowing us to offer help and advice on such matters as foreign exchange and legal and taxation implications, providing a safe and secure property purchase.
  

• 33% were worried that they may be ‘taken advantage of’’, as they wouldn’t fully understand what their foreign speaking legal advisors were saying to them. 

• NRW Overseas only recommend a network of English speaking solicitors who specialise in the overseas property market.

•  It’s also clear that investors overseas don’t fully understand their target rental market: -

• Only 20% would buy a place near an airport, only 18% would buy in a popular tourist resort, only 54% would buy a low maintenance property, whilst as many as 44% don’t think of the rental market when choosing colour schemes for decoration and only 4% felt confident about handling all aspects of buying property abroad themselves.

 

• NRW Overseas understands the overseas property market, whether you are buying to use, let or sell, we can advise on the best locations and properties.

• We have a dedicated overseas department with a permanent office, based at Cardiff Gate, with specialist staff, at hand during the week and at weekends, whilst most of our competitors, selling through hotel exhibitions, adopt a ‘here today; gone tomorrow’ approach. 

• We offer a reliable service, during which we will listen to you carefully, establish the extent and nature of your requirements and identify ways of satisfying those requirements.  We will apply, where possible, the same principles of regulation and transparency, which are inherent in our domestic market, to our overseas dealings.

•  Using a company that is professionally affiliated affords you greater protection.  Membership brings accountability and redress, whilst any money paid to us is entirely safe, held in designated client accounts and fully protected by the RICS.

 

What services are available?

NRW Overseas believes that no-one purchaser is alike and therefore do not believe in a ‘one service suits all’ approach.  We therefore offer a choice of tailor-made services to suit your individual requirements.  You may prefer our re-sale property or off-plan property service or, if you are looking for that unique property that is hard to find - whether in an established market or emerging market -, you will find the NRW Overseas Personalised Property Search Service the best option in the market place.   

 

Whichever service you choose, NRW Overseas will endeavour to find a property that matches your requirements, as closely as possible, whilst applying the same principles of professional integrity to the overseas market, as we have shown to the domestic market for the last 150+ years.

NRW Overseas offers a unique and highly professionalised approach to overseas property investment that has been carefully designed to guide you towards a property that specifically meets your needs and requirements whilst ensuring you minimise your exposure to risk and maximise your level of reward.