Over sixty percent of property investors have reported that, according to a recent 'Correct Decisions' overseas survey, their investments in overseas properties have far exceeded their expectations.
More than half of the investors indicated that the primary source of returns from overseas property investments comes from high rental service. Timing is a critical factor for overseas property investors; so which countries are they most optimistic about in 2014?
1. Spain
Why has Spain become the preferred holiday destination for the British? The answer lies in its pleasant weather and short flights. Additionally, for investors, the property prices along the southern and eastern coastlines of Spain have dropped by up to fifty percent compared to 2007 prices. It is best to invest before the Spanish economy recovers and property prices rebound. The Costa del Sol and the Costa Blanca are likely the areas with the highest transaction volumes in the survey, and these two places receive an average of 500,000 searches each month.
2. The United States
Following the global economic recession, in 2012 alone, the number of properties reclaimed by Bank of America reached two million. This led to an uptrend in the rental market, compelling investors to purchase properties with rental agreements located in high-yield areas. The transaction volume in certain districts in Detroit and New York illustrates this phenomenon. In fact, since the announcement of Detroit's bankruptcy in July of that year, searches for properties in that area surged by 243%. Meanwhile, apartments near the Disney parks in Orlando have also attracted considerable attention from investors due to their high returns.
3. France
France has always been one of the popular countries for the British to acquire a second home or become permanent residents, thanks to its proximity to the UK. Certain selling strategies such as leaseback have consistently attracted investors. After securing the opportunity for leaseback, investors purchase properties held freehold and then lease them back to the selling company. Currently, there are many new properties available in France offering such opportunities.
4. Greece
The economic issues in Greece have not deterred investors seeking vacation rental properties. Reports show that from last year to date, the search volume for properties in Crete and the Ionian Islands has increased by sixty percent.
5. Italy
