France, Spain & USA top overseas property lists
Despite property buyers looking further afield and in more unexpected overseas locations than before, the old favourites remain top of the list for Brits looking for a holiday home. That’s the result of a recent article in the Independent on Sunday on holiday home ownership.
Countries outside the Eurozone problems such as Turkey and Switzerland remain popular, but keep reading to find out the top three chosen destinations for British buyers according to the newspaper.
Perennial favourites remain popular with overseas property buyers
France remains the most popular choice with British buyers according to the report carried out by foreign exchange experts Caxton FX. The proximity to the UK remains a big draw and property prices in the country haven’t seen large falls such as in neighbouring Spain.
French property specialist Nicholas Leach said: “France is still the most visited country in the world, and is unlikely to stop attracting international tourists, whether they are coming for the French Riviera, skiing in the Alps, for the scenery or for the culture and food.”
The second most popular location on the list was Spain – a perennial favourite with British buyers.
Marc Pritchard from housebuilder Taylor Wimpey España told the Independent on Sunday: "A home from home for many, Spain's climate, infrastructure, ease of access from the UK, combined with good hospitals and healthcare system, political stability, timeless tourism appeal and affordable housing market draws buyers in their droves.”
However, it’s never been more important that you carefully research your property before you buy in Spain. Hundreds of horror stories have been reported in the press over recent years and while there are some great property bargains to be had, make sure you get proper advice before you buy.
The third most popular place to buy a holiday home according to the Caxton FX report is the USA. Mortgage finance can be an issue if you’re looking to snap up a Florida villa, but experts believe that prices have bottomed out and that now is a great time to buy.