Confidence in the overseas nest egg is
buoyant thanks to the recent expansion of the EU, the strength
of the pound, and the build up of equity from soaring UK
house prices. Almost one in five of those surveyed now own
more than one overseas property with investment being the
main motivation for the majority (46 per cent). Most investors
expect the best returns to come from capital appreciation
(32 per cent) rather than from rental income (14 per cent).
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Where are they buying? The most popular
locations for overseas properties remain Spain (33%),
France (24%) and Florida (19%) but buyers are also piling
into emerging markets: Eastern Europe and South Africa
are both beginning to make their mark as new hotspots.
Location, Location, Relocation
Making money, however, is not the only reason for eyeing
up an overseas homes. One third (36 per cent) of those
surveyed bought their property as a holiday home and
nine per cent have moved abroad in search of a better
quality of life, better weather, and fewer taxes.
Property is no longer considered an 'alternative
investment' as it is a viable investment option that
offers excellent returns on initial capital. The growth
in buying property both in the U.K. and overseas for
either investment purposes or as a second holiday home
is at an all time high. Some of the fastest growing
markets include South Africa and Dubai as well as many
of the countries that became part of the EU in May last
year. At the same time Spain, Portugal, France and other
mature markets continue to attract international property
investors.
Buying property overseas is a complicated
and expensive business. International property will
provide purchasers and investors with detailed knowledge
of all the issues that they need to consider when buying
overseas property. The book will contain articles written
by some of the world's leading experts in property purchasing
and investment and will cover a broad range of information
on subjects such as banking and finance, legal matters,
where to buy and what to buy, taxation, surveys and
valuations, travel, transportation, healthcare, education
and schools, communications, interior design and motoring.
Specially commissioned editorial will provide the reader
with practical advice and valuable insight on everything
that someone buying or investing in a property overseas
would require.
As a leading mortgage broker, First Mortgage Trust is
independent of lenders and therefore are impartial.We
are English speaking overseas property agents based
in UK who specialise in helping people find and buy
property overseas in Spain, Portugal, Cyprus and Turkey
property sales whether it is a holiday home, a retirement
home or for investment purposes. We can offer you everything
from studio apartments, townhouses and villas on well
cared for developments with swimming pools, either new
or resale, close to the beach or idyllically situated
on the mountainside. Your dream of a villa on the beach
or on the mountain with panoramic views can be realised.