Buying property abroad has become increasingly popular with the
British and Northern Europeans for various reasons, mainly the warm
climate, affordable prices and investment opportunities. With the poor
returns on the stocks and shares market and uncertainty of pension
fund's future, more and more ordinary people invest their hard earned
cash into bricks and mortar by buying a property abroad.
Our business associates provide ltd companies and specifically limited company formations and limited liability partnerships, also for non-residents UK company formation is provided at low cost by established company formation agent.
Retirement abroad is no longer the prerogative of rich and famous.
The dream of owning a property overseas turns into reality for hundreds
of thousands of British people every year. Increasing number of
pre-retirement age and the middle aged are buying overseas property
(villa or apartment) in the hope to use it as a permanent or
semi-permanent home in their forthcoming retirement.
What lures Britons to leave their homes in UK and look for the best
place to live is not just a warm climate. Lower cost of living is also
taken into consideration by people looking for a better quality of life,
to what their UK pension can provide. Property in Turkey and Bulgaria
is becoming increasingly popular choice for retirement abroad for the
above reasons.
Spain and Cyprus remain a popular destination to retire due to the established social communities and high standards of living.
More and more couples consider choosing to buy a second property
abroad and use it as a holiday home in summer and winter. Apartments in
Spain have always been Britons favourite place in the sun to take
holidays or short breaks. With the costs of travel dramatically falling,
it is becoming cheaper and certainly more exciting to go abroad. Also
the weather is guaranteed!
A lot of ordinary people realise that buying overseas property can
not only become an ideal holiday home, but also provide a steady
rental income. Think where you go to take a short winter break or spend
Christmas - the Canary Islands (Tenerife)! Now imagine owning an
apartment in Tenerife and be the lucky owner who also gets the rental
income!
Property for sale in the emerging markets of Turkey and Bulgaria in
the past few years has become a big attraction for investors and holiday
home owners as they provide an affordable opportunity to own a place in
the sun.
Buying property abroad and home has proven to be an excellent
investment over the long term. Although it should never be overlooked
that buying overseas property does not guarantee the increasing price in
the short term, it is certainly a winner in a long run. An underlying
asset of the investment cannot be wiped out as easily as the value of
the stocks and shares, thus is less risky than other more traditional
forms of investments.
It is a known fact that borrowing against your existing property is
significantly cheaper, which makes it possible to create a portfolio of
properties and benefit from the tax breaks that stocks and shares cannot
offer.
More and more ordinary people realise the benefits of buying overseas
property rather than shares and include Spanish property into their
portfolio of investments. More sophisticated and informed investors
diversify their risk and maximise their returns by investing in emerging
property market of Turkey and Bulgaria.
The proposal regarding the possibility of including overseas property
in your pension fund is a possibility in the future, so watch this
space and review your pension portfolio with a financial advisor in the
next few years as big changes are on the way!!!
Spread you risks, create a balanced portfolio of real estate investments!
Spanish property markets (Costa del Sol and Costa Blanca in
particular) have been the first coastal resort areas, where British
people discovered Spain. These property markets were pioneers in
attracting foreigners to buy property here. With growing
demand for properties in the above areas, lack of planning permission
regulations, some parts of these beautiful costas have been overbuilt.
Costa del Sol and Costa Blanca property markets have now matured and
provide lesser investment opportunities; however there is a big
advantage of these areas - the established infrastructure, that makes
these places ideal for retirement abroad or holiday homes.
By trial and error the property markets in up and coming areas of
Spain are offering much more - good value for money, facilities,
infrastructure that was frequently overlooked at the infant stages
of the Spanish property market development. Costa Calida and Costa de
la Luz are the future of Spanish property market.
This trend will continue despite the doom and gloom of some
pessimists as the competitive Spanish mortgages open up the market to
more people and therefore the demand will not reduce.
Large numbers of wealthy Northern Europeans are buying a property in
Spain, in coastal resorts in particular and this trend will only
increase as the European baby boomers retire. This will ensure the
growth in demand for many decades to come, driving the prices upwards!
With the overwhelming supply of new developments coming in different
parts of the world, growing number of the property exhibitions and UK
property agents, as well as press and media coverage of different hot
property destinations, it is easy to overlook your own objectives and
jump on the band wagon.
We are here to help you to fulfil your dreams either you are looking
for the best place to live, a holiday home in the sun, retirement home
or investment.
Pick up the phone - and we
will talk you through the options of buying an apartment or villa in
Spain, buy to let apartment in the Canary Islands (Tenerife), holiday
apartment in Bulgaria or permanent home (villa or apartment) in Turkey.
The choice is yours!
Do it sooner than later as the prices are increasing!
