 | Property Mart |
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It was reported recently by independent experts at BuyAssociation that the three most popular destinations for British retirees are France, Spain and Portugal - three of the longest serving stalwarts of overseas investment for Britons. However, it appears that countries such as Bulgaria, Italy and Cyprus are quickly catching up with the traditional retirement detinations, as their economic situations and tourist industries improve with time and investment. Nowadays there are more properties to buy abroad than ever before, and there has never been such choice insofar as variety of destination, climate, and type of properties. While Spain property makes up a large proportion of British investment, many countries are currently nipping at the heels of the above three most popular destinations. Property in South Africa has generated plenty of interest in recent years due to the country's beautiful climate, the natural beauty of its surrounding environs, and the wide range of affordable properties available. Properties in Mexico have also become popular in recent times, mainly due to the American housing boom fizzling out in 2006, and Mexico picking up the pieces. Mexico's variety is astounding, not only in its demographic range but also in the climate and terrain: the north is mainly rocky desert, while the south is covered in lush rainforest - the Tropic of Cancer essentially divides the country into temperate and tropical zones, making it an excellent base for adventurous types. While the choice on offer for overseas property can seem fairly daunting, there is a country in the world for everyone; and while France, Spain and Portugal may still rule the roost for British expats, with the current scope and range of investment abroad, only time will tell where we might be retiring in the not-too-distant future. |