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FTBs seek far-flung first rung

Jaimie Kanwar

A new survey has revealed that FTBs are increasingly looking abroad in an attempt to get on the property ladder.

According to a recent survey by National Savings & Investments, 84% of the 18 - 24 year olds said they believed buying a property abroad was a more viable option than buying in Britain.

And with prices from as little as £30,000 GBP in Bulgaria, this is a very lucrative and accessible property ladder to consider.

Adam Godwin, Marketing Director of Dream Homes WorldWide commented: "Young people in the UK are taking a very pragmatic approach to the property market and many realize that a first time buy abroad could be the key to getting onto the ladder in the UK.

"Rental income from an overseas asset could fund the monthly rent in the UK whilst the capital appreciation from a few years of ownership in a buoyant emerging market could fund that all important deposit for a first UK home."