Research among mortgage brokers by NatWest International Personal Banking (IPB) reveals that Bulgaria, Turkey and France are the countries they believe will see the biggest demand for properties over the next three years due to cheaper property prices.

The NatWest International Personal Banking League of Buying Abroad reveals the top countries to buy properties over the next three years as:
1. Bulgaria - 75%
2. Turkey - 56%
3. France - 46%
4. Portugal - 41%
5. Spain – 31%

Over half (53%) of brokers put the growth in demand for overseas properties down to increasingly cheaper properties and interest fuelled by the media. Likewise, a third (33%) cited seeing an increasing number of adverts from overseas countries in UK media.

As a result, nearly a third (31%) of brokers reported an increasing number of queries from their customers. 15 per cent of brokers believed that higher prices in the UK, and a better return on investment was a reason to predict a growth in these countries over the next few years.

Despite increased interest from property investors in emerging countries such as Turkey and Bulgaria, there is still demand for the ‘old favourites’ such as France and Portugal. Spain still remains a top favourite as brokers reveal the demand for Spanish mortgages kept nearly two thirds (65%) of them involved in the overseas market.

The Spanish mortgage market is still very attractive according to four in 10 brokers and almost a third felt that the demand for Spanish mortgages in the UK would continue to increase in the future.

Mike Freer, Head of Business Development for NatWest IPB said: “The research has given us a real insight to what brokers feel will be the most successful property markets over the next few years. With the expansion of the EU, better transport links and an increase in low cost airlines offering cheap available flights to countries all over the world, the choice when buying abroad has increased significantly.

“When looking to invest abroad buyers are being braver and looking to new markets but it is also interesting to see that people still like sticking to what they know and prefer to buy in countries that they are more comfortable with and have holidayed in frequently.”

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