The WhatHouse? Top 10 overseas homes destinations
PUBLISHED: 11:48 26 August 2014 | UPDATED: 11:55 28 April 2016
Property portal WhatHouse? have reported extremely high interest in the overseas market sector ahead of their inaugural property exhibition, on 27 and 28 September 2014 at the Hilton Brighton Metropole.
Show director Andy Grimley says “many potential buyers have been priced out of the UK market – particularly in London and the South East - and have turned their attention to international property as a good investment. Savills has registered a 57 per cent rise in website searches for homes across Europe and Knight Frank has seen registered property searches in Spain and Portugal double in the last year.” He added “Economic factors such as the strengthening pound and the fact that, in principle, 100 per cent mortgages are available on bank-owned stock in countries such as Spain also contribute to this recent surge in popularity for overseas property”. Here Keith Osborne, editor of Whathouse.co.uk, tells us his top ten countries to invest in property abroad, why, and which developers to go with.
Costa Del Sol, Spain
Now could be the time to take the plunge into Spanish property and especially in this popular coastal region. There are some great bargains to be had and the property buying process has been tightened up, so it’s a safe bet. You still get the sun, sea and sand as well as superb hinterland scenery, top golf courses and first-class holiday amenities, plus easy connectivity from all over the UK.
There’s a sizeable expat population from Britain already smitten by the glorious climate and low cost of living here at the heart of the Turkish Riviera, as well as the great hospitality proffered by the local people. Ölüdeniz Beach will be a magnet for sun-worshippers, but the area offers mountains and numerous historic sites too and a great mix of villas and apartments for sale.
Ko Phi Phi, Thailand
This beautiful island is accessible only by ferry (about 90 minutes from Phuket) but offers fantastic beaches, clear waters and dramatic rocky cliffs. Think “The Man With The Golden Gun”. Though there are some restrictions on overseas ownership of property in Thailand, the climate, friendly locals and low living costs are irresistible.
La Rochelle, France
Where to pick as a favourite location in our diverse near-neighbour? La Rochelle offers a climate akin to the Riviera but without the hefty property price tags and is easily reached by air, road and rail. Combining history with great modern amenities, this Atlantic harbour town is a yachting haven with an expanding marina and great mix of traditional and new-build homes.
The Algarve region in the south of Portugal needs little introduction, with its high-quality developments, terrific beaches and numerous championship golf courses. Lagos is located along the wilder and less developed Western Algarve. You get the same quality of climate, facilities and food but without the crowds of the busier central part of the coast, and more value-for-money in property.
Florida is a great place to buy a holiday home. Families will love it for Walt Disney World Resort and the other major theme parks, but there are also fantastic beaches and a host of challenging golf courses to tackle. Miami is a growing commercial hub, so there are investment opportunities too, and many spectacular new developments coming through. Then US property market is starting to recover, so prices are considerably cheaper than before the crash of 2007/8.
There’s a long historic connection between Britain and Cyprus, and driving on the left and widely-spoken English are just two reasons to consider it as a holiday home or even retirement location. Its 365-days-a-year fine climate makes it a great permanent home for sun-starved Brits. Prices fell during the Eurozone crisis but things are stabilising now and a ‘Golden Visa’ residency offer on those investing more than €300,000 might seal the deal for some property-hunters.
Sharm El-Sheikh, Egypt
This Red Sea resort is a destination with great beaches and excellent coastal scenery. Divers are attracted from all over the world to its superb clear waters and abundant sealife around its coral reefs. It’s geared up for tourism in a big way, with good shopping and nightlife, so there could be opportunities to rent out your holiday home to others who can enjoy a warm and sunny climate 12 months of the year.
Sophisticated St Lucia’s two ‘pitons’, volcanic plugs which stretch up well over 700 metres over the surrounding landscape, are a national symbol as well as a World Heritage Site. Soufriere in the south and Castries in the north are two of the most popular places to settle and enjoy the Caribbean climate and lifestyle, though those prepared to explore the island will find numerous other resorts and beaches less populated.
The region of Tuscany is one Italy’s most expensive real estate regions but its mix of spectacular landscapes, gorgeous climate, heritage cities, exceptional produce and beautiful, traditional homes means it’s always on the wish-list of those seeking their own corner of this fascinating country. Of course there are sprawling villas costing millions, but also much more affordable, high-quality conversion apartments from where you can explore Tuscany’s many attractions.
Whathouse? is launching its inaugural property exhibition on the weekend of 27 and 28 September 2014 at the Hilton Brighton Metropole. The exhibition will interest anyone looking for new-build homes for first-time buyers, upsizers and downsizers, re-sale property available via local and national agents, investment opportunities for buy-to-let and holiday homes, retirement and age-exclusive developments, and overseas homes.
Visit www.whathouse.com for further details on tickets, exhibitors and show opening times.