Overseas Property a Solid Investment

It has been reported that research carried out by Mintel Research has found that one in three Brits are now thinking about emigrating. It has also been revealed by a recent Holiday Lettings’ Insights Report that a quarter of us are looking to invest in a holiday home abroad. Spain has been cited as the second most popular destination.

France is still the top destination for those looking to invest overseas, and enquiries for both locations have considerably increased over the last three years due to the fact that investors continue to look to destinations they know will be a solid investment.
 
The overseas investment market remains strong thanks to the mortgage availability as overseas mortgage providers lend to foreign investors at very reasonable rates. There are also falling property prices currently, with some falling by as much as 50%. Meanwhile, historically low interest rates have added to the appeal of overseas property investment. When buying overseas, however, it is important to remember costs such as holiday home insurance, amongst others.

Furthermore, the French mortgage market has remained strong and currently offers the widest range of finance options along with the best available rates in Europe for a buyer from the UK. Rates, at the moment, begin from just over 2%.

Meanwhile, Spain offers good mortgage availability too with smaller deposits being required in areas where house prices remain more resilient, for example, Madrid and Barcelona, the Balearics and the Canary Islands.