It’s been a dramatic year for the Eurozone with civil unrest and struggling economies, but with the pound continuing to stand strong, 2013 promises a comfortable market for British property buyers looking for investments abroad.
If you’re looking for a safe haven for your money this year, buying property abroad is the way to go. The question is – where?
Orange groves and sunny beaches will always be a strong pull for pasty Brits – but with all the economic turmoil, where has this left the Spanish property market? The news is good – reports show repossessions last year forced property prices down by a massive 65%. Although it seems appealing on the surface, be warned that VAT is set to rise from 4% to 10% at the end of this month, while the paperwork for repossessed properties is lengthy and complicated.
While Spain is a gamble, France remains a big seller. The promise of warm evenings, vineyards and short flights make France a very appealing hotspot for British property developers. 2013 is set to be a great year to buy here, with the Euro so weak against the pound.
It’s not exactly a traditional destination for British holiday home buyers, but Poland is set to be a rising star. While other countries crumbled under the pressure of the recession, Poland continued to enjoy stable growth. It has now been ranked as the sixth-most attractive country for foreign investment in the world by the United Nations Conference on Trade and Development.
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View the full list of investment tips at the Independent.