With the strength of the pound at a high the British are looking to invest in property but this time we’ve got itchy feet and you can hardly blame us, we’re looking for sunnier shores. But we’re not looking towards the sunny Spain or scenic France; this time round we’re looking at the ‘rising stars’ (according to the Independent). We’ve delved a little further in to the rising star destinations to see what the catch is and why they’re on the up.
Situated in central Europe, Poland is the first of our newly popular destinations to invest in if you’re looking to get on the property ladder abroad. But what’s so great about Poland? Brought to our attention by the Euro’s in 2012 as co-host, Poland has something for everyone, whether it’s a city location or a house on the beach. Poland isn’t exactly the hottest destination (it actually has more climatic changes than the UK) but it does have a short hot summer and when the sun isn’t shining you can grab your skis and head to the mountains. Fortunately for us, the house prices in Poland have been falling since 2008, which make it an ideal investment opportunity whilst the pound is strong. Depending on the location, you are looking at around £200,000 for a four bedroom property. Not bad!
A little further away from home but a lot closer towards the equator, this means sunshine! Don’t be fooled though, Turkey isn’t just a summer holiday destination; it also happens to have snow kissed mountains in winter. Turkey boasts beautiful beaches, vast mountains and exotic cities, it’s mainly the South West coast that British tourists flock to, however house prices can be a little more pricey here than other areas. After the rising popularity of Spain, Britain’s wanted something a little more authentic, and Turkey is just that. The living costs within Turkey is 50-60% low than the living costs of the UK, leading many Britain’s to head there for their retirement years.
You’d be forgiven for not knowing where this country is, as it’s only very recently been brought to our property buying attention. Montenegro is situated in Southeast Europe, surrounded by Albania, Kosovo, Serbia and Bosnia. It has beautiful coastal areas however its more well known for its gorgeous mountains, stunning rivers and clear lakes. Montenegro boasts long summers with temperatures reaching way in to the 80°F. No wonder it attracted such well-established visitors as, Marilyn Monroe and Sophia Lauren back in the 1950’s and is now tempting the British in to buying. Montenegro ouses class and so do the price tags of the property here, depending on the location you wish to move to, non-waterfront apartments are in the region of £200,000. If you have the money available then this is the place to invest, expect big things from Montenegro.
Author Bio: Leah Jarratt is a regular guest writer for Axia FX, Foreign Exchange Specialists.
Picture credits: #1 plus.google.com, #2 globalsiteplans.com, #3 colliers.com