Where in the world for property investment?
The choice is becoming global - even in the “credit crunch”, foreign property is in great demand.
Are people really looking for property?
Recent research found that nearly 40% of Brits regularly surf the web looking for property and over one in ten (14%) property website users admitted to spending more than an hour a week searching for homes online. The worst addicts were true property obsessives, with 1% of site users spending more than three and a half hours a week looking at homes on the web.
The new generation of property websites gives people more choice and information. This means that, whether you’re a real house hunter or a dream home surfer, you’re going to have access to the widest possible range of overseas properties and location can be anywhere in the world!
Where are they looking?
Did you think the “popular” countries Spain, France, Italy, Portugal? Nowhere in the Top 10! Recently on a UK site’s top 10 of Overseas Property destinations (for sales enquiries) featured at #1 was …. wait for it Sri Lanka! Well known for Tsunamis and civil unrest. OK - the island is beautiful and the destination is popular for honeymoons. Land values in Europe are rising fast, but they are rising much faster in places like Sri Lanka, where they are starting from a far lower base. Of course, pricing is very attractive and must be one of the main selling points - land at ВЈ5000 per acre!
Other countries in the Top 10 were USA, Morocco, Bulgaria, Canada, Mexico, Thailand, Cyprus and Austria.
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