Tips on where to buy property abroad in 2012

Investors planning to make international money transfers and establish themselves on the overseas property market have been advised Florida and Nordic countries are the hotspots for 2012.

Editor of A Place in the Sun magazine Liz Rowlinson explained how now is the time to purchase a home in Florida, as there are signs the low prices of recent years may be soon set to change.

She claimed more and more prospective buyers are seeing the best abodes being snapped up quickly, as people seek to take advantage of the bargains on offer.

"Good properties are being sought by more than one buyer and that is a healthy sign. It does definitely seem as if it is a situation to buy in 2012," Ms Rowlinson stated.

One of the most popular areas for Brits making overseas purchases is Orlando, while Sarasota, Tampa and Daytona Beach are also favourites, it was noted.

Ms Rowlinson claimed individuals want holiday homes that are located near to theme parks, golf courses, shopping malls and a variety of family-friendly amenities. 

Elsewhere, partner in the commercial research team at Knight Frank Darren Yates claimed northern Europe is likely to see increasing interest in the next 12 months.

"I think it is going to go largely on the strength of their wider economies, so the performers are probably going to be countries like the Nordics – in particular Sweden, followed by Norway, Finland and then probably Denmark," he remarked.

Poland was also highlighted as a country of interest, as it offers good yields, has not experienced a recession and it is politically stable.

Mr Yates said: "It is getting wealthier and has a large number of big cities which can sustain new developments."

Posted by Chris Barber

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