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Investment
Despite the recent slowdown in UK property prices, many parts of Europe are still seeing double-digit capital gains - in some cases still well in excess of 20% per annum. This is due to a number of factors;
- The lower mortgage interest rates in the Euro zone.
- The decline of traditional package holidays in favour of 'residencial tourism'
- The projected financial benefits that EU membership will bring to new member countries.
- The desire of large numbers of British and other Northern Europeans to either own a second home, or retire to sunnier climes.
- The general healthier and more relaxed continental lifestyle.
- The potential to generate rental income.
- General dissatisfaction with the pace of life in the UK.
If proof were needed, a recent report published by Barclays suggested that over a third of all UK residents would like to buy property overseas and more than 10% fully intend to do so over the next 3 years. In addition, a recent report by financial analysts Experian confirmed that over the next decade, more than 50% of the regions of Europe that are predicted to have the highest growth are in Spain. This will clearly have a beneficial effect on both employment and the demand for Spanish property.
We think that the locations we offer, provide our clients with a great blend of affordability with solid investment and/or rental potential, in safe and familiar locations (most of which are within a couple of hours flight from the UK) and with these factors in mind, we are continually looking to widen our portfolio of locations and properties.
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