Properties in Europe
Buying property in Europe can seem like a daunting affair, especially in light of evolving market trends, financing opportunities, and government transitions. If you’re not sure where to invest, the following list may help guide you towards popular—and potentially profitable—areas.The commercial boom of the past has past, but nice return potentials are still possible. In addition, investing in commercial UK is a fairly stable option, as commercial leases typically last up to 25 years. Investing in residential property isn’t as clear cut, though, as buyers must often set up companies to “shelter” their purchases and avoid costly taxes. However, for those who learn how to navigate the maze created by UK capitol gains tax, UK income tax, and other expenses, investing in all types of UK property can prove very lucrative.
Those looking to invest in Italian property are bound to feel lots of “amore” for Western Liguria. While only and hour’s drive from Geno or Nice, Western Liguria is less pricey than Umbria or Tuscany. Those enraptured with Italy’s romantic terrain will not be disappointed, as Western Liguria boasts pristine beaches, small villages, and rolling hillsides.
As the most popular destination for European vacation-goers, Spain has been experiencing an undeniable real estate boom for the last 15 years. While growth has slowed slightly, Valencia offers many opportunities for the savvy investor to profit off of the upcoming America’s Cup yacht race in 2007, as prices just keep heading up as the race date nears.
France can be a pricey option for investors. However, there are still a few options for the price-conscious. Enter Pau. Set in southwestern France, Pau is one of the few bargains left in France. In addition, it offers year-round activities for both summer and winter sports lovers, being only an hour away from the Atlantic coast and popular ski resorts.
Overall, Bulgaria is one of the most inexpensive places to invest in Europe. However, with Bulgaria’s anticipated entry into the EU in 2007, prices are slowly rising—creating a ripe market for early investors. Experts predict that, after 2007, property values will double. In addition, Bulgaria has seen tourism increase by over 50% in the last few years, making the entire country a bargain for those looking for potentially hefty returns.
With an annual rate of 10%, Turkey is set to be one of the fastest growing tourism areas in the world. In addition, liberal real estate laws make foreign investment in Turkey easier than ever. In 2004, property values rose almost 50%, and are destined to climb higher if Turkey joins the EU. With a minimum 5-10 year wait before Turkey will likely be included into the EU, investors have time to join in the almost unavoidable housing boom.
No one can predict market success with absolute certainty. However, simply taking note of current trends and future possibilities can help even the most novice investor make informed and wise real estate decisions.