Posts Tagged 'confidence in property investment'

New sense of confidence fuels overseas property searches

Interest in international property has soared, according to Primelocation International.

The website has reported a 134% increase in searches in January (compared to a year earlier), December having already shown a 25% rise.

The firm suggests the UK’s cold weather is behind much of the enthusiasm for traditional winter sun destinations such as France and Spain.

However, January also saw a spike in searches for properties in Australia, although Cyprus, Turkey and Bulgaria actually registered the highest monthly increase.

The strong performance by the last three suggests that a broader spectrum of buyers are considering foreign home ownership, often for lifestyle reasons, rather than a select few seeking returns on an investment.

The firm’s international development manager, Ann Wright, comments: “January has seen two related but distinct trends … a renewed sense of confidence is now beginning to filter through and the market is less dependent on top-end buyers.

“Secondly, as a blanket of snow covered Britain, potential buyers focused their attention on warmer destinations as an antidote to the midwinter blues.”

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In 2006, RilaDev a English Bulgarian homebuilder embarked on one of the most ambitious hotel and residential project in Bansko, Bulgaria, Pirinea Hotel Spa and Residence.

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Author: Russell Collins - RilaDev

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