The US dollar roared higher on Wednesday following some hawkish comments from Federal Reserve Chair Jerome Powell, following the US central bank’s latest interest rate decision.
But where should you be looking for that perfect property?
To help you with your search we’ve put together some of Europe’s top property locations for 2020…
Netherlands, RotterdamRotterdam is just an hour from the Dutch capital, Amsterdam, and properties in the area are selling like hot cakes.
In 2018 home values rose by an impressive 17%, with properties selling in just 33 days on average (up 11% on 2017).
Rotterdam is fast becoming one of the world leaders in sustainable, smart cities, offering innovations in healthcare, internet, utilities, waste collection and much more.
Known as the “Gateway to Europe” it embodies some of the most charming qualities of the continent, with famous landmarks such as the Euromast Observation Tower and the famous Erasmus Bridge. Numerous international companies have also made it their home, making it an excellent place to further or start a career.
Rotterdam is also home to some wonderful luxury apartments, fantastic restaurants, and the beautiful Maas River – in short, it offers something for everyone.
According to Numbeo, the average cost of buying property in the city centre (per m2) is £3,171.42.
PortugalAn almost permanent favourite with foreign property buyers, Portugal shows no signs of losing its appeal – and for good reason.
On top of its Mediterranean weather, excellent food, varied properties and the friendliness of the locals, it boasts some attractive tax benefits.
According to Numbeo, the average cost of buying city-centre Portuguese property (per m2) is £2,267.37.
If you’re considering buying property in Portugal, start your search in Guarda. It has some of the lowest average house prices, combined with the most significant price rises, making it an excellent investment in the New Year.
Spain, BarcelonaNo list of foreign property destinations would be complete without Spain. According to the National Institute of Statistics, new home sales rose by 14% in 2019, with no signs of slowing down in 2020.
While the costal regions of Spain are enduringly popular with expats, Barcelona has always remained a focus for international investors due to its arts, culture, sports and, of course, its mouth-watering cuisine. The steadily rising property prices also make excellent rental returns.
The city also has access to beaches with “xiringuitos” (pop-up beach bars) – giving you the best of all worlds.
Barcelona also has fantastic transport links, so if you need a break from the bustle of city life you can simply hop on a train and be in the sleepy beach town of Sant Pol De Mar in less than an hour.
Property prices average at £3,761.94 per m2 (based on stats sourced by Numbeo)
France, SamoënsIf you have a passion for skiing, Samoëns (pronounced ‘Samwan’) is just an hour’s drive from Geneva Airport. As a lesser known resort to Val-d'Isère and Courchevel, luxury homes are available for pretty reasonable price tags.
That being said, this is still the most expensive of the locations we’ve looked at, with the average price of a luxury development (per m2) coming in at £5,100.
Something else to note is that Samoëns is the only ski resort classified as a National Heritage Site. You’ll be surrounded by historic stone buildings which encapsulate the old spirit of the village, a Gothic church and a botanical garden containing more than 5,000 plants.
And the location isn’t just great for skiers – hiking, running, mountain biking, water rafting and paragliding are also popular pursuits.
If you’re investing in a foreign property this year, we’re here to help you make your money go further.
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