What do I need to know when buying property in Madagascar?
When we asked expats what advice they would give a foreigner before buying a property in Madagascar, they said...
"1. It is important to research the local laws and regulations regarding property ownership in Madagascar before making any purchase. 2. It is advisable to hire a local lawyer to assist with the purchase process and to ensure that all legal requirements are met. 3. It is important to obtain a title deed for the property, which will provide proof of ownership. 4. It is important to be aware of any taxes or fees that may be applicable to the purchase of the property. 5. It is important to be aware of any restrictions on the use of the property, such as zoning regulations or restrictions on building or development. 6. It is important to be aware of any potential environmental issues that may affect the property, such as flooding or soil erosion. 7. It is important to be aware of any potential risks associated with the property, such as political instability or natural disasters. 8. It is important to be aware of any potential risks associated with the local economy, such as inflation or currency devaluation. 9. It is important to be aware of any potential risks associated with the local culture, such as language barriers or cultural differences. 10. It is important to be aware of any potential risks associated with the local infrastructure, such as access to utilities or transportation," remarked another expat in Madagascar.
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What do I need to know when buying property in Madagascar?
If you live in Madagascar, newcomers to Madagascar would love to hear your answer to this question: