CLOSE
Mortgage Desk Head to head: Expat hotspot mortgage rates
  • Mortgage Desk

Head to head: Expat hotspot mortgage rates

By Dan Johnson -
November 27, 2014
Share on Facebook
Tweet on Twitter

Loire, one of France’s most popular destinations among overseas property buyers Photo:   Erminig Gwenn

UK is not the only country to be enjoying low mortgage rates this year, with a host of European destinations all seeing rates fall. For those looking to snap up a winter holiday home, then, the conditions are ripe for a cool bargain. Indeed, according to the latest Quarterly Index compiled by the OverseasGuidesCompany.com, buyers are taking advantage, with enquiries up 17 per cent year-on-year.

Which market is the most favourable? We round up the mortgage rates in the most popular expat hotspots…

Turkey – 6.4%

Buyers can find a mortgage in Turkey for a rate of around 6.40%. Despite recent political conflict, 2014 has been a year of significant growth in Turkey, suggesting that financially savvy overseas property buyers haven’t been put off snapping up the readily available bargain properties.

Portugal – 4.1%

Rates on offer in Portugal sit at 4.10 per cent. This is a reflection of the nation’s desire to safeguard its economy now things have started to move in a positive direction once again.

Angelos comments: “We have had close to 3000 enquiries about buying property in Portugal so far in 2014. The Algarve remains a popular choice for expats, especially those looking for a lifestyle change or a buy-to-let investment”.

Italy – 2.9% The popularity of the nation has been further fuelled by the European Central Bank’s (ECB) interest rate drop introduced throughout Europe, which has made it possible to secure a mortgage in Italy as 2.9 per cent.

Angelos explains: “There has been a reduction in all of the taxes involved in purchasing Italian property. Other reasons for its growing popularity include its lack of inheritance tax and no Capital Gains Tax after five years”.

Spain – 2.75%

Accounting for 24 per cent of all enquiries into OGC, Spain remains the most popular destination amongst expats, according to the Quarterly Index. There are good repossession properties still available and mortgage rates on offer from as little as 2.75 per cent.

France – 1.80%

This year, France has seen its popularity soar among overseas buyers, thanks to historic mortgage rates, despite other prevailing concerns. Indeed, trailing its neighbour by just a few per cent, France has accounted for 21 per cent of all enquiries to OGC so far in 2014. Another country benefitting from the ECB low base rate, mortgages in France can be secured for as little as 1.8 per cent.

Angelos concludes: “Although there are some fantastic rates available in long haul destinations, should you really wish to benefit from these record low mortgage rates, your best bet is to focus your search on Europe”.

Google+

Comments

comments

  • TAGS
  • account
  • France
  • mortgage
  • repossession
  • tax
Previous articleLondon house prices rise by more than a solicitor’s wage
Next articleProperty Inspector: Global property predictions for 2015
Dan Johnson

RELATED ARTICLESMORE FROM AUTHOR

House Prices

UK house price growth climbs for third month

House Prices

UK sees slight pick up in annual house price growth

House Prices

Edinburgh overtakes Manchester and Birmingham house price growth

Search for news
Subscribe
Get the latest property news in your inbox every day.
   
Follow TheMoveChannel.com
...
Fans
Like
...
Followers
Follow
...
Fans
Follow
...
Followers
Follow
...
Subscribers
Subscribe
...
Followers
Follow
...
Followers
Follow
...
Subscribers
Subscribe

Latest posts

4 Areas to look at as an expat moving to the...

January 2, 2020

4 Areas to look at as an expat moving to the...

January 2, 2020

St Kitts and Nevis: One of the world’s best citizenship investments

January 2, 2018

Mississippi: An overlooked market for buy-to-let investors?

December 18, 2017

Montenegro: A destination on the rise

December 18, 2017
Copyright © TheMoveChannel.com - All rights reserved.
24 Jack's Place, Shoreditch, London, E1 6NN.
Tel: +44 (0)207 952 7653
Company | Privacy Policy | Terms of Use
International Real Estate for Sale
Spanish Property for Sale Property for Sale in France USA Real Estate for Sale Property for Sale in Italy Caribbean Real Estate Portuguese Property Property in Thailand UK Property for Sale Greek Property Sales Real Estate in Canada Cyprus Property for Sale Property for Sale in Malta
Popular Types of Property
Property Investments Commercial Property Land for Sale Prestige Homes Houses for Sale Apartments for Sale
Welcome! Register or Login for the best international property experience.
Welcome Back ! Access your profile, saved searches, property shortlist, and more! Logout
News & Features Destinations Property for Sale Investments Services Advertise
  • Top News Stories Latest News Roundup Regular Features Events Diary Property Guides Jargon Buster Interactive Calculators
    • 4 Areas to look at as an expat moving to the Australia

      We’re taking a look at four areas of life in Australia that you should give consideration to when relocating to Oz, either as an expat or, even to retire. What comes to mind when you think of the land down under? Stunning beaches, all-round climate, relaxed way of life

      4 Areas to look at as an expat moving to the USA

      We are taking a look at four areas of life in Australia that you should give consideration to when relocating to Oz, either as an expat or, even to retire. What comes to mind when you think of the land down under? Stunning beaches, all-round climate, relaxed way of life

      St Kitts and Nevis: One of the world’s best citizenship investments

      St Kitts and Nevis has been ranked one of the world's best citizenship by investment programs by experts, as the dual-island nation continues to attract overseas investors to its shores.

      Mississippi: An overlooked market for buy-to-let investors?

      Montenegro: A destination on the rise

    • Why UK landlords should keep looking North

      UK house price growth climbs for third month

      House price cuts hit five-year high

      UK house price growth rebounds in September

      Borrowers urged to act quickly after Bank of England interest rate rise

      UK sees slight pick up in annual house price growth

    • Top Of The Props

      Spain still reigns top of buyer demand

      Infographics

      Toronto: The world’s most over-valued city?

      Hotspots Index

      Hotspots Index: International appetite for Italy property rebounds

      In Focus

      4 Areas to look at as an expat moving to the Australia

    • View Calendar
  • North America Caribbean South America Europe Middle East Africa Asia Australasia
    • USA
      Canada
      Puerto Rico
      Barbados
      St Lucia
      St Vincent and Grenadines
      Virgin Islands (u.s.a.)
      Panama
      Bahamas
      Grenada
      Martinique
      St Kitts and Nevis
      Dominican Republic
      Cayman Islands
      Mexico
      Jamaica
      Belize
      Anguilla
    • Puerto Rico
      Barbados
      St Lucia
      St Vincent and Grenadines
      Virgin Islands (u.s.a.)
      Bahamas
      Grenada
      Martinique
      St Kitts and Nevis
      Dominican Republic
      Cayman Islands
      Jamaica
      Belize
      Colombia
      Anguilla
      Dominica
      Antigua and Barbuda
      Honduras
    • Brazil
      Argentina
      Ecuador
      Peru
      Venezuela
      Colombia
    • UK
      Portugal
      Spain
      France
      Slovakia
      Italy
      Bulgaria
      Croatia
      Poland
      Greece
      Serbia
      Austria
      Romania
      Switzerland
      Hungary
      Ireland
      Malta
      Andorra
      Cyprus
    • UAE
      Turkey
      Qatar
      Egypt
      Israel
    • South Africa
      Morocco
      Cape Verde
      Namibia
      Mauritius
      Reunion Island
      Senegal
      Nigeria
      Mozambique
      Seychelles
      Zambia
    • Philippines
      India
      Pakistan
      Thailand
      Indonesia
      Sri Lanka
      Armenia
      Malaysia
    • Australia
      New Zealand
      Fiji
      Vanuatu
      New Caledonia
      French Polynesia
      Myanmar
  • Property Search Map Zoom Popular Destinations Hot Properties Browse Categories Request Contact Advertise Property My Search Profile
      Up to 5km from location
      All bedrooms
      All prices
    • Caribbean Barbados Jamaica St Lucia France Brittany Languedoc Roussillon Provence Greece Crete
      Italy Calabria Lazio Lombardy Tuscany Portugal Algarve Azores USA Florida
      Spain Alicante Andalucia Canary Islands Worldwide Canada Cyprus Malta Thailand UK
    • House, Arona, Tenerife
      £361,893
      Flat, Sant Julia de Loria, Sant Julia Loria
      £1,179,100
      Flat, Bayonne, Pyrenees-Atlantiques
      £152,376
      3 Bed Townhouse, Abingdon, Oxfordshire
      £320,000
      3 Bed Flat, Rome, Lazio
      £303,845
    • Commercial
      Properties
      Holiday
      Homes
      Hotel
      Investments
      Land
      Investments
      Mobile
      Homes
      New
      Homes
      Prestige
      Homes
      Residential
      Property
      Retirement
      Property
      Accommodation
      Investments
      Unique
      Property
      All
      Property
    • Agents
      Developers
      Portal
      Owners
      Brokers
      Services
    • Saved Searches
      Search Alerts
      Newsletter Subscription
      Property Shortlist
  • Investment Search Hot Investments Browse Categories Browse Features Request Contact Advertise Investments
      Up to 5km from location
      Category
      No Minimum Investment
    • Studio, Sheffield, South Yorkshire
      £89,995
      Room, Les Deux Alpes, Isere
      £31,745
      1 Bed Studio, Dubai, UAE
      £91,350
      2 Bed Apartment, Estepona, Malaga
      £199,540
      4 Bed House, Elmont, Nassau County
      £279,570
    • Residential
      Buy to Let
      Commercial
      Property
      Land
      Investments
      Off Plan
      New Build
      Hotel
      Investments
      Student
      Accommodation
      Care
      Homes
      French
      Leaseback
      Bank
      Repossessions
      Renovation
      Projects
      Holiday
      Letttings
      Funding
      Opportunities
    • Discounted
      Property
      High
      Yield
      Low
      Risk
      Immediate
      Income
      Personal
      Use
      High Loan
      to Value
      Pension
      Investments
      Low Running
      Costs
      Growth
      Investments
      Fixed
      Exit
      High Return
      Property
      All
      Investments
  • Estate Agents Mortgages Legal Services Currency Exchange
    • UK Estate Agents London Bristol Cardiff Edinburgh Leeds Liverpool Manchester Nottingham Sheffield
      Spain Costa del Sol Marbella Puerto Banus Costa Blanca Almeria Mallorca Menorca Murcia Tenerife
      Worldwide Australia Cyprus Florida France Greece Italy Malta Portugal Turkey
  • Estate Agents Property Developers For Sale By Owner Investment Brokers Property Portals Service Companies
Already have an account? Login

Register:

Password Repeat Password
 
CAPTCHA
Register
Don't have an account? Register

Login:

User ID/Email
Password
Forgot Password?
Login

Recover your password:

Submit
2020/12/26 05:01:48am