Boxer Joe Calzaghe is into overseas property in a big way with the help of UK based agents The Right Move Abroad. The undefeated world super middleweight boxing champion knows a bargain when he sees one and has bought in numerous places abroad
The 35 year old Welshman is slowly building up an overseas property portfolio he has property in Turkey, Bulgaria and Egypt. In an interview with the Daily Mail Joe Calzaghe said ‘I did some research, bought a few overseas property magazines and contacted The Right Move Abroad. I have bought all three foreign investments through them. He explains that favoured sunshine destinations and anticipates that he will visit his place in Turkey on regular basis.
With worries of bombings in Egypt his purchase of an Egyptian property was initially some what of dilemma for him. He said “ At first I was in two minds because of the bombings a few years ago, but property prices are low compared to many other sunny locations so I thought I would go for it” He purchased a one bedroom apartment on the Red Sea coast. He is know considering a private property at Regency Beach Resort near Hurghada
Jeremy Casey of The Right Move Abroad ‘Egypt appeal is growing. It has guaranteed year-round sunshine, diving facilities that are amongst the best in the world and plenty of flights from Britain that make it easily accessible.
Joe Calzaghe joins a trend in overseas property investment , this includes the UK which has been attracting a substantial amount of overseas investors. According to a new report from Royal & Sun Alliance one in every three commercial properties in Britain is owned by overseas investors.
The study has revealed that investment in commercial property in the UK has grown by a third since the turn of the century, with the total value of the sector now standing at £741 billion – an increase of 20 per cent in the last seven years.
Such trends have likely brought with them in increase in the number of Commercial Mortgages being taken out, with overseas investors now owning approximately a quarter of all commercial buildings.
