Sep 14, 2015
We can’t always wait for the property markets to be in their prime. They could be in the midst of a crash or be falling quicker than a fast-forwarded Icarus, but it doesn’t stop your business’s need for a new premises in mainland Europe.
Indeed, if you’re expanding your enterprise into a new country, you’ll be doing more than surveying the stability of the markets. The tantalising taste of foreign markets also requires a number of bureaucratic hoops to be jumped through and an entirely new legal system to comprehend.
But the opportunities presented by a commercial property in mainland Europe can be myriad, including increased trade opportunities and the chance to dominate an entirely new market.
With that in mind, we’ve thought of a few ways to make bursting through that red tape a simpler task.
The perfect provider
All letting agencies want to make a sale – but the right ones provide so much more.
When you’re setting up a new property in a foreign land, you want people who’ll be able to not only find you a decent work premises, but also give you the lowdown on the business landscape in the area.
Larger companies will provide you with documents detailing the property market’s success in every country, helping you make an informed decision and put your cash in exactly the right place.
A crack legal team
As the capitalist dream marches on, the free market ironically requires more and more bureaucrats to control it. And with more bureaucrats comes more forms, more licenses and more financial risks.
To slog through these muddied waters, hire a professional and respected legal team with an expertise in business law. Regular contact with this crack team will give you the knowledge you need to make an informed decision AND free up some time away from legal muck.
An eye for research
Before you head into a new territory, new research into your target market is vital. While your core demographic back home might find your style appealing, it could falter (or even be offensive ) to people in a different country.
Culture clashes are bad for business, so find a property where your services will match perfectly with your new surroundings. Moreover, find employees who will implicitly understand their surroundings and your chosen customer base.
The European Union is in flux right now, with possible exits from Britain and a migrant crisis in various European countries. But with a commercial property in Europe, and a team who can sustain it, you’ll turn a profit no matter what the political climate.