Investing Abroad 10 04 2008 - News Archive

Investing Abroad

Due to the property market in the UK many investors are now looking abroad to increase their portfolios. It was reported that since September 2007 the number of UK investors looking for overseas property via the internet has increased by 96%.

Bulgaria is still a popular choice and during 2007 around 40% of property sold was to overseas buyers. Property prices in Bulgaria have risen by around 32% in the popular resort areas.
Egypt is another up and coming resort with many property prices below £20k and expected growth of 30%.

Recent research has found that nearly ten million Brits are looking to purchase abroad during the next 12 months. Four million of these people are choosing to move abroad on a more permanent basis. The report also found that around 14% where first time buyers who could not get on the property ladder in the UK.
 
:: Added on: 10:04:2008 ::

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