First-time buyers look to cheaper properties abroad

[Chopera]

“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.

😆 😆 😆 😆 😆

[Igurisu]

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.

[Chopera]

@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).

[katy]

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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