- March 11, 2018
- Posted by: simplyearnresearch
- Category: Uncategorized
The past few years have been sobering for global property. Falling house prices have torpedoed buy-to-let markets all over the world. But millions of Britons are still tempted by the dream of buying a property in the sun, spending their holidays there and converting it into a nice little earner in their old age. Sinking hard cash into an overseas property always comes with risks. Yet there are a number of destinations where investing now looks far more attractive than 12 months ago. Some markets that nosedived – for example, Spain – show signs of bottoming out, and offer good value again. In other parts of the world, such as the Caribbean, overseas buyers are being targeted with significant tax incentives. Here are 20 hot spots where investors in all price brackets can find good value in 2014.
A city perceived as a magnet for beautiful people will always buck national trends. This probably explains why Barcelona is looking a better bet than the still struggling Costas. Alex Vaughan of Lucas Fox reports sales turnover is up by 250 per cent on a year ago. The Spanish government is wooing overseas buyers, and stylish two-bedroom apartments in classic buildings are available for about £400,000. This could be the perfect time to invest in a buy-to-let property in a landmark European city.
The French property market was in the doldrums, but has been given a welcome fillip by the recent 25 per cent cut in capital gains tax. This has induced many high-end sellers to offload their properties, while the going is good. “The top end of the market will certainly continue to flourish, and we have seen a surge in inquiries for St Tropez, Cap d’Antibes and Cap Ferrat,” says Tim Swannie of Home Hunts.
On the market: Six-bedroom villa at St Jean Cap Ferrat, £13.3m with Home Hunts