that has so many wanting to buy overseas? If you're stuck at home, in the cold, wondering what to watch on TV, missing so much what is out there, just beyond your reach, you should know that it might not be that difficult and, above all, that you're not alone, even though it might seem like it. According to a Mintel survey a couple of years ago, 54% of UK adults stated that they would like to buy a property abroad in the next five years. This is a staggering number. Of these people 36% say that they would prefer Spain and the rest are spread across preferences in France, Italy, Portugal, the US - now dropping again as the dollar weakens - and then far away places like Thailand and Cape Verde.
The reasons cited had little to do with the destinations themselves. People wanted to get away. Overcrowding, traffic, crime issues and the cost of living were the main reasons given in the survey.
The Tsunami and 9/11 had contracted the spreading waves of UK buyers, driving them back into the closer destinations. Now, several years on this tendency has remained quite solid and the "established" markets like Spain and The Algarve have benefited from this.
The recent credit crunch clearly can not contract the market geographically, but it is affecting prices. This pressure has driven prices down and so, as we commented in an earlier Blog, we have seen a return to the older, more established markets. Markets where the steady price increases of the past few years had acted as a barrier to many buyers.
This barrier has now dropped and so, at perhaps the worst time for the overseas market, some incredible bargains are starting to emerge. Not only is Spain the NEW Spain, but the Costa del Sol is the new Costa... again.
So if you are one of the people who want to get away some time in the future, make the move sooner rather than later. You will never get value for your money like you can get now.
Examples we have picked up from the Internet of great opportunities:
Property in Costa del Sol - 50% off!
Silver Coast, Portugal, Reduced prices
Both of these developments are finished and we have snagged some properties there and they are perfect for permanent living.
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