Overseas Properties

We have a wealth of experience within the team covering property in the USA and Europe. Most of our clients have tended to head for Florida and Spain. Our Overseas Consultant, Barry lived in Spain for a number of years and owned an Estate Agency there.

Buying property abroad has become increasingly popular with the British and Northern Europeans for various reasons, mainly the warm climate, affordable prices and investment opportunities. With the poor returns on the stocks and shares market and uncertainty of pension fund’s future, more and more ordinary people invest their hard earned cash into bricks and mortar by buying a property abroad.

Retirement abroad

Retirement abroad is no longer the prerogative of rich and famous. The dream of owning a property overseas turns into reality for hundreds of thousands of British people every year. Increasing number of pre-retirement age and the middle aged are buying overseas property in the hope to use it as a permanent or semi-permanent home in their forthcoming retirement.

What lures Britons to leave their homes in UK and look for the best place to live is not just a warm climate. Lower cost of living is also taken into consideration by people looking for a better quality of life.. Property in Turkey and Bulgaria is becoming increasingly popular choice for retirement abroad for the above reasons.

Spain and Cyprus remain popular destinations to retire to due to the established social communities and high standards of living.

A place in the sun – Holiday Homes

More and more of us consider choosing to buy a second property abroad and use it as a holiday home. Spain has always been a favourite place in the sun to take holidays or short breaks. With the costs of travel dramatically falling, it is becoming cheaper to travel abroad.

A lot of ordinary people realise that buying overseas property can not only become an  ideal holiday home, but also provide a steady rental income, whether for short or long term lets.

Property abroad – Alternatives to Pensions

Buying property abroad and home has proven to be an excellent investment over the long term. Although it should never be overlooked that buying overseas property does not guarantee the increasing price in the short term, it is certainly a winner in a long run.

It is a known fact that borrowing against your existing property is significantly cheaper, which makes it possible to create a portfolio of properties.

The proposal regarding the possibility of including overseas property in your pension fund is a possibility in the future, so watch this space and review your pension portfolio with a financial advisor in the next few years as big changes are on the way.

Spain

Spanish property markets (Costa del Sol and Costa Blanca in particular) were the first areas where British people discovered Spain.  These property markets were pioneers in attracting foreigners to buy property here.

Costa del Sol and Costa Blanca property markets have now matured and provide lesser investment opportunities; however there is a big advantage of these areas – the established infrastructure, that makes these places ideal for retirement abroad or holiday homes.

By trial and error the property markets in up and coming areas of Spain are offering good value. The Costa Calida and Costa de la Luz are beginning to emerge as excellent areas to consider.

Large numbers of Brits are buying a property in Spain, in coastal resorts in particular and this trend will only increase as the baby boomers retire. This will ensure the growth in demand for many decades to come, driving the prices upwards!

Please contact Barry to set up a meeting for an informal discussion if the purchase of an overseas property appeals to you.