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Old favourites Continue to be Popular for Property Abroad

Date: 30.07.2006

France and Spain, traditionally popular areas of for UK investors considering property abroad, continue to be in demand despite new emerging regions, according to reports.

According to property specialists Assetz, Cyprus, Bulgaria, Romania, Malta and Estonia have all been growing in popularity as areas for overseas property investment.

The emergence of these areas has been attributed to factors such as strong capital appreciation, highly affordable properties and the creation of new routes between UK airports and major cities in these areas with low-fares airlines.

The area of Bansko in Bulgaria has proved a popular area owing to the ski resorts it boasts and the Black Sea coastal areas in this country and Romania have also attracted overseas property investors.

Despite all of these factors, however, traditional areas such as France and Spain continue to attract demand, as they offer warm climates and picturesque scenery but are still conveniently close to the UK.

Areas such as Andalucia and Murcia in Spain continue to be fashionable, while regions such as the Alsace in France are traditionally in high demand.

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