Posted on 14 February 2011
Natwest International Personal Banking believe Turkey will see big increasing property demand
Research among mortgage brokers by NatWest International Personal Banking (IPB) reveals that Bulgaria, Turkey and France are the countries they believe will see the biggest demand for properties over the next three years due to cheaper property prices.
The NatWest International Personal Banking League of Buying Abroad reveals the top countries to buy properties over the next three years as:
1. Bulgaria – 75%
2. Turkey – 56%
3. France – 46%
4. Portugal – 41%
5. Spain 31%
Mike Freer, Head of Business Development for NatWest IPB comments, The research has given us a real insight to what brokers feel will be the most successful property markets over the next few years. With the expansion of the EU, better transport links and an increase in low cost airlines offering cheap available flights to countries all over the world, the choice when buying abroad has increased significantly. When looking to invest abroad buyers are being braver and looking to new markets but it is also interesting to see that people still like sticking to what they know and prefer to buy in countries that they are more comfortable with and have holidayed in frequently.
Source (Press release 15 Feb 08 – Property4 media)