Top 10 most popular overseas property destinations in July

America has taken top spot for the second month running in the Property Abroad.com top 10 most popular destinations with those searching for overseas property on the site.

Spain has now been relegated into second position for 2 months running; holding 2nd place again in July.

In fact the chart is the same as last month's until you get to position 5, with Greece and France holding the same 3rd and 4th place respectively in July as they did in June.

The first change is that Portugal and Turkey have switched places, with Portugal climbing 3 places to steal 5th place from Turkey in July, while Turkey has fallen back 3 places to take the 8th position held last month by Portugal. Portal director Les Calvert said of the change:

"This is undoubtedly because the British Pound has continued to strengthen against the Euro, whilst the Turkish Lira has been regaining some ground against Sterling. This confirms our suspicions last month that the weak Lira was behind Turkey's popularity."

Italy and Greece were 6th and 7th most popular in July, the same positions they held in June, and finally India and Bulgaria have swapped places; with India being 9th most popular in July, and Bulgaria 10th most popular.

The full results of the top 10 are as follows:

America
Spain
Greece
France
Portugal
Italy
Cyprus
Turkey
India
Bulgaria

And last month:

America
Spain
France
Greece
Turkey
Italy
Cyprus
Portugal
Bulgaria
India

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Bulgaria Sixth Most Popular with Overseas Property Buyers

It has been revealed by overseas property portal, Global Edge that Bulgaria is sixth most popular among their 1.4 million visitors. According to Liam Bailey, of Property Abroad this news comes as quite a shock:

"Bulgaria has been receiving very little but negative analysis in the past few months. But analysis and analysts don't matter; buyers do, and apparently with buyers, Bulgaria property has lost very little of its sheen. I doubt these people are making pure investments in Bulgaria however, though this would be easier to know for sure if data on Bulgarian regions had also been revealed. Properties can be picked up for ridiculously small amounts of money in some of Bulgaria's rural areas, it may be that these are being bought purely as investments.

"I believe that investments are only being made in the less well-known areas because of my past research for a private seller who wanted to know what price he should sell his apartment for; I found the market to be saturated with mid-low priced apartments, especially on resort style developments near the slopes. This was causing prices to fall as oppose to climb. I therefore believe that Bulgaria's status as sixth most popular destination with Global Edge visitors lies primarily with those buying holiday homes at now much-lower prices, possibly with an eye on long term gains and decent rental yields."

Property Abroad has some excellent properties in Bulgaria, including the fantastic Sea Breeze development. Located near Bulgaria's Black-Sea coast in the newest part of the coastal village, St Vlas, Sea Breeze offers 1 bedroom apartments from just £32,735.

The location of these apartments, i.e. in an area not facing over-supply, and within easy reach of all the tourist attractions on the Bulgarian Riviera and their high build quality means that if they are well marketed they should be able to bring their buyers strong rental yields, and depending on whether the area does become over-developed, may even bring a capital profit over a period of 5-10 years. It is however unlikely that immediate capital gains will be possible.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

news articles on Bulgaria

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