Familiarity 'more important than rankings' to foreign property investors - Sign up to our mailing list
best live chat
Quick Quote
  • (inc. country & area code)
  • Please note this service is only available during London office hours. If your call is urgent we will endeavour to get back to you at the earliest possible opportunity.
  • This field is for validation purposes and should be left unchanged.

Familiarity 'more important than rankings' to foreign property investors

Despite a recent global report naming Norway, Australia and Iceland as the best places in the world to live, investors are choosing more familiar locations for second homes and retirement.

Published earlier this week, the United Nations’ human development index also ranked Canada and Ireland in the top five places to live.

Richard Way, editor at overseas property publication A Place in the Sun, said the research was more applicable to native residents than retiree expats or those buying a holiday home.

"People are looking at destinations that they are familiar with and that they know from holidaying there," he explained.

Asked whether investors are taking advantage of the downturn to secure low-priced real estate, Mr Way noted that buyers are showing "a bit more confidence".

He pointed to an upturn in interest in cheap Florida property as an indication that buoyancy is returning to the market.

Moving abroad? Get a free quote for your international medical insurance online.

ADNFCR-1788-ID-19400167-ADNFCR

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someone
South AmericaNorth AmericaAfricaAustralia & New ZealandAsiaEurope