Property Abroad –Why Stop At Europe?

Authored By: Craig Broadbent

The majority of people from the UK investing in property abroad buy in Europe; but markets elsewhere are also very attractive. So why do people only look to mainland Europe?

The reason many people choose Europe is because it offers easy access. Low cost flights from most UK airports mean that nearly all of Europe, and particularly the more popular holiday destinations, are easily accessible to a wide range of people. This means that you can own a holiday home that you can get to in a couple of hours.

For others, though, there are countries outside Europe that are desirable places to buy property abroad. At the moment, these are being bought largely for investment purposes; they can bring in good rental income and are likely to rise in price over the next few years. The most popular places to buy property abroad outside Europe at the moment are:

• Morocco – with its ancient culture, great weather and proximity to Europe, Morocco is becoming ever more popular with people looking for property abroad. It is still a relatively short flight away, but its culture and lifestyle are so different from the UK that it is attractive to a large number of people. Rental incomes are good here, and it is a growing market for overseas owners.

• Dubai – the amount of property for sale in Dubai has grown enormously over the past few years. Developments are rampant at present, and apartment buildings and townhouses are all being built alongside great facilities and amenities. Tourists flock to Dubai for its mix of fabulous shopping, great weather and Arabic culture, and the city is only going to increase in popularity in years to come.

• Goa – Lovers of India have been visiting Goa for decades, but people are only just starting to look at it as a serious choice for buying property abroad. Its beaches, food and culture make it perfect for Brits trying to escape the UK winter and more and more property is becoming available to overseas buyers here.

• USA – Florida has typically been the destination for people wanting to own property abroad. It is still the most popular area for overseas buyers, but other parts of the USA are now opening up, including ski resorts and the west coast. Although more expensive to travel to, the similarities in language and culture make the USA an easy place to move to.

HolidayHomeNow has been set up to provide useful, practical information for those people researching and looking into buying a second property or holiday home abroad. For more information have a look at their website Property Abroad

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