Twitter Facebook RSS FEEDS

Dubai and Bulgaria top property hotspots

Thursday, 22 December 2005 12:00 AM

More and more people are investing in second homes in Dubai and Bulgaria, new figures reveal.

According to HIFX's Global Property Hot Spots report Since last year the number of Britons buying homes in Dubai is up 60 per cent on last year, while 77 per cent more people are buying a property in Bulgaria.

Alex Wright, director of HIFX, commented: "Although France and Spain remain the most popular destinations to buy abroad, due to their proximity and the cheap price of travel, British citizens are starting to look further afield.

"Dubai is an attractive location for Brits with the winter sun averaging eight hours a day. Property prices are relatively cheap compared to international standards and rental yields are still high. Dubai has many grand projects to increase its visitor numbers which should sustain rental incomes for investors.

"Bulgaria also is booming and the Black Sea resorts are reminiscent of Spain 20 years ago; investors are buying in their droves and there is similar activity in some of the ski resorts.

"Supply is in danger of outstripping demand from a rental perspective so investors should be wary; capital growth is what most speculative investors are chasing at the moment. Traditional areas such as Spain and France are still popular with families looking for a holiday home and retirees who plan to spend the majority of their time abroad but the younger generation are becoming more adventurous."

Spain and France are still the countries where Britons own the most foreign homes, but interest in them is declining.

However, Spain accounts for 35 per cent Brits homes overseas with France accounting for 24 per cent.

But interest in buying in Spain has dropped 26 per cent, HFIX reveals, with the number of Brits asking about France falling 24 per cent.

See aboutproperty.co.uk's TV guide for the week beginning 19/12/05 click here

Related stories

Birmingham development

Property prices treble in ten years in hotspots

House prices in the quickest-growing locations in the UK rose by almost £150,000 over the decade to 2008.

 Cape Verde has an estimated population of half a million.

Cape Verde breaks into overseas property top 10

Tiny Atlantic archipelago now seventh on list headed by Spain and the USA, says TheMoveChannel.com.
Dubai Sheikh Zayed Road

Hope for Dubai property recovery as decline slows

Property in Dubai is continuing to depreciate but the slowing rate of decline has inspired hope in some that a recovery may be in sight.

 X Factor judge and N-Dubz star Tulisa Contostavlos is one of many chart-toppers to hail from North London. Photo:Getty Images

UK celebrity hotspots revealed

Parents looking to raise the next top celebrity should avoid a move to East Anglia and plump for London instead, according to research from FindaProperty.com.
Front door of Malaysian property

Brazil, Turkey and Malaysia are property hotspots

Brazil, the Canary Islands, Turkey and Malaysia have been tipped as property investment hotspots - find out why.

 Luxury apartments in Knightsbridge

Prime London property still top for Asian buyers

Luxury homes in Knightsbridge, Mayfair and Kensington remain firm favourites of Far Eastern investors.
Homes in St Lucia in the Caribbean are hotly tipped investments this summer

Top overseas property hotspots for summer 2007

Top overseas property hotspots for summer 2007

 Knightsbridge remains the most expensive area in London judged by size with an average price of £2,007 per square foot.

Top London property sees price divergence

Prices for top 10 per cent of prime central London property up 151 per cent in six years.
Villa in Thailand

Top ten countries for overseas property investment

Spain remains at the top of the overseas property investment charts and Thailand has entered the top ten for the first time.

 Traffic jam

Being close to work is top priority for homebuyers

New research has found Brits are prioritising proximity to the workplace over being close to friends and family.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Beds Direct

Beds Direct Logo
Whether you've just moved into a property and need to furnish it or just fancy having something new to sleep on, Beds Direct offer you a wide array of beds to order online or via the telephone.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Propertywide

Propertywide Logo
Propertywide.co.uk is Countrywide plc's dedicated property website. Created to provide online access to all our estate agency, lettings and property related services, Propertywide.co.uk has been designed with the consumer at heart.

The 21st Century Radiator Company

The 21st Century Radiator Company Logo
Welcome to 21st Century Radiator Company. We supply a stunning range of traditional reproduction high quality cast-iron radiators and cast-iron baths. All our cast-iron radiators and cast-iron baths are brand new, fully tested and guaranteed for ten years.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

Why increasing amounts of people are opting for house shares

London is an expensive place to live, however, house shares offer you the opportunity to enjoy the hustle and bustle of the capital for a fraction of the price you would pay to live on your own, making them a cost-effective way forward.

Why sliding door wardrobes are the best choice for small spaces

When bedroom space is at a premium, you need to be creative with the furniture you invest in. In terms of the wardrobe, you may want to consider those with sliding doors, as they are the most practical in small bedrooms thanks to the doors.

The durability of mahogany furniture is ideal for the office

For office-based businesses it is vital to invest in high-quality furniture that is both practical and comfortable to use. While there are many products to choose from, the benefits on hand with items made from mahogany mean it is an option you should be certain to consider.