Hike in demand for property overseas |
There was a significant rise in the number of Brits seeking to buy a home overseas during the first quarter of 2012 compared to the final quarter of 2011, according to the latest quarterly index released by the OverseasGuidesCompany.com (OGC). |
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Contact Information |
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Mike Jones
Today SiteAngels House, 5 Albemarle Road, Beckenham
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India
0845 075 0152
propertyoverseas2011@gmail.com
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There was a significant rise in the number of Brits seeking to buy a home overseas during the first quarter of 2012 compared to the final quarter of 2011, according to the latest quarterly index released by the OverseasGuidesCompany.com (OGC).
The latest report by OGC, which provides free property buying guides to 15 countries, showed that France attracted 22% of all enquiries during the first three months of this year, more than any other country. Spain pulled in the second highest share with 16%, followed by the USA with 15%. Significantly, the next most popular, Australia, had just 9%.
The total number of enquiries received by OGC for its country specific guides grew by 38% quarter-on-quarter, namely from 4,677 in Q4 2011 to 6,468 in Q1 2012. Encouragingly, the year-on-year growth was far greater – a staggering 128%, from 2,843 in Q1 2011.
Richard Way, Editor of OGC commented: “Discounted prices are not the only driver in France and Spain at the moment. The last month or two has seen Sterling creep up in value against the euro, partly due to the festering Eurozone debt crisis; so that the current exchange rate is the most favourable it’s been for a year and a half for Brits exchanging pounds. We are also seeing close to a six month high in the value of the pound against the dollar which could be responsible in part for driving the US property market. Our sister company, Smart Currency Exchange, has as a result been able to secure some very favourable rates for buyers and vendors in each of these countries.”
He added: “In Spain one of our partners is promoting brand new two-bedroom apartments close to the beach in Almeria for less than £100,000, secured with just a £5,000 deposit and the rest covered by finance. Also a partner in France is marketing a traditional four-bedroom home in the Charente for just £90,000.”
In the USA, there are more positive economic indicators, certainly than those coming out of Europe which has led analysts to believe that the downturn in Florida’s property market has bottomed out. Prices, as well as the theme parks and year-round sunshine, have a lot to do with its popularity.
Way continues: “Our partner who operates in the popular Orlando area is currently promoting a four-bedroom detached home in Kissimmee for just $75,000, around £43,000, with a return on investment of 9.5 -10.6%. That same realtor is also promoting a one-bedroom condo for $29,000, less than £19,000 along with a swish three bedroom family home on a golf and country club community in Sarasota on the Gulf Coast for just £135,000.”
For more information, visit: http://www.propertyoverseastoday.com/news_features/hike-in-demand-for-property-overseas
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| Related Tags: Overseas Property News, Property Overseas News, Overseas property Information, overseas homes rentals, overseas mortgages |
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