Why Brits Rush To Sell Homes Overseas

The Global Financial Crisis and
in particular the Euro crisis has meant a rush to sell some holiday homes and
second homes abroad.  Overseas
property portal Homesgofast.com report a 30% increase in homeowners listing
properties for sale in April 2012. The bulk of these homes come from Portugal Spain and not
surprisingly Greece.

Nick Marr director
Homesgofast.com “ Owners have not fallen out of love with their homes abroad ,
the rush to sell it seems is all about confidence and fear of the unknown.
People don’t want to take the risk that their property may drop in significant
value. The positive to this is that we have properties being offered for sale
at a fraction of the valuations , it’s a strong buyers market.”

James Price, head of
international residential development at
Knight Frank, said
that many Britons had previously seen European properties as attractive
short-term investments for their rental incomes. That has now changed.

HIFX  research shows that 39 per cent of Britons are looking to
sell up in Greece, 34 per cent in Spain and 23 per cent in Portugal.

Cheap property in Spain

The exchange rates and low demand
has meant some real bargains in Spain ideal for those seeking to retire abroad
and not seeking a high return investment. Lifestyle buyers are now spoilt for
choice and are firmly in the driving seat when it comes negotiations.

Selling a Property Abroad

Homesgofast.com recently
introduced a new marketing network for agents, developers and individuals.
Listings appear on a number of websites including HomesGoFast.com The Move
Channel, A Place in the Sun, Move Worldwide and Zoopla Overseas.

Developers and agents

As well as providing a global
marketing platform for individual sellers, we also offer developers and agents
the chance to market their properties through us.  We’ve teamed up with Lead Galaxy – the industry leaders in
advertising overseas property for sale – in order that your properties will be
advertised on a range of leading websites with combined visits of over 6
million per year.

Nick Marr, director of Homes Go
Fast, said: “With our
new network those agents and owners who remain with old favourites such as
Rightmove Overseas should re-examine the breadth of the exposure a single
website can give.

 

Homesgofast.com