With the British Pound stronger than ever before, there has never been a better time for UK nationals to buy overseas property. So, which are the best places to buy abroad? We have a list of the top 6 global property hot spots, which offer great value for the intelligent investor – both in terms of lifestyle as well as capital appreciation. Let’s find out more about them….
Barcelona is a beautiful city with beautiful people. It is also where the world’s most popular football club, Barcelona FC and its team of superstars led by the legendary Lionel Messi is located. Even if you’re not much of a football fan, Barcelona holds a plenty of attractions for you. Overseas investors can’t get enough of Barcelona. Lucas Fox, a property developer in Barcelona who sells mostly to overseas investors, reported a 250 percent increase in sales this year. Properties in Barcelona are reasonably priced compared to London – a classic two-bedroom apartment can be bought for about £400,000, which is a good price to pay for the privilege of living in one of the world’s greatest cities.
There’s more to Brazil than football – it is one of the most dynamic economies in the world with one of the best performing property markets. Steps taken by the Brazilian government to ease regulations related to foreign ownership of property has helped to increase interest in the country by quite a lot. Attempts have been made to end the housing shortage in the country, with tens of thousands of luxury apartments under development in cities such as Rio de Janeiro, just waiting to be sold. Overseas investors are attracted by the incredibly open and diverse Brazilian culture, the beaches and the great climate.
The South of France or the French Riviera is one of the more desired destinations in the world. Not only is the entire region naturally beautiful, it is clean and safe, with a first rate infrastructure. The locals are friendly too, which helps. The French Riviera has always attracted high-end property buyers from around the world. Estate agents have reported a surge in the number of inquiries for properties in St Tropez, Cap d’Antibes and Cap Ferrat.
Who wouldn’t want to live in Tuscany, Italy? Tuscany is known to be one of the greatest tourist destinations in the world. Living here is an absolute privilege as Tuscany is one of the best places to live in Europe. The lifestyle is relaxed, pleasant and laid-back. The infrastructure is world class and the people, rich and beautiful. And everybody loves Italian culture, wine and food. What’s not to like about Tuscany?
Dubai is perhaps the most luxurious place to live in the world. Dubai is safe, peaceful and very, very rich. The city has been built by enormous oil wealth and it shows – wealth can be seen in every nook and corner of Dubai. When you buy a luxury apartment in Dubai, you make a statement about your success – it’s a sign that you have arrived. The best part is that property prices have declined substantially over the last 3 or 4 years in Dubai. So you can get the most luxurious apartments for a fraction of what it would have cost you just 5 years ago. There’s never been a better time to buy property in Dubai.
The Algarve, Portugal
The Algarve offers the most relaxed and laid-back lifestyle in the world. The climate here is bright, sunny and perfect 365 days a year. It is also one of the safest places in the world, with a really low crime rate. The people are warm and friendly, and the culture is open, transparent and very cosmopolitan and diverse. The best part is that properties in the Algarve, Portugal are very affordable right now. You can buy a luxurious three-bedroom villa with a pool for just £300,000. There is also a huge British expat community in the Algarve, so you will never run short of friends.