Upward pressure is back in the UK property market, with the average house price rising steadily this year to £168,000. In sought after parts of the country, this might buy you a flat, terraced house or semi, but are you wondering what £168,000 could get you in some of our favourite overseas destinations?
Article written by The Overseas Guides Company
“In popular areas of Europe and the Mediterranean, prices are taking much longer to recover from the downturn, so for sensible buyers, purchasing abroad is certainly attractive,” said Richard Way, Editor of the Overseas Guides Company. “British buyers should also factor in the effect exchange rates could have on the cost of their purchase in Sterling – and always use a currency transfer specialist, such as Smart Currency Exchange – and not forget to include associated buying costs when calculating their budget.”
Spain’s Costa Blanca remains an all-time favourite with British and northern European holiday homeowners, as well as resident expats. The choice of resale and new homes is extensive, with prices remaining way below the peak of the market in 2007. In the southern part, in the popular resort of Villamartín, with its three golf courses and proximity to beaches at Playa Flamenca and Punta Prima, £168,000 will bag you a smart three-bedroom villa with its own pool. This property, on the market for €190,000, includes two bathrooms, a solarium and patio.
A hop over the Channel takes you to Brittany, where the picturesque coastline, rustic French lifestyle and indulgent food will always draw British property-owners. The historically low mortgage rates currently available add to France’s appeal. Not far from Saint-Malo ferry port, £168,000 will get you a pretty three-bedroom longère, a traditional single storey home, in Tremblay. This stone property, on the market for €196,100, oozes authentic features and includes a conservatory, workshop and 3,273-sq-metre mature garden!
Meanwhile, for Disney fans who enjoy winter sunshine and the excitement of Florida, now could be the time to purchase a holiday home in the US. Prices in the Sunshine State are starting to rise again, as the US economy and housing market gets back on track. In the popular Davenport area, close to the theme parks, right now £168,000 will get you an incredible six-bedroom, three-bedroom property with a private pool and Spa. This single storey home, on the market for $255,000 and sold fully furnished, is in a short-term rental zone so could be let to holidaymakers.
A simple way to save money when buying overseas is to use a currency exchange specialist when transferring your pounds into a foreign currency to complete the purchase of your property. For more information on this, download Smart Currency Exchange’s free report or visit the Currency Zone.
For more information on buying property successfully in Spain, France or the USA, download the Overseas Guides Company’s free Spain Buying Guide, France Buying Guide or USA Buying Guide – and start receiving free news updates by email.
