British homebuyers look abroad
www.moneynews.co.uk > Housing market > British homebuyers look abroad
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Money News |
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British homebuyers look abroad
Tue 16th Jan 2007
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In particular, many Brits still favour old favourite France as the perfect destination for a second home, according to property firm Assetz.
But where the southern parts of the country such as the Cote d'Azur traditionally attracted British investments, it seems the focus has shifted more to the west.
Assetz claimed both the Languedoc-Pyrenees and Brittany are set to become hotspots this year, as capital growth of property in these areas could reach eight per cent.
The company's managing director, Stuart Law, explained that France remains "a firm favourite with British investors", despite the emergence of new hotspots such as Bulgaria and Romania.
"While capital growth might be slower than in emerging European markets, France competes very successfully due to low deposit requirements, worldwide appeal as a holiday destination and a straightforward purchase process," he said.
Meanwhile, the Evening Standard reported that another location that has recently come to the fore where foreign property investment is concerned is Germany's capital Berlin.
It claimed some £7 billion was spent on real estate in the city last year, with the majority of these transactions conducted by international investors.
Related News : Housing market |
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