HSBC has released the results of their annual Expat Explorer survey with some surprising outcomes.
The UK has been outranked by a number of destinations such as Portugal, Spain, France and the US! Which means the UK has dropped a whopping thirteen positions, from 22 in 2016 to 35 in 2017.
41% of the expats who took part in the survey, regardless of where they lived in the world said that the move had enabled them to have a more positive outlook on life. 47% of those who retired said they did so for a better climate, while a astounding 53% who returned home stated that they missed their old life living overseas.
Surprisingly Portugal has been ranked 16th in the report, beating Spain, France and the US!
“The findings of the HSBC Expat Report are no surprise to me. The research shows a 20% drop in expats’ confidence in the UK’s political stability, due to the current uncertainty surrounding Brexit it can be seen that buyers are swaying more to international property markets for extra stability and escapism.
“I do think though that Brits abroad find it hard to give up completely on Britain, as many of my overseas clients still own a property In the UK. The HSBC report echoes this by revealing that almost a third (29%) still own a property in the UK with 12% owning in property in both their home and host country”.
“When it comes to property, according to research from World First, Portugal is the 3rd best place to invest in buy-to-let in Europe with an average rental yield of 6.43.
“Portugal’s property market is one of the most bullish in Europe right now, with prices achieving a year-on-year rise of 8%for Q2 2017 (INI). Sales by volume were up too, recording a hike of 16% year-on-year with a total worth of €4.6 billion nationwide for the same three-month period.
“Unsurprisingly, Lisbon is driving this growth, with sales in the capital accounting for 48% of the total value of the market. Prices in hot spots in the city have risen by an estimated 30% in the last three years and are expected to continue at 5% per year for the next five years.
Julian Walker, MD, Spot Blue International
ON THE MARKET
Below is a fantastic example of a property investment opportunity in Lisbon, Portugal with Spot Blue, please click here to view more opportunities.
Portugal, Lisbon, Chiado - £629,178
This luxury development belonged to the famous Dukes of Bragança, one of the most recognised noble families of Portugal.
The Chiado district of Lisbon is one of culture, fashion and commerce. It is an area of many different scenes and this diversity is one of the main reasons it is so popular with international buyers.
• 1 bedroom apartment
• Views over Tagus River
• Fully renovated
• 80.31 sqm
• High ceilings, high end finishes
• 3 min walking from Rua Garrett
• Delivery Q1 2018
• Parking available
CLICK HERE to see more details.
Spot Blue International Property
T: 0208 339 6036
W: https://www.internationalpropertyforsale.com
