Latest News




Subscribe Newsletter

Enter your email address to receive our weekly newsletter.

FIRST-TIME BUYERS CONSIDER FOREIGN INVESTMENT

Wednesday, 26 Mar 2008


Investing in foreign property is becoming an increasingly popular option for cash-strapped first-time buyers (FTBs) in Britain.

First-time buyers consider foreign investment According to a study by Fair Investment Company, more than half of FTBs in the UK have either bought or considered buying a home overseas.

The firm stated that many are choosing to look abroad because of the current slowdown in the British property market.

James Caldwell, director of Fair Investment Company, said this has made some FTBs reluctant to invest at home while the impact of slowdown is still being felt.

Furthermore, he cited the high price of property in the UK as another factor that is driving people overseas.

Mr Caldwell commented: "They can sometimes find cheaper property prices and a lower cost of living, which could make buying their first home more affordable."

He added that some countries offered both bargain properties and a comparable standard of living.

First-time buyers were recently advised by BuyAssociation to make sure they have an exit strategy if they wish to sell their property on at a profit.

Property Select offers a comprehensive selection of overseas property, news, members club and reviews of the latest property developments.


AddThis Social Bookmark Button

Your Tools

  • Login to use Favourites


Send this news link to a friend



Similar Property Developments

  • Tulip Residence - Sofia - Apartments prices from € 34,460
  • Holiday Fort Golf Club - Sunny Beach, Black Sea Coast - Apartment - Studio prices from € 35,889
  • Crystal Apartments - Bansko, Pirin Mountains - Bansko - Apartments prices from £ 37,547
  • Nestinarka - Tzarevo, Black Sea Coast - Apartment prices from € 47,266
  • Regina Mare - Tzarevo, Black Sea Coast - Apartment prices from € 51,381

Need Advice?


We at Property Select offer impartial advice on buying property overseas, contact us for more information.


We offer help booking investment trips and viewings of property, contact us today.


Array ( [0] => Array ( [Country] => Array ( [id] => 2 [name] => Bulgaria [uname] => bulgaria [Province] => Array ( [0] => Array ( [Province] => Array ( [id] => 5 [name] => Black Sea Coast [uname] => black-sea-coast [Development] => Array ( ) [City] => Array ( [0] => Array ( [City] => Array ( [id] => 5 [name] => Obzor [uname] => obzor [Development] => Array ( [0] => Array ( [Development] => Array ( [id] => 794 [name] => Costa Obzor [uname] => costa-obzor ) ) ) ) ) [1] => Array ( [City] => Array ( [id] => 22 [name] => St Vlas [uname] => st-vlas [Development] => Array ( [0] => Array ( [Development] => Array ( [id] => 774 [name] => Sunrise [uname] => sunrise ) ) [1] => Array ( [Development] => Array ( [id] => 770 [name] => Dolphin Bay [uname] => dolphin-bay ) ) [2] => Array ( [Development] => Array ( [id] => 746 [name] => Lighthouse [uname] => lighthouse ) ) ) ) ) [2] => Array ( [City] => Array ( [id] => 24 [name] => Sunny Beach [uname] => sunny-beach [Development] => Array ( [0] => Array ( [Development] => Array ( [id] => 771 [name] => Holiday Fort Golf Club [uname] => holiday-fort-golf-club ) ) [1] => Array ( [Development] => Array ( [id] => 706 [name] => Green Village [uname] => green-village ) ) [2] => Array ( [Development] => Array ( [id] => 705 [name] => Villa Itta [uname] => villa-itta ) ) [3] => Array ( [Development] => Array ( [id] => 663 [name] => Sunrise Holiday Village [uname] => sunrise-holiday-village ) ) [4] => Array ( [Development] => Array ( [id] => 535 [name] => Kassandra Holiday Village [uname] => kassandra-holiday-village ) ) [5] => Array ( [Development] => Array ( [id] => 825 [name] => Happy Condominium [uname] => happy-condominium ) ) [6] => Array ( [Development] => Array ( [id] => 826 [name] => New Line Village [uname] => new-line-village ) ) [7] => Array ( [Development] => Array ( [id] => 846 [name] => Pirop City [uname] => pirop-city ) ) ) ) ) [3] => Array ( [City] => Array ( [id] => 26 [name] => Tzarevo [uname] => tzarevo [Development] => Array ( [0] => Array ( [Development] => Array ( [id] => 767 [name] => Regina Mare [uname] => regina-mare ) ) [1] => Array ( [Development] => Array ( [id] => 662 [name] => Nestinarka [uname] => nestinarka ) ) ) ) ) [4] => Array ( [City] => Array ( [id] => 59 [name] => Pomorie [uname] => pomorie [Development] => Array ( [0] => Array ( [Development] => Array ( [id] => 694 [name] => Marina Holiday Club [uname] => marina-holiday-club ) ) ) ) ) [5] => Array ( [City] => Array ( [id] => 111 [name] => Sozopol [uname] => sozopol [Development] => Array ( [0] => Array ( [Development] => Array ( [id] => 813 [name] => Byzantium [uname] => byzantium ) ) ) ) ) ) ) ) [1] => Array ( [Province] => Array ( [id] => 1 [name] => Pirin Mountains - Bansko [uname] => pirin-mountains--bansko [Development] => Array ( ) [City] => Array ( [0] => Array ( [City] => Array ( [id] => 1 [name] => Bansko [uname] => bansko [Development] => Array ( [0] => Array ( [Development] => Array ( [id] => 798 [name] => Perun Lodge [uname] => perun-lodge ) ) [1] => Array ( [Development] => Array ( [id] => 768 [name] => Florimont VIP Homes and Spa [uname] => florimont-vip-homes-and-spa ) ) [2] => Array ( [Development] => Array ( [id] => 752 [name] => Aspen Valley [uname] => aspen-valley ) ) [3] => Array ( [Development] => Array ( [id] => 731 [name] => Pirin Park Resort [uname] => pirin-park-resort ) ) [4] => Array ( [Development] => Array ( [id] => 709 [name] => Mountain Paradise by the Lift [uname] => mountain-paradise-by-the-lift ) ) [5] => Array ( [Development] => Array ( [id] => 708 [name] => Pirin Golf [uname] => pirin-golf ) ) [6] => Array ( [Development] => Array ( [id] => 707 [name] => St Ivan [uname] => st-ivan ) ) [7] => Array ( [Development] => Array ( [id] => 661 [name] => Katarino Resort [uname] => katarino-resort ) ) [8] => Array ( [Development] => Array ( [id] => 660 [name] => Aspen Golf [uname] => aspen-golf ) ) [9] => Array ( [Development] => Array ( [id] => 811 [name] => Creek Lodge [uname] => creek-lodge ) ) [10] => Array ( [Development] => Array ( [id] => 821 [name] => Orbelus [uname] => orbelus ) ) [11] => Array ( [Development] => Array ( [id] => 1085 [name] => Crystal Apartments [uname] => crystal-apartments ) ) [12] => Array ( [Development] => Array ( [id] => 1111 [name] => Florimont Heights [uname] => florimont-heights ) ) ) ) ) [1] => Array ( [City] => Array ( [id] => 18 [name] => Razlog [uname] => razlog [Development] => Array ( [0] => Array ( [Development] => Array ( [id] => 779 [name] => Silver Mountain [uname] => silver-mountain ) ) ) ) ) ) ) ) [2] => Array ( [Province] => Array ( [id] => 46 [name] => Sofia [uname] => sofia [Development] => Array ( ) [City] => Array ( [0] => Array ( [City] => Array ( [id] => 134 [name] => Sofia [uname] => sofia [Development] => Array ( [0] => Array ( [Development] => Array ( [id] => 893 [name] => Tulip Residence [uname] => tulip-residence ) ) ) ) ) ) ) ) ) ) ) )