Buy property abroad

Cape Verde is becoming a destination of desire for Brits looking to buy property abroad, according to the latest research.Currency specialist HiFX found that the number of Brits enquiring about property on the island more than doubled – and almost trebled – since March 2006.While just five per cent of enquiries about buying property abroad were about Cape Verde in March, by July the...

The number of Brits choosing to invest in the Bulgarian property market has had an overwhelming impact on one small town in the country.According to a report in the Independent, the influx of Brits has turned the town of Bansko in Bulgaria into a "small corner of Britain in a foreign field", as the country continues to prove popular for overseas property investment.With the area offering fantastic skiing...

French property has been described as a potentially favourable area for investment, with certain regions emerging as surprise hotspots.According to property specialists Assetz, the conditions for overseas property investors are currently positive in France, with the country seeing its largest degree of growth since 2000 in the second quarter of this year.The French economy, the second largest in the...

The Canadian property market is set to offer increased levels of supply to overseas property investors in the near future, with a record number of housing starts measured in July.Construction was commenced on 236,500 units last month – an increase of 100 units compared to July, figures from the Canada Mortgage and Housing Corporation (CMHC) show.On a seasonally adjusted basis, the annual rate of...

Bulgaria's progress towards accession to the EU, a development which could make the country's property market substantially more accessible for overseas investors, is moving forward well, according to an EU official.Justice and home affairs commissioner Franco Frattini said that he was "more optimistic" about the country's progression following his most recent visit, according to Overseas Property...

Investors are being warned away from banks when changing the thousands of pounds needed to buy a foreign property. According to brokers Foreign Currency Direct, buyers could have lost £1.8 billion due to poor deals on foreign exchange, banks typically giving worse rates for Euros than brokers. Yet 86 per cent of people buying abroad still use their bank, Commercial FX claims. "To make the most of...

Prospective overseas property investors have been offered some advice by financial website This is Money on the essential steps that should be taken before making an investment. Research is an essential precursor to buying a property abroad, the website states, with the internet providing the perfect forum on which to do this. Gain as much information as possible about the country you are interested in and...

A new survey has found that the lifestyle offered by investing in a property abroad is more of an incentive for most individuals than the profit that can be gained. According to research conducted by YouGov, 62 per cent of people see the chance to live in warm, sunny weather as the main benefit of living abroad, Overseas Property Professional magazine reports. Half of the people surveyed saw moving...

The Central American country of Costa Rica has been identified as one of the most popular areas for overseas property investment for retirees, business owners and second home buyers. A multiple listing service has also been incorporated into the property market in Costa Rica, augmenting the growing popularity of the sector by providing a central forum on which buyers and sellers can do business. Among the...

The Chinese deputy director general of the Department of Foreign Trade & Economic Cooperation has paid a visit to the Sabban Towers property development next to the Porto Arabia marina in Qatar. Underlining China's support for Qatar's burgeoning property sector, Da Jiaxiang saw that the construction of the luxury residential apartments and penthouses was on schedule, with 60 per cent of the piling work...