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A PLACE IN THE SUN
20 Best Places to Make Money
Everyone knows there is money to be made in property, but which country provides you the biggest return? And in which country could you more than quadruple your money in just 10 years? Foreign property expert Amanda Lamb presents the definitive list of the 20 best places where you could make money from property in Europe...
20 - Cyprus
First on the list at number 20 is Cyprus, most eastern island in the Mediterranean and former British colony. The British are far the most numerous foreign visitors and many of us are buying homes there. Since joining the EU in 2004, Cyprus has seen healthy growth in its property market but the average price is still only around the £100,000 mark. 188% return
19 - Spain
Long-time favourite of us Brits, the most popular European destination for holidaymakers has seen a veritable boom over the last 15 years. Prospects for the future in many areas are not as bright as they may have been in the past, however respectable growth is still on the cards for new investors to this well-established market.
Party town Valencia is currently on the receiving end of huge investment leading it up to the America’s Cup yacht race in 2007. A nice city centre apartment could set you back £130,000 now, but prices are heading rapidly northwards. 189% return Country guide >>
18 - Italy
Many parts of Italy such as Tuscany and Liguria are no longer the bargains they once were, however the island of Sicily boasts prices that are around 25% cheaper than mainland Italy. On the mainland, £20,000 renovations can still be found on the Adriatic coast of Abruzzo and the average across the country is £130,000. 199% return Country guide >>
17 - France
Around half a million Brits are thought to own property in our second favourite holiday destination in Europe. Undiscovered bits of this tried-and-tested country are becoming harder to find, but it’s worth checking out Pau in the South-west – equidistant from ski-slopes and sandy beaches, it’s perfectly positioned.
Recent improvements in road and air infrastructure means that it won’t stay undiscovered for very long though. Renting properties in France has become more tricky in recent years due to the competitvity of the holiday rental market. You’ll make an unexciting 5% per year, but property price increases over the longer term look set to be more impressive. 201% return Country guide >>
16 - Netherlands
The most densely populated country in Europe lived in by its tallest people Holland experienced something of a boom in the late 90s but there is still money to be made. Average prices in Amsterdam are around £135,000 for a studio and country-wide the average is £150,000. 208% return
