16 January 2013

Interested in property? The answer is abroad!



Eurozone unrest and Britain’s sterling strength has brought about great opportunities for British investors interested in buying abroad.  With the UK’s market stifling would-be investors, it’s no wonder that many of us are looking for fair investments. So where are people buying?






Spain
Spain remains at the top of the list for Brits looking for property abroad.  One of the reasons behind the massive influx of UK money is the fact that repossessed property prices fell by 65% in 2012 due to economic uncertainty. However, if you are planning on buying a repossessed property, be aware that the procedure is long and complicated, not to mention you would have to hire experts to assess the property for damage. 

France
France is known for holding record low interest rates and while the recent tax hikes may appear threatening, the decision has not affected the property market as a whole.  Tim Brown, the head of international sales at Chesterton Humberts, said "Out of our entire international network, France was our big seller last year ." The weakness of the Euro also means that the British Pound goes a long way in terms of investment.

Italy
Great food, great wine, great weather and beaches… what’s not to love? The stoic economy has meant that sellers have begun lowering their asking prices and Italy has not seen the overdevelopment that France and Spain have. Mortgages are usually capped at 70% of the purchase price and agents can ask for 3% along with the purchase tax, which can be a full 10%.

Florida
Rife with foreclosures and fantastic weather, this state is on an upward trend.  Condominiums average at $107.000 and with a strong rental market, it’s clear to see why investors are flocking to the sun drenched state.

10 comments:

  1. Anonymous11:51 PM

    It's great if you have a property at the tourists spots. You'll have Holiday Letting Agents help you rent out your property easily.

    ReplyDelete
  2. It is good to invest in abroad property. Many business owners believe that a large monetary asset is property investment and properties.

    ReplyDelete
  3. When I shifted to Australia, I was so confused about the accommodation. I visited so many places to find cheap and comfortable accommodation to spend my holiday. Finally my friend told me about one service holiday homes and got the best accommodation.

    ReplyDelete
  4. Taking precautions is natural for investors. If we are not sure about this, we should keep this attitude to lessen the risks. Its important that we think of what is right for our business. Making sure of this will intensify the way we handle our business towards success.

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    ReplyDelete
  5. It is easy to get Real estate investment opportunities. Take your time and have a number of information regarding it used with your business. Just be sure you are well-informed prior to making an investment. It will require time for you to study throughout any sort of business.

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    ReplyDelete
  6. Making an investment on a real estate property could be a massive obstacle. It truly is some thing which should be cautiously analyzed prior to undertake it. Should you commit without having learning the particular opportunity next there exists a massive chance that you will lose money. Washing in foreclosure houses should likewise consider.

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  7. Just as many people would think, Real Estate Investment is a business that is hard to handle. But when you succeed on this business you can have a good life that can give you all your needs. Strive hard to achieve that and make good decisions for the better of your future.

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    ReplyDelete
  8. Investing on real estate business is a very good idea for investor's. it is a profitable business.And if you have a place at great tourist spot , that will be great .
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  10. You have shared very informative information in this article, which can be helpful for people interested in property. I have visited your blog for the first time and found it a well-organized blog. I appreciate the efforts you have put in this site and appreciate it for all the great stuff.

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