Overseas property: Best places to buy abroad
Exclusive to The Daily Telegraph Property section, the survey gives a unique insight into where holidaymakers rent, and what they are looking for in a property abroad. Here are the top 10 places to buy:
1 France
The perennial favourite of Britons because there is so much choice. Small houses in Brittany and Normandy are easily accessible. More than 50 per cent of those who own French holiday homes drive, rather than fly. Other Britons own apartments in Nice, while wealthier buyers aim for rural Provence or Champagne.
Prices across France fell 20 per cent between 2007 and 2009, but are bouncing back. Estate agent Century 21 reports an 18 per cent rise in Paris last year, while FNAIM, the estate agents’ association, reports five per cent rises across France this year.
“French banks have continued to lend on second homes, stimulating the market,” says the Savills report. Now is the time to buy before further increases. A flat in central Nice could be just £225,000, while an 18th-century mansion house in Brittany would cost around £400,000. Bargain hard, because prices are rising again and sellers know it.
How graduates are picking up the tab for their parents' livesNo doubt the older generation will have a good time with their free bus passes and villas in Spain. They'll enjoy the pensions and property.