If you dream of escaping dreary January in the UK to your own bolthole, take a look at the best places to buy overseas
It’s that time of year: the return to everyday life after a long Christmas break. The days may be short, but there’s no better time of year to plan your escape to sunnier climes.
If you’re lucky enough to consider buying a bolthole of your own overseas, smart investors could do well this year by looking at properties in the US, France, Spain and Italy.
If the US appeals, 2013 was a good year for interest in property in Florida, New York and California. Interest rates remain low and loan-to-value rates are between 70% to 75% depending on where the property is. Here at Housetohome we’re dreaming of a classic New York brownstone (hmm, wonder if Sex in the City has got anything to do with that).
California dreaming? If it’s year-round weather that you’re after, property here could be a good buy – last year Leonardo DiCaprio made a tidy profit of £7 million on his Malibu home in California.
France is top of the wish list for many Brits – and all areas are picking up – interest rates are low and mortgages available up to 80% loan-to-value. We’d love snap up a place in the capital, inspired by the gorgeous Parisian apartment that previously belonged to Brigitte Bardot, which was on the market last year for £5.1 million.
And Spain, the most popular destination for European holidaymakers, has seen its property market improve, as has Italy, despite recent economic problems, which don’t stop us dreaming of a villa by Lake Como.
Well, we can all dream, can’t we? In the meantime, it sure is fun browsing property websites looking for the perfect pad.
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