Overseas property buyers stick to old favourites

Overseas property investors are sticking to the more traditional locations according to the latest ‘hot spots’ report compiled by Conti. Almost a third (31%) of enquiries received by the company so far this year have been for France, followed by Spain at 22%. Enquiries for both locations have increased considerably since 2008, as buyers shun the emerging markets and put their trust in the more established destinations.

Turkey has maintained third place and increased its share to 13%. Portugal and Italy have also advanced up the table, to fourth and fifth places respectively, whilst interest in both Bulgaria and the USA has declined over the last year.

According to Conti, the smart investor is no longer simply looking to where the best bargains for a swift return can be found, but to where security lies for a longer term investment. Last year, the concentration of some investors on emerging markets was starting to erode the lead of the traditional ones. This year, the tables have turned. Buyers are sticking to locations they know and trust, but it’s not that alone; affordable prices, low interest rates, easy access and good rental yields have all contributed to the enduring attraction of these destinations.