|Overseas investors choose emerging markets|
Almost 40% of potential overseas investors would invest in emerging markets, followed by beach destinations (19%) and existing markets (15%) according to a poll by The Homebuyer Show.
This indicates that people want to make the most from their money by investing in areas that provide long-term growth and high capital gains, such as the Eastern European countries of Bulgaria and Slovakia.
In fact, over 25% of the people polled are buying a property overseas for long-term capital gains, with the intention of using it as a holiday home coming in second (21%) and short-term holiday lets third (20%).
The poll also revealed that over 50% of people believed that if an area is a budget airline destination, this increases its appeal and investment potential.
Other catalysts for an area’s investment potential are if it is a member of the EU (22.41%), if there are new facilities (10.34%), and if there is an international event, for example the Athens Olympics, (5.17%) or extensive media coverage (5.17%)
Nick Clark, Managing Director of The Homebuyer Show, said: “Buying a property overseas is becoming a lot easier, with many of our exhibitors looking after the entire procedure from initial visit to signing the contract.
"An entire section of the show is dedicated to buying homes abroad, ranging from traditional markets such as Spain, Florida, France, Greece and Italy, to emerging markets such as Bulgaria and Shanghai.”