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| Buying Property Abroad Thnking of buying a house in Spain or somewhere else abroad? Post about your questions, answers, and experiences here. |
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Research from financial website, fairinvestment.co.uk, indicates that 44% of Britons would be willing to move abroad in order to get a foot on the property ladder. Eight per cent of respondents to the survey had already made a purchase overseas, making a combined 52% of first-time buyers either prepared to buy overseas or having already [...]
More: First-time buyers look to overseas property markets |
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i'm first time buyer from London. even i can't buy 1 bed room flat in London in current market situation.
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Were based in Tomar, Central Portugal and have had first hand experiance of this happening, we recently had two couples from England that had problems getting on the property ladder, so their first house purchase was with us in Central Portugal.
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www.gekkoportugal.com A guide to buying property in Portugal www.chavetejo.com INCI Estate Agents, AMI 7856 |
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Yes I have similar experience with younger couples coming out to Bulgaria where they can get a decent house and large plot of land for under 25,000 Euros, much less if they want to do renovations. But you still need to consider how you are going to earn a living in a foreign country, even if you can afford to buy there, you cannot live off thin air.
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Properties for sale in Bulgaria from 4,000 Euros |
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If the desire it to get on the property ladder I'm not really sure what the benefit of buying abroad is. Surely there are additional fees in the purchase, and to be fair in most places prices have fallen due to the recession. It it was me I would be looking more towards things like co-ownership housing, buying a property with friends, that kind of thing.
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I've read a lot of info about that and I agree. There has been a study about that. First-time buyers unable to get on to the property ladder in the UK are investing in property abroad.
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Hello donnaphipps49
could you kindly let me know or post the mentioned study where is made by? or where can I find it? Regarding property investment, personately I am not sure if it will be a good idea to invest with friends or co-ownership. Cheers |
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