The UK based overseas property portal Rightmove overseas has released figures indicating that, Bulgaria, Cyprus, Madeira, Turkey and India could be the sought after destinations for international real estate buyers.
The report from Rightmove overseas seems to indicate that the regions that are being researched by potential buyers are seemingly holiday destinations. My experience operating Homesgofast.com has shown that the overseas property sector is strongly aligned to holiday destinations. Foreign buyers often sample the life in the region as a holiday maker and fall in love with the location. Investors tend to go where the transport links are good and house prices low.
Interest in Cypriot property is up. It comes as no surprise that buyers have been curious about Cyprus and that searches are up for Cypriot property The combination of the banking crisis and house prices falls, buyers will looking to see what they can get with their money. We all love a bargain and buying below market value can often mean a profit is made on the purchase!
A property search at international portal Homesgofast.com reveals that Paphos, Larnaca, Limassol, Famagusta and Nicosia regions are all offering great value for money. You can find a cheap holiday apartment for less than 125,000 GBP is this the time to buy?
The Portuguese Island of Madeira also saw a substantial increase in interest with searches having risen 105% month on month and Turkey has risen to 11th most popular destination, replacing Germany.
Property for sale in United Arab Emirates saw increases and so did Bulgaria and India.Will Dubai see the huge demand of previous years?
Bulgarian regions Varna, Burgas, Dobrich and Sofia remain places of high interest Homesgofast.com feature several houses in need of repair for under ÃÂ£10K!
My thoughts are that the previously boom regions of the world are still attractive destination and that there will be pent up demand for international real estate. Investors and lifestyle buyers will want to move on with their lives and their plans to buy abroad.
The trend for overseas buyers with a desire for Spanish property appears to be one where they head for the Spanish islands. Proof of this is that Mallorca features in the Rightmove report as the most searched area in Spain by buyers.
Ã¢â¬ËMarch saw a record 5.4 million searches conducted on Rightmove Overseas. Traditional relocation destinations such as Australia, New Zealand and South Africa all fell in activity and emigration thoughts turn to summer holidays,Ã¢â¬â¢ said Shameem Golamy, head of Rightmove Overseas.
Download the full Rightmove Overseas report here
The overall trend for both Rightmove Overseas and Homesgofast.com is upward as buyers research the markets.
Author : Nick Marr