First-time buyers look to cheaper properties abroad

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This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of katy katy 3 years, 2 months ago.

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  • #57779
    Profile photo of Chopera
    Chopera
    Participant

    “Priced-out under-40s are increasingly looking to the US and Spain for affordable properties. Demand from retired Britons has plummeted.”…

    http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10287316/First-time-buyers-look-to-cheap-property-in-US-and-Spain.html

    My interest was peaked until I saw this line:

    The base numbers are low – an increase from three people to 11 people – but MoneyCorp said this illustrates the growing interest in overseas properties in this age group.

    😆 😆 😆 😆 😆

  • #118141
    Profile photo of Igurisu
    Igurisu
    Participant

    Haha, that quoted line is pretty funny Chopera 🙂

    Although, on a more relevant note, I have been actively encouraging my youngest son (18 at the moment), to go do a world tour and consider where he would like to spend the rest of his life. I honestly feel there are better places than the UK to start adult life.

  • #118144
    Profile photo of Chopera
    Chopera
    Participant

    @igurisu wrote:

    Haha, that quoted line is pretty funny Chopera 🙂

    Although, on a more relevant note, I have been actively encouraging my youngest son (18 at the moment), to go do a world tour and consider where he would like to spend the rest of his life. I honestly feel there are better places than the UK to start adult life.

    I went round the world after leaving uni. My advice would be to pick a region and get to know it well, rather than spending a few weeks here and there (which is the mistake I made). For example, a year spent exploring say Colombia, Peru and Cile would have been more fulfilling than spending a couple of months in South America, a couple of months in SE Asia, a couple of months in India, etc. Also for me it was never a case of where to spend the rest of my life, but rather where to spend the next few years of my life (until we had kids at least).

  • #118145
    Profile photo of katy
    katy
    Spectator

    What will these under 40’s do with the properties. They are not allowed residency in the USA and there are no jobs in Spain 🙁

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