Obelisk International assesses the British interest in overseas property.
British bargain hunters are fuelling a boom in house prices across the world as more and more look to overseas property as a secure investment option.
It is estimated that at least 350,000 British choose to turn their backs on the UK every year and that already around 8% of the country’s population live overseas – higher than the French, Italian or American ex-pat figures.
Far more people however, are now buying foreign property as second homes, buy-to-let investments or as an alternative to failing pension plans. HIFX’s internal research revealed that more than 29 million Brits would like to buy a property abroad and that 11 million could realise that wish within the next five years.
So why are the British so keen to buy abroad? Obelisk International found that several reasons can be attributed to this thirst for overseas property investment: the first is that owning foreign property has become much more acceptable and less of a luxury only afforded by the upper echelons. The plethora of property shows on TV have helped to educate and dispel myths so that many now realise just how attainable owning that place in the sun really is.
Secondly, Obelisk International’s research found that, with property prices continuing to rise in the UK, the option of investing in a second property at home is simply out of most people’s reach – add to this the low cost of property in the ‘emerging’ markets of Eastern Europe, Morocco and Turkey, for example, and its easy to see why Brits are so keen to sow their investment seed abroad.
Increasingly, British holiday makers are taking care of their own vacations; booking their flights on line from low cost carriers and searching for an apartment or villa to rent whilst away – all good news for buy-to-let investors. The improved accessibility of many destinations also opens them up for the latest investment phenomena “jet-to-let”, where buyers use their property abroad themselves, as much as they let it.
“With relatively few bargains to be found in the UK, tens of thousands are looking abroad to invest in a cheap holiday home for either short term investments or as part of a long term pension plan” comments Kevin Prior, Sales Director at Obelisk International.
As returns of 100% are not uncommon in some markets, foreign property investment can offer a lucrative source of income. Invest in the short term to raise capital, in the longer term as an alternative to other investment avenues such as the stock market, or perhaps join the many thousands already out there and sell up, move abroad and bask in the sun having established a solid pension fund!
For more information on investment hotspots and to find out about Obelisk International's exciting new projects, contact Kevin Prior, Sales Director, Obelisk International. +34 952 820 319 or kprior@obeliskinternational.com
About Obelisk International.
Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility and impressive financial performance. Their service to investors is based upon three main principles: price, profit and performance.
CONTACT
Press Contact: Santiago Sanchez-Lozano, Marketing Manager, Obelisk International, +34 952 820 319 or santiago@obeliskinternational.com - http://www.obeliskinternational.com/
It is estimated that at least 350,000 British choose to turn their backs on the UK every year and that already around 8% of the country’s population live overseas – higher than the French, Italian or American ex-pat figures.
Far more people however, are now buying foreign property as second homes, buy-to-let investments or as an alternative to failing pension plans. HIFX’s internal research revealed that more than 29 million Brits would like to buy a property abroad and that 11 million could realise that wish within the next five years.
So why are the British so keen to buy abroad? Obelisk International found that several reasons can be attributed to this thirst for overseas property investment: the first is that owning foreign property has become much more acceptable and less of a luxury only afforded by the upper echelons. The plethora of property shows on TV have helped to educate and dispel myths so that many now realise just how attainable owning that place in the sun really is.
Secondly, Obelisk International’s research found that, with property prices continuing to rise in the UK, the option of investing in a second property at home is simply out of most people’s reach – add to this the low cost of property in the ‘emerging’ markets of Eastern Europe, Morocco and Turkey, for example, and its easy to see why Brits are so keen to sow their investment seed abroad.
Increasingly, British holiday makers are taking care of their own vacations; booking their flights on line from low cost carriers and searching for an apartment or villa to rent whilst away – all good news for buy-to-let investors. The improved accessibility of many destinations also opens them up for the latest investment phenomena “jet-to-let”, where buyers use their property abroad themselves, as much as they let it.
“With relatively few bargains to be found in the UK, tens of thousands are looking abroad to invest in a cheap holiday home for either short term investments or as part of a long term pension plan” comments Kevin Prior, Sales Director at Obelisk International.
As returns of 100% are not uncommon in some markets, foreign property investment can offer a lucrative source of income. Invest in the short term to raise capital, in the longer term as an alternative to other investment avenues such as the stock market, or perhaps join the many thousands already out there and sell up, move abroad and bask in the sun having established a solid pension fund!
For more information on investment hotspots and to find out about Obelisk International's exciting new projects, contact Kevin Prior, Sales Director, Obelisk International. +34 952 820 319 or kprior@obeliskinternational.com
About Obelisk International.
Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility and impressive financial performance. Their service to investors is based upon three main principles: price, profit and performance.
CONTACT
Press Contact: Santiago Sanchez-Lozano, Marketing Manager, Obelisk International, +34 952 820 319 or santiago@obeliskinternational.com - http://www.obeliskinternational.com/
posted by Obelisk International at 10:26 am
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