'Buy property in France,' expats advise

Prospective expats have been advised to consider buying property in France by a couple who recently headed across the Channel. Tracey Harris and Frank Maximillian left the UK earlier this year and said they are enjoying life in their French property.

Ms Harris told the Daily Mail that life in their converted 19th century flourmill was far more relaxing than living in the UK.

"We love France as you feel like you can breathe Life is simpler, safer and calmer," she commented. She admitted that the cost of living in France was proving slightly more expensive than in the UK, but said she was happy she left because her home country has become "materialistic".

The Times recently listed Brittany as an area of France that is particularly popular with buyers from the UK.

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Property Investment News - Mexico

Mexico could become a popular destination for retirees looking to make the most of their currency in later life, experts have suggested.

According to real estate professional Maurice Glazer, the country could become a prime spot for those who want a retirement home in the sun.

As well as offering a number of lifestyle benefits, the weakness of the peso could encourage cash-strapped buyers looking to stretch their currency as far as it will go.

Mr Glazer, an international tax expert with Glazer Financial Network, told the Dallas Morning News: "This is a beautiful country, with friendly, warm people. The potential is enormous. You're looking at the remaking of Mexico."

Mexico was recently described as a "country we can count on" by Luis Riu, the chief executive officer of Riu Hotels and Resorts.

He said there has been steady interest in rental accommodation and hotels in the country and that it is a popular tourist destination.

This is likely to be welcome news for property investors planning to rent out homes in Mexico.

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Property prices in Switzerland 'continue to rise'

Overseas property investors looking for a steadily growing market in which to buy a house might consider purchasing in Switzerland.

According to recent data from the Global Property Guide, the country is one of the few nations round the world to experience growth in property values over the last two years.

In 2007, the country experienced a 0.71 per cent increase in prices year-on-year but in 2008, this figure rose to four per cent.

During the final quarter of 2008, the cost of a home rose by 1.39 per cent compared with the same period in 2007.

The only places to exhibit greater year-on-year growth in 2008 were the United Arab Emirates and Shanghai, China.

This comes after Property Wire claimed more overseas real estate buyers are being encouraged to purchase holiday homes because there are a number of high-quality houses available in other countries.

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