Category — Market Research

BuyAssociation.co.uk property editor Paul Collins predicts the best countries for overseas property in 2008.

Predicting the next big markets for overseas property buyers is becoming increasingly difficult as time moves on, as there are now few developed countries where British buyers have not started to pick up property and develop or improve it. With the increasing influence of low-cost airlines on how we decide on and take our holidays, along with the demise of the traditional package holiday, owning a holiday home is more and more the norm for the general public.

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This time last year, we didn’t even know what a credit crunch was. Now, the term laces every property conversation, along with widespread apprehension over just how far its insidious tentacles will stretch. But the year began optimistically, with the European Union’s two newest members, Bulgaria and Romania, expecting to enjoy the boom that this seal of approval brings. As it has turned out, prices for off-plan properties in Bulgaria haven’t soared as expected, says Robin Barrasford, of Barrasford and Bird. Currently, they remain stable. However, the resale market is seeing bigger leaps in value, with demand for resale properties up 70 per cent on last year and sellers making profits of about 45 per cent.

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BuyAssociation.co.uk Property Editor Paul Collins predicts the best countries for overseas property in 2008.

Introduction
Predicting the next big markets for overseas property buyers is becoming increasingly difficult as time moves on, as there are now few developed countries where British buyers have not started to pick up property and develop or improve it. With the increasing influence of low-cost airlines on how we decide on and take our holidays, along with the demise of the traditional package holiday, owning a holiday home is more and more the norm for the general public.

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The Buying Process

1.  Research the area.
There are lots of companies selling French Property.  Firstly, we recommend that you do a bit of research on the area where you are considering buying.  If you are going to spend hundreds of thousands of euros on a property, why not spend a couple of euros researching the topic

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A huge demand for homes in the sun has seen Britons’ spending on properties overseas increase by 45 per cent in four years. The number of them owning second homes abroad now exceeds a quarter of a million people, at 257,000.

The official Social Trends report today says British families have invested more than £23 billion in overseas property, with most of that invested in Spain and France although increasing numbers are turning to Canada, the Caribbean and New Zealand.

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