That's the main drawback, apparently insurance companies aren't too happy with non UK driving licences.
Other countries don't really make life much easier , since they require residence status before you can register a vehicle under your own name. (Italy is a total nightmare for example, no idea about other places in south europe)
As I mentioned the other times that this topic has come up (hint!) ...I had a great time buying and registering a vehicle for export in Germany. It was all fairly straightforward, and if I had wanted I could have got an export plate valid for up to 3 months (maybe more, I'm not sure). The plate comes together with an insurance policy, so you're pretty much set to travel after that. There's also a fairly good market there, sellers all appear to speak english and the yearly roadtest is quite strict, so bikes tend to be in good condition.
Hope this helps, let us know.
G.
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