Over sixty percent of real estate investors reported that, according to the recent "Correct Decision" overseas survey, their investments in overseas properties have far exceeded their expectations.
More than half of the investors indicated that the most significant returns from investing in overseas properties come from high rental services. Timing is a critical factor for overseas real estate 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 flight times. Additionally, for investors, the property prices along the southern and eastern coastlines of Spain have dropped by fifty percent compared to 2007 prices. It is best to invest before the Spanish economy recovers and property prices rise. The Costa del Sol and the Costa Blanca are likely to be the areas with the highest transaction volumes in the survey report, and these two locations also have an average of 500,000 searches per month.
2. United States
After the global economic recession, in 2012, the number of properties repossessed by American banks reached two million. This led to a bullish rental market, prompting investors to prefer purchasing properties with lease agreements located in high rental yield areas. This phenomenon can be observed in the transaction volumes in certain districts of Detroit and New York. In fact, since the bankruptcy announcement of Detroit by the supervisory committee in July of that year, the search volume for properties in that area has increased by 243%. Meanwhile, apartments near Orlando's Disney Park have also attracted many investors due to their high returns.
3. France
Due to its proximity to the United Kingdom, France has long been a popular country for the British to acquire a second home or become permanent residents. Some sales strategies, such as sale and leaseback, have always been very appealing to investors. After obtaining the opportunity for sale and leaseback, investors purchase freely held properties and then lease them back to the selling company. Currently, there are many new properties in France that offer such opportunities.
4. Greece
The economic issues in Greece have not deterred investors seeking vacation rental properties from making purchases. Surveys show that since last year, the search volume for properties in Crete and the Ionian Islands has increased by sixty percent.
5. Italy
