Coastal towns could interest international mortgage applicants

Fri, 20 Jan 2012
International mortgages may be sought by British residents eager to invest in property abroad - and coastal regions could prove popular among those looking to purchase the ideal holiday home .

Property group IPS has highlighted a number of regions-by-the-sea that are likely to offer good value for money, with Marbella pinpointed as a great destination for five-star luxury.

The company revealed house costs in the area remain low at around 20 to 30 per cent under the original asking price.

Jon Ainge, director of ipsbmv.com, stated: "Prices have come down to the point where ordinary investors can buy some fantastic properties on the Spanish coast. Who knows how long this window of opportunity will remain open?"

For those with their eye on something a little more exotic, Natal in Brazil offers the chance for them to treble their investment, while demand for Turkish property is expected to see significant growth.

This sentiment was recently echoed by Gem Invest, which named Turkey as one of the star locations for investment in 2011 - with such activity likely to continue in 2012.
 
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