Any good overseas markets?

[bozman]

This is a very interesting thread for me. I bought my first overseas property 10 years ago in France and it has done exceptionally well for me. During the last 2 years I've been starting to think about buying another one, and have been researching a few markets.

I like the idea of Spain for the sun (I'll also use it as a holiday home) but I'm still worried about the market over there and how much further it might fall given the continuing problems in the Eurozone. I was shocked to read that there are still over 700,000 properties sat empty or unfinished in Spain.

I'm all for buying at the bottom but this to me indicates that prices could fall quite a bit further yet.

I'm currently doing some research in to buying in the Caribbean and will post my findings here when I've reached a conclusion.

[Jeannie D]

Has anyone else picked up on the French government's recent reform of CGT for second homes in France. Instead of tapered relief over 15 years, the qualifying period has been doubled to thirty years. I'm not sure how many people own, or intend to own, a holiday home for thirty years but it's unlikely to be many. This - together with changes to the double taxation rules for government service pensions - may well prompt a flurry of second homes on the market.

[Helen_M]

Why not Spain? The prices are better than ever!