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Nov 26, 2024 13:20
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| Bulgaria Properties 13th Most Attractive to British Buyers | ||
| Thursday, Feb 24, 2011 | ||
| Bulgaria has made it to the thirteenth spot in a new ranking of property markets, which remain popular for foreign mortgages among Britons. The Bulgarian market has attracted 1.3% of the searches for properties abroad at the site of Rightmove Overseas in January, while their number increased by 40,5% over December. Britons continue to be attracted most by the idea of taking out a foreign mortgage for a property in Spain, the ranking shows. Australia, New Zealand and Canada have recorded the highest increases in the searches for properties on the site, up by a whopping 114%, 91% and 80%. "We're still seeing healthy traffic and interest for quality properties, particularly in more authentic areas; smaller towns, inland locations and less resort style apartments," Robin Wilson, head of overseas at Rightmove, said. Owning a second home abroad was once the preserve of the super-wealthy, but in the past decade a heady combination of TV property shows and cheap mortgages has convinced an estimated half a million Britons to buy their own place in the sun. The value of UK-owned foreign property investments peaked at GBP 58 B in 2008, up from GBP 10 B in 2000. Recently however British owners of second homes overseas have been selling up due to falling rental income and weakness of sterling. |
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| Source: novinite.com | ||
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