The 5 best sunny locations for bargain property and great beaches

The world of overseas property for sale is now vast and varied. It used to be that British buyers would buy holiday homes abroad, but mainly they would be in Spain, France or Italy.

The overseas property boom brought about a new trend: overseas property investment, and with it the emergence of hundreds of new emerging markets where British people - and those from around the world - would buy property solely for investment.

Many of these new markets are in sun-soaked destinations, and in range of great beaches. What's more because they are new emerging markets property is available at low prices, not least because the areas are newly developed and most of the properties are off plan.

We have put together a list of the 5 best such locations, in terms of property prices, proximity to and quality of the beaches and various other factors. They are not in descending order, because of people's differing preferences, but they are what we see as the 5 best.

Dominican Republic
Once held the title of the cheapest property in the Caribbean until Isla Margarita emerged onto the scene, with a rapidly developing tourist infrastructure, and rapidly growing tourism. Plenty of apart-hotel products with strong guaranteed rental yields

Isla Margarita
The cheapest place you can buy beach property in the Caribbean, and outside the hurricane zone, with a warm climate all year round and pristine un-crowded beaches, Isla Margarita is definitely one to watch. Currently you can buy a 2 bedroom apartment for under £70k, but not for long so get in now.

Calabria
You can't have a beach-list for me, without including Calabria: Mediterranean beauty comparable to the favourite Tuscany, but property at half the price, and pristine beaches surrounding you on three sides. Most beach property in Calabria comes with sea-views owing to the fact that the land slopes upward away from the beach for the most part.

Panama
Again this is a favourite because of the combo: low property prices combined with great beach and climate. But Panama is also on the list because it is packed with investment potential, and has a strong exit strategy in being the top destination for American retirees to buy property. Panama's economy is expected to grow by over 4% this year, putting it in a strong position to continue growing till 2014, at which point the canal expansion will triple GDP growth. Currently you can buy luxury property near the beach in Chiriqui for under £100k - a bargain.

Turkey
Again, this has the same combo as laid out above, cheap property, great climate, beaches and also loads of investment potential from its massively growing tourism industry (23million tourists 2008 - 30million expected this year). Turkey has a coast to the Mediterranean sea, and to the Aegean sea, the Aegean region is particularly popular with British buyers, and you can pick up properties for under £50k. ug3rmkjyas

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