Is now a good time to buy abroad? If so, where?
Thursday, November 16, 2017 @ 11:45 AM
When it comes to both selling and buying a property abroad, timing is everything.
With market fluctuations occurring and things constantly changing, you need to make sure you’re snapping up a property at the optimum time in order to ensure a good return on investment and to avoid losing out on hefty sums of money. Brits are still seeking solace in European holiday homes, but is now a good time to buy and if so, where? Check out our blog on some of the best and worst places to look if you’re wanting to buy abroad.
Spain
After a decade of uncertainty, Spain is still the most popular choice for Brits buying a property abroad. The volume of sales has been increasing quarter on quarter and there is a lot of confidence being recovered in the market. Properties remain affordable and are a lot cheaper than some of the neighbouring countries that Brits are flocking to, so it’s a good choice if you don’t have loads of money to splash out with.
Bulgaria
If you are really looking to budget when it comes to buying a property abroad, Bulgaria is the best option for you. With its amazing scenery, beaches and mountains, it’s a great choice in terms of location and is also extremely affordable when it comes to the cost of living and of buying property. The average property price is £90,734, while utility bills will only set you back on average £70 a month. With interest increasing in the country, now may also be a good time to buy and sell as you may stand to make money.
France
France has always been another popular choice for Britons interested in buying a property abroad, with the French Riviera being a particular pull to the region. The newly-appointed French President is committed to reducing taxes for property owners and simplifying the fiscal framework, all strong pulls for anyone about to invest in a home in France.
Generally, how are things looking when it comes to buying a property abroad?
While many markets are continuing to show signs of recovery, there is still a lot of uncertainty, especially given the fact that many of us don’t know what impact Brexit will have.
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