Brexit has driven buyers to look for cities outside of the United Kingdom as places to invest in a second property. Here are the cities where you can still find a good deal:
‘‘The increase in demand represents something of a reverse in fortunes for the historic city of Naples, which is often overlooked for its northern counterparts,” said Chris Dietz, executive vice president of global operations for LeadingRE. “The comparatively low prices reflect the historically subdued demand here.”Corbis via Getty Images
Property prices typically start under $500,000 for two-bedroom chalet-style condos or freestanding cottages. One sure sign of the surge in interest is the luxury Four Seasons hotel was just one of a several hotels that opened in the past year.Don’t be put off by the hard-to-spell name. This secondary market has a 17% increase in home sales when compared to 2018, largely thanks to a major upgrade to the rail link between Budapest and Székesfehérvár.
“With plenty of land available in Batumi and little restriction on development, new projects are popping up in the city to cater for the uplift in demand,” said Dietz. “Investors, also from neighboring Turkey, are attracted to the 2,000-year history and culture as well as the favorable prices compared to other more well-known European coastal hubs.’’City Porto at Rio Douro. The old town is listed as UNESCO world heritage. Portugal. Europe.
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