|
|
 |
 |
    |
|
|
 |
|
| |
|
|
A third of British people considering a place in the sun
Property sale
Over a third (37 per cent) of British people are considering a purchase abroad in the future.
Although some British people are in-tune with overseas property prices, many are underestimating the price tag on properties in popular destinations such as Spain, according to new research commissioned by Barclays. This ‘price perception gap’ means that many will have to take steps to avoid a financial shortfall when they begin their search for a dream home in the sun.
The good news is that there are still plenty of options available to British people, with a wide range of property types available in Europe, meaning canny British people can cut their cloth to suit their budget. Euro mortgages also mean British people can borrow money in Europe at low rates and new areas and property developments are also opening up everyday. Barclays advises British people to equip themselves with as much information as possible and take advantage of exhibitions like ‘A Place in the Sun’ to bring their perceptions up to date and move a step closer to their owning their dream home.
Commenting on the survey, Suzanne Clay, Head of European Business Development at Barclays, said: “The rush to buy property in the sun shows no sign of abating, but our research suggests that some people perceive house prices in popular destinations like Spain, France and Italy to be cheaper than here in the UK. This is not necessarily the case, so they need to plan their finances accordingly and ensure they can cover all the costs associated with buying abroad.”
“In addition to the purchase price, people also need to remember that there are costs associated with their purchase such as stamp duty, solicitor’s fees and local taxes.”
Source: Barclays |
|
|
|
|
| © 2004 Spain-Property.info |
|
|
|
