Richard Butler Creagh: Real Estate Abroad Part II

In the previous article (Part 1),  we talked about best locations that are the best places to buy real estate overseas. In “PART 2”, I’ll continue sharing real estate property listing. Here it goes.

Greece.  Investors and people interested in buying real estate abroad are coming to Greece in search of cheap real estate. Due to the economic events the average prices seem to be lower however there a big spread of prices. Crete is the most popular. Real estate prices lower than in Spain and Portugal. New low cost flights to Greece, UK and Crete also determine this.Agios Nicolaos is at the forefront of popular cities to buy real estate in Greece. After this is Elounda, Apokoronas near Chania in Crete, Neapoli and Kerkyra on the island of Corfu.

Italy. Italia is always a "strong" country when it comes to popularity among investors and people interested in buying real estate with an appetite for "Bela Vita". Real estate prices more expensive than Spain and Portugal, with an average price of £254,000. Historic cities, great architecture, great food, all this encourages investors to buy a house or apartment in Italy. Scalea in Calabria in the south of the country. And in the popular Tuscany are cities like Fivizzano, Chianni, Licciana Nardi.

Cyprus.  Still a very popular place for British real estate to buy. The average price of Cyprus property is £133,000. And the most popular places to buy Cyprus property are around Paphos, Peyia, Kato Paphos, Talo and Chloraka. There are not so many new properties being built like in Greece, and it is worth focusing on the secondary market if you are thinking of buying an apartment or house in Cyprus.

Florida. Friendly Florida with English language and Anglo-Saxon culture. Real estate prices soared. The average price of real estate among those looking for in Florida is £385,000. In addition to Miami, where real estate prices are sky high, it's worth heading north to Florida theme parks. Developers and real estate agencies offer properties with a "rent guarantee". And prices around Orlando are still "reasonable" for a European and it is worth investing there, for example, in an apartment for rent.

Barbados. Not everyone is bothered by over 7h flight from Europe and high real estate prices, but Barbados is still strong investment place. The strong roots of the British community and high property prices within £350,000 do not alienate buyers and investors. The most popular places to buy real estate in Barbados are Westmoreland, Sandy Line, and Holetown. Also, around Mullins and Speighstown. It always was and is an exclusive place to invest capital.

Richard Butler Creagh helps companies to raise finance in ways that is sometimes out of reach for mainstream lenders. Getting bridging finance is a big financial decision and choosing the right provider is crucial. Have a look Richard Butler Creagh website here. Check out the Richard Butler Creagh Twitter page to learn everything you need to know about bridging loans & short term finance. Richard Butler Creagh also has a library of real life bridging finance scenarios showing how bridging finance lenders have helped a range of diverse clients here. You can also learn more about bridging finance by reading Richard Butler Creagh indepth guides about all aspects of bridging loans here.

 

Richard Butler Creagh: Real estate abroad

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.

FranceAlthough 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.

Check back for more!

Richard Butler Creagh helps companies to raise finance in ways that is sometimes out of reach for mainstream lenders. Getting bridging finance is a big financial decision and choosing the right provider is crucial. Have a look Richard Butler Creagh website here. Check out the Richard Butler Creagh Twitter page to learn everything you need to know about bridging loans & short term finance. Richard Butler Creagh also has a library of real life bridging finance scenarios showing how bridging finance lenders have helped a range of diverse clients here. You can also learn more about bridging finance by reading Richard Butler Creagh indepth guides about all aspects of bridging loans here.