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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.
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.
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 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. If you are thinking of buying or selling abroad, speak to someone who knows what they’re talking about before you make any decisions. Our team of highly-trained specialist consultants can answer all of your property related questions.