Best Places to Buy a Property Aboard in 2018
If you are looking to get away from the UK and buy your own property aboard, whether that be for a holiday home or for the purposes of a domestic dwelling, we have you covered in this guide as we have put together a list of the best and most popular places to buy aboard in 2018 along with our reasoning’s.
Plenty of people choose to find a home in a different country as part of their retirement plan and live out the rest of their lives in luxury, soaking up the sun after years of hard work, whereas other brits see it as an investment to purchase a home abroad to save money on accommodation when they go on their holidays. Post-Brexit Britain is making living abroad permanently more attractive to some, so they are choosing to relocate altogether.
You can also check out our guide on things to look out for when buying a property aboard to get yourself clued up before making the jump. One of the things you did need to consider when looking to buy aboard is affordability, especially when it comes to exchange rates and mortgages. If you do not have time to get a mortgage sorted before completing on a property, consider a bridging loan. A bridging loan is a type of short-term finance which basically acts to ‘bridge the gap’ between you and the mortgage, allowing you to obtain the property without a mortgage being cleared. This can then be paid off over time.
Anyway, let’s get into the most popular places to buy a home in 2018.
In France, there are actually plenty of quite affordable regions which are tempting to brits. France spoils you for choice as it is the largest nation situated in Western Europe and apparently the most visited country in the world. Therefore, whether you are wanting a home in the mountains, by the beach or in the city centre, France can provide any of these to you.
Spain remains one of the most popular holiday-home and retirement destinations for Brits and that trend doesn’t appear to be changing anytime soon. However, a few years back buyers dropped off the Spanish market due to the economic problems within the country, but they are back and in full force. Many people are also considering the Spanish Canary Islands.
Spain offers a sunny lifestyle and various regions to choose from. This year affordability is a big driver in people choices and the southern Costa Blanca is becoming highly popular as an affordable destination. Meanwhile, places like Marbella and Estepona are still highly expensive areas to buy a property in – they are both fashionable locations.
Florida offers warm weather all year round, some of the best entertainment on the planet, relatively cheap flights and English-speaking culture. The size of the home you can get for your money is also very good value compared to the size of properties in the UK.
Buying a holiday home in Florida is a no-brainer for plenty of people as it is only eight-hours away from the UK, offers a blissfully warm climate, a first-world economy and plenty of malls, beaches and theme parks.
2018 is a good year for Portugal and is set to be one of the most popular destinations for property purchasing. The culture is known to be laid-back and friendly, which when coupled with an affordable country in general, it appears to be the perfect place to buy.
The most popular place for brits in Portugal is The Algarve, both for holidays in general and in terms of purchasing a property.
Croatia has become increasingly more popular recently. It is the host of the set for some of the worlds most loved shows and films, such as James Bond, Mama Mia and the infamous Games of Throne which is filmed in Dubrovnik. If you visit Dubrovnik, you can actually go on a Games of Throne tour.
Whilst Croatia is becoming more and more fashionable, it is rather expensive to visit. This is, however, one of the reasons people want a permeant property there. They do not have to fork out for accommodation each time and/or they can rent the property out when they are not there.
There are plenty of unspoiled islands for you to purchase property on. On top of the heat, the amazing scenery and the endless beaches, the prices for houses in Greece fell by 30% in many locations around the country. This has helped many cash buyers’ dreams of owning a property in sunny Greece to come true. Furthermore, the low threshold of Greece’s “golden visa” scheme has got the interest of non-EU investors to islands such as Rhodes. The recession over there has also been a catalyst for the building of more large holiday home developments to encourage people to purchase property and contribute to their economy.