The Canadian province of Newfoundland has seen property values rise to record levels recently, but the home costs are still well below the national average. This east coast province, officially named Newfoundland and Labrador and bordering the Atlantic Ocean, has some of the most spectacular coastline anywhere and is an outdoor lover’s dream.
The province consists of Newfoundland Island, with the majority of the population, and Labrador, the more northern land area that is less populous. The capital city of St. John’s on the island of Newfoundland is one of the oldest cities in North America, and is the easternmost major city on the continent. The bulk of people live in and around St. John’s, the commercial capital of the island and province.
The coastline of the island has some spectacular scenery, and it is becoming a holiday spot for outdoor enthusiasts. Whale watching is very popular, as are fishing and hunting expeditions. Real Estate buyers and investors who are interested in having a second home or sporting lodge would do well to look at Newfoundland. With large amounts of land and not a lot of people, property is priced for those who want to buy.
A good example of the type of property available is this Newfoundland Home For Sale located on the north of the island near Green Bay, it has 4,400 square feet of living space and overlooks the South Brook River – you can even fish from the deck! It is currently listed for $650,000 Canadian or approximately £327,000 and comes completely furnished. This is just one example of the opportunities that are available in this part of Canada.
Newfoundland is most easily reached by air through St. John’s International Airport. There are flights to major cities in Canada and the US, and seasonal flights to the UK. There is also a regional airport at Deer Lake, about an hour’s drive south of Green Bay.
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