Christmas spirit is in the air and the shops are filling up with people on the lookout for gifts for their loved ones.
Article written by The Overseas Guides Company
Although finding cheap deals in the shops might not be an easy task, across the world property bargains are waiting to be snapped up as vendors try desperately to secure sales.
Richard Way, Editor of The Overseas Guides Company (OGC), gave us his opinion: “2012 has remained very much a buyers’ market and as things start to slow down and move towards 2013, properties in many popular places continue to be discounted. However, even in a depressed market there are bad deals, good deals and exceptional deals – finding the last types, which are typically below market value, is the tricky part!”
Let’s take a look at Florida. Buyers have found that foreclosed or short sale homes are the best buys. However, as the market continues to improve, these types of bargains are becoming more few and far between.
One attractive offer in Florida is this cluster of foreclosed homes close to Disney. Where once they were on the market for as much as $345,000, they are now available for under $100,000.
Richard was quick to point out: “The key point here is that these units are zoned for short-term rentals, so could be let to holidaymakers as well as to local residents on a long-term basis.”
It’s not just Florida where bargains can be found. There are numerous reduced properties on the market on the Costa Blanca. The price of this three-bedroom detached villa in Villamartin was recently dropped by €25,000 – an astonishing saving for savvy bargain hunters out there.
Another factor benefiting bargain hunting buyers is the fact that the euro – and to a lesser extent, the US dollar – has weakened. Richard concluded: “At the start of the year, one pound bought you less than €1.20, while today the rate is hovering around €1.24, giving Brits that extra bit of buying power. Who knows what 2013 will bring. We always recommend using Smart Currency Exchange to send money to and from foreign currency accounts in order to get the best possible rates”.
You can download Smart Currency Exchange’s free report explaining how to save valuable money on foreign currency transfers by clicking here.
To understand the full step-by-step process to buying a property in America or a property in Spain, collect The Overseas Guides Company’s ‘USA Property Buying Guide’ or ‘Spain Buying Guide‘
The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc