For many people, investing in property abroad usually means choosing locations such as a favourite holiday hot spot. For buyers who desire a little bit more security for their cash there are some recognised property locations abroad that are worth checking out.
Property Investment in Cyprus
Cyprus has climbed steadily over the years and is one of the top countries abroad for UK property buyers. Cyprus is considered a very safe investment with a healthy and ever growing tourist industry that is perfect for buy to let investors. Cyprus has full EU membership and the legal system in place is based on the UK legal system. An excellent climate, stunning beaches, and the ability to gain 100% mortgage funding places Cyprus well ahead of other investment countries.
The Always Popular French Property Connection
France has always been a popular overseas buying option and is consistently in the top five overseas properties location guides. The diversity of this country and easy access from the UK has always made France a winner with investors. Another plus point is that a greater number of French citizens rent their homes rather than buy, which is good news for the buy to let investor. A strong tourist market, rental yields of around 7% to 10%, and attractive tax breaks make France a wise choice.
Living in America
Buying property in USA is usually regarded as a good investment for either a second home option or the buy to let market. USA boasts a huge diversity of locations, an excellent tourist market, a straight forward purchasing procedure and a good standard of living. Property prices are comparatively low compared to other countries and locations such as Florida have no off peak season, again great news for buy to let investors.
Lucrative Property Investments in United Arab Emirates
Dubai and Abu Dhabi are two of the most well known locations in the United Arab Emirates. There are also five other emirates to choose from when considering property investments. One of the major plus points is of course the tax free status. Other major buying incentives include rental yields of around 6% to 10%, comparatively low property prices and fabulous year round sunshine. The UAE is also considered one of the safest locations for property in the world.
Spain, the Property Buyer’s Dream Location
Spain has always been a dream location for many UK buyers thanks to the fantastic climate and laid back lifestyle. Spain is a stable country politically and economically and property prices have been rising steadily. Mortgages are available and can be found at around 80% loan to value. Spain also has a great number of dilapidated properties in the rural areas that can be purchased at a low price and are ripe for development. This is one country where property can easily be bought and that first step onto the slippery property ladder can be made.
Excellent Buy to Let Market in Turkey
Around 26 million holiday makers head for Turkey every year making this country a buy to let dream. Turkey’s property market is rising rapidly and looks set to become even more popular. The excellent climate and lower cost of living also make Turkey a magnet for the retirement abroad sector. The economy in Turkey is strong and although property prices have risen there are still good property bargains to be found that will yield a good return.
Bargain Property in Exotic Malaysia
The Malaysian property market is showing excellent growth potential and the government actually encourage foreign property investment. Tourists flock to this part of the world thanks to the low cost of living and the year round tropical climate. Purchasing costs are extremely low and the demand for good quality rental accommodation is high. The economy is stable both politically and economically, and Malaysia boasts a first class industry and support structure as well as a modern lifestyle.
Excellent Early Investment Opportunities in Bulgaria
Bulgaria has steadily grown in popularity and there is still time to invest in low cost, high quality property. Tourism has grown by around 70% over the last few years and the cost of living in Bulgaria is extremely cheap compared to the UK. Beautiful beaches, major ski resorts and demand for good quality holiday homes mean that the property market in Bulgaria is booming. Buying off plan is the best bet in order to maximise value for money.
Low Property Prices in Egypt
Egypt is another property investor’s dream thanks to property available at around £30k, a low cost of living, and a fabulous climate. Government incentives are drawing property investors to Egypt, and the country does have its own built in tourist market. Egypt has no capital gains tax and property taxes are significantly less than those paid in the UK.