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How to get the best overseas property bang for your buck
| Published: | 23 May at 6 PM |
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Tagged: France, Spain, Visas, Property Abroad, Australia, UK, New Zealand, Canada, Germany, Ireland, Emigration, Pension Transfer, England
When you’re considering emigrating or investing your pension pot in overseas property, it’s difficult to decide which country gives the best value and the best chance of long-term returns.
A recent world survey by the Organisation for Economic co-operation and Development, (OECD) offers information on property prices in most popular locations, linked to the economic prospects of your chosen country. The report also identifies regions in which real estate is overpriced.
Unsurprisingly, property in the UK and the majority of EU member states is considered overpriced by around 30 per cent, and this list includes Canada, Australia and New Zealand. In all these locations, real estate prices soared during 2013, and are still rising.
France and Norway are also on the overpriced list, but real estate in Germany, the Republic of Ireland and Portugal can be had at a bargain price. The costs of bricks and mortar in Japan have failed to respond to the Asian country’s successful 2013 stimulus programme, and fell last year by a further two per cent, making the country the cheapest market in the OECD.
Even Spain, with its rock-bottom house prices in favourite expat destinations, has five per cent further to fall, according to the OECD report. As long as buyers are sure of the legality of freeholds and building permits, the Costas are a great place for a bargain basement deal nowadays.
A recent world survey by the Organisation for Economic co-operation and Development, (OECD) offers information on property prices in most popular locations, linked to the economic prospects of your chosen country. The report also identifies regions in which real estate is overpriced.
Unsurprisingly, property in the UK and the majority of EU member states is considered overpriced by around 30 per cent, and this list includes Canada, Australia and New Zealand. In all these locations, real estate prices soared during 2013, and are still rising.
France and Norway are also on the overpriced list, but real estate in Germany, the Republic of Ireland and Portugal can be had at a bargain price. The costs of bricks and mortar in Japan have failed to respond to the Asian country’s successful 2013 stimulus programme, and fell last year by a further two per cent, making the country the cheapest market in the OECD.
Even Spain, with its rock-bottom house prices in favourite expat destinations, has five per cent further to fall, according to the OECD report. As long as buyers are sure of the legality of freeholds and building permits, the Costas are a great place for a bargain basement deal nowadays.
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