Property in
London U.K
Britain's property market has enjoyed the longest and most consistent boom
in living memory since the early 1990s, particularly around London and the
south east of England. This, combined with the continued strength of
Sterling on the international markets, means that there has never been a
better time for British homeowners to invest in a second home abroad. The
price of a basic, one bedroom flat in most parts of
London can buy somewhere significantly more spacious in almost any other
city in the world, or a reasonable chunk of countryside if you want to 'get
away from it all'.
The strong Pound means that
properties are available to British buyers all over the
world and we are taking up this option in record numbers. Traditionally, the
most popular destinations for investment have been the sunny, Southern
European locations such as Spain, Cyprus, Turkey and Portugal. The
properties Cyprus has to offer are bathed in more sunlight each year
than almost anywhere else in Europe. It is important to
do your research before investing in the island as it is still subject
to a territorial dispute between the Greek and Turkish governments, both of
whom claim it as their own. Property in Northern Cyprus is subject to the
laws that govern
properties in Turkey, while the rest of Cyprus is administered under
Greek regulations.
A more familiar market to
many people in the UK is that for
Spain properties. Spain still sees the largest amount of British
property investment and it is little wonder, with glorious weather, sandy
beaches and enchanting towns. For many people there is also the draw of
being able to live abroad and still conduct the majority of day to day
business in English. Whole communities exist in parts of Spain where Spanish
is less commonly spoken than English or German.
Interestingly, there is not
the tradition of property ownership in
Germany that there is in the UK. As a result,
houses to buy in Germany represent excellent value for
British buyers. Rental returns are not particularly high, but Germany's
fantastic cities and tranquil countryside are great places to own a second
home. Germany is also within easy reach of Britain by air or road.
If tranquil countryside is
what you are after,
Hungary properties offer some unexpected treats at fantastic value.
Capital city Budapest is predictably expensive, but outside of the city
there is a huge range of property available to suit every budget.