Buying abroad has always been appealing and it is even more of a draw now as the British pound exchange rate against the euro is at its best in eight years.
The pound reached €1.434 in July , which is the highest rate since November 2007. This is an excellent market climate to consider an overseas property purchase.
The free to attend Overseas Property Show will showcase opportunities for UK buyers in the markets of Portugal, Cyprus, Spain, Italy and Florida. The show which will kick off its 2015 national tour in Bolton with a bumper three day event held at the Macron Stadium from 29 to 31 August. The whole tour will encompass 12 shows in total.
The show will provide a venue where interested buyers can meet with international property experts but also with people who have lived and worked overseas. This will give would-be investors a chance to learn more about what life is really like in the different countries.
Even those with no desire to leave the UK can benefit from attending, as rental properties in European hotspots can be an excellent way to generate income and enjoy capital growth over the longer-term.
Chris White, founding director of boutique real estate agency Ideal Homes Portugal, which will be exhibiting at every show, comments:
“The strength of the pound has served to turn much of Europe into a buyer’s market so far as UK property buyers are concerned. In Portugal, buyers have a wide choice of villas with pools or beachfront apartments, all for the same price as a shabby inner city terrace house in many parts of the UK. Over in Cyprus, the exchange rate means that many property prices are at their lowest rate for a decade. It’s an exciting time to buy overseas.”
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