The British – as you probably know, lead the nations that buy real estate abroad. And they mainly drive real estate markets in the most popular locations to buy real estate not only in Europe but also in the world. The best example of this is the Spanish real estate market.
Buying real estate aboard is not only an apartment or holiday home, but also as a capital investment and as an investment that is expected to bring stable cash flow from real estate.
If you are interested in real estate markets around the world it is worth looking at some facts and statistics. Over the past few years, the same countries are in the top most popular places to invest in real estate in the world.
Spain. The most favourite destination for buying property, by English investors and families looking for a second home for vacation or moving to Spain. Spain has been the number 1 property buyer abroad for many years. It is a place for those who are looking for a Life in a warm country. Property prices in Spain have been rising steadily over the past few years and still, Spain remains relatively cheap compared to other warm countries. The average property price in Spain in 2018 was £117,131. Which places are the most popular in Spain for buying property abroad by foreigners? Most foreigners buy real estate in Torrevieja on the southern Costa Blanca. Next is Camposol near Murcia. The town of Estepona on the Costa del Sol, Villamartin on the Costa Blanca near Orihuela Costa and Condado de Alhama near Murcia – one more good places to buy a property at a golf course in Spain.
France. Although not as popular as Spain for the purchase of foreign real estate, France among the British “home buyers” occupies a leading place in our statistics and portal “Home in the Sun”. Closeness, beautiful properties and charming locations are decisive. Both in the south of France on the Cote d’Azur and the northern outskirts of France. The profile of a client looking for real estate in France is slightly different than, for example, Spain. They are mainly people looking for real estate for retirement. “Full time” pensioners who are looking for a quiet life in France, mainly in rural locations. Farms, country houses and country properties are selling. The average property price in France was £137,000. It’s still more attractive real estate prices compared to Great Britain. In addition to the Cote d’Azur, the most popular places to buy real estate are Britain in the north of France and around Nancy and Morbihan.
Portugal. Real estate in Portugal is not cheap in Europe. Portugal is more expensive than Spain and France. The average price of real estate is £220,000. According to data from “Home in the Sun”. Buyers with a higher budget seem to be choosing Portugal to buy a holiday home. Great climate, friendly nation, beautiful scenery of the south of the country, i.e. the coast of the Algarve. Real estate maintenance costs in Portugal are also higher than in Spain. Albufeira, Faro and Portimao are cities that the British choose to buy property in Portugal. Poles are also buying property in the Algarve.
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