Hot Spots For Investment Properties Overseas

Manhanttan, New York

This one is a given. Property prices in the “big apple” have always been higher compared to other cities around the world. But despite this top tier status, Karen Mansour of Douglas Elliman Development claims that NYC real estate continues to boom, especially in the financial district.

Elliman cites that new property developments like the new World Trade Center is putting the area in the line of significant growth. Current prices for luxury flats in the area of 75 Wall, in the heart of the Financial District, start at £480,000.

Barcelona, Spain

Unlike the Costas and other parts of Spain where house prices have taken a huge nose dive, Barcelona remains one of the top places for overseas property investment.

Why? Alex Vaughan of Lucas Fox reports that Spanish authorities are wooing foreign buyers by putting stylish 2 bedrooms in the city up for sale at the rate of £400,000, a two-bedroom apartment in the heart of old town, however, costs a bit more at £543,000.

If you’re looking to invest in prime investment property at a landmark European city, then now is the best time to buy in Barcelona!

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If you have the money, investing in Tuscany may yield good profits down the track

Tuscany, Italy

To be honest, property values in Italy have been on a never ending rollercoaster ride for the years following the global financial crisis. While the top-tier market for buy-to-let properties remain bouyant, the same cannot be said for the other sectors.

That being said, however, owning a house or any piece of real estate in Tuscany is the dream for a lot of people, so whether the property depreciates in value or not, you would still be the envy of some, if not, all of your friends!

There is demand for well-located pied-à-terre, and some favourable tweaks to the Italian tax system kick in this year. Beauchamp Estates is currently selling classic villas on a private estate near Arezzo, for £1.5m. If you have the funding for high-end properties, investing in Tuscany can be a very lucrative prospect down the track.

Turkey

The number of foreign investors buying property in Turkey, most notable Istanbul, rose by 78 per cent in the first half of 2013.

Julian Walker of Spot Blue International Property explains that majority of their clients was initially composed of British buyers, but more buyers from the Middle East are coming into the market. He says that more of them are seeing Turkey as a good place for property investment.

Zell Am See, Austria

Giles Gale of Mark Warner Property says that there is money to make in Austrian buy to let property, but you have to know where to look for the right property to make the big bucks.

In 2013, property values in the country experienced a 10-15 per cent growth thanks to high demand for top-quality developments and low supply. Apartments at the Alpin See resort in Zell Am See are currently on sale from £300,000.

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