First-Time Buyers – People who are considering purchasing a foreign property is been advised to consider looking at emerging markets.
First-Time Buyers – Helen Adams, managing director of FirstRungNow.com suggested, “In places like Turkey, you’re more likely to get the growth that you need.”
Prospective purchasers, who are looking to buy with the intention of generating wealth, could find less-established locations more suitable than traditional countries. First-time buyers are encouraged to avoid countries such as Italy, Spain and France.
Eastern Europe is highlighted as one region that could generate strong returns along with property in Turkey. These countries offer good capital growth potential from relatively cheap property prices. Therefore buyers could potentially earn a considerable profit when they sell, particularly if these markets continue to grow at a much faster rate, than those in the more established markets.
Secondly, prospective buyers will now benefit from the euro/pound exchange rate. Investors looking beyond the Eurozone will benefit from the weakening pound and get better value for their money. The pound has fallen to sharply in recent weeks, which result in buyers and holiday travellers facing much higher costs within the European Union.
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