What do I need to know when buying property in Libya?
When we asked expats what advice they would give a foreigner before buying a property in Libya, they said...
"1. It is important to research the local laws and regulations regarding property ownership in Libya before making any purchase. 2. It is also important to be aware of the political situation in the country, as this can have an impact on the security of your property. 3. It is advisable to seek legal advice from a qualified lawyer before making any purchase. 4. It is important to ensure that the property is registered in the Land Registry and that all necessary documents are in order. 5. It is also important to be aware of any restrictions on foreign ownership of property in Libya. 6. It is advisable to obtain a survey of the property before making any purchase. 7. It is important to be aware of any taxes or fees that may be applicable to the purchase of the property. 8. It is also important to be aware of any restrictions on the use of the property, such as restrictions on renting or subletting," commented one expat who made the move to Libya.
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Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
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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 Libya?
If you live in Libya, newcomers to Libya would love to hear your answer to this question: