Latest overseas property market update

Autumn in the Foothills

Autumn in the Foothills

Buying property overseas is proving more popular this year than it was in 2013 says the latest quarterly report from the Overseas Guides Company.

Spain, France and Portugal remain the most popular countries for British people to buy an overseas property, with Italy and Turkey bringing up the rear. The firm found that between January and September 2014, there was a 17% increase in enquiries for overseas property compared to the same period last year, rising from 29,299 to 34,287. For the third quarter of 2014, enquiries were up by 4.1% year on year, from 10,518 to 10,957 in the third quarter of 2013.

The months of April to June continue to be the most popular months for would be homebuyers to view and complete on overseas properties, the firm has also found.

Looking ahead, continued growth is expected in the key markets, with mortgage rates in the Eurozone remaining at historic lows and sterling likely to maintain a comparatively strong value against the euro.

There is also a sentiment that the bargain prices of homes in popular parts of Spain, France and Portugal won’t last forever, with signs that hotspots are already seeing slight price rises.

The recent Overseas Guides Company reader’s survey also showed that, for those people considering buying property abroad, Spain, France and Portugal are the most popular countries on the wish list.

France remains a firm favourite; not only have house prices across the country remained stable over the last year but the quality and variety of property combined with lifestyle factors, means that France is still one of the best value, safest and most popular place to buy a property overseas.

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