Over­seas buy­ers are un­de­terred

Yorkshire Post - Property - - PROPERTY -

THE re­ces­sion hasn’t de­terred those who dream of buy­ing abroad. The Over­seas Guides Com­pany say many be­lieve now is a good time to find a bar­gain.

Around 70 per cent of prospec­tive over­seas prop­erty buy­ers are at least 50 years old, with the ma­jor­ity aged be­tween 50 and 64, and more than 70 per cent of the to­tal will buy out­right with­out a mort­gage. Just over half are are buy­ing to em­i­grate, and nearly three-quar­ters of these will rely on pen­sions and/or in­vest­ments to sup­port them­selves fi­nan­cially.

“The ev­i­dence paints a clear pic­ture of to­day’s typ­i­cal over­seas buyer – a fi­nan­cially self-suf­fi­cient re­tired or semi-re­tired per­son look­ing for a dis­counted home abroad,” says OGC’s Richard Way.

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