Most of us would be happy spending up to £80,000 on a smart apartment somewhere sunny abroad but did you know the same money could buy you a desirable detached property in either Florida or Spain’s Murcia region?
Article written by The Overseas Guides Company
Today’s distressed market conditions have led to exceptional deals in some destinations, including this four-bedroom detached family home in Kissimmee in Florida, recently put on the market for just $93,000 (approx. £59,500) through agent Iris International.
A two-storey home, it sits on a corner plot and would suit both investors and owner-occupiers – it’s just minutes from schools, local shops and amenities. There is an opportunity to turn one of the downstairs rooms into a fifth bedroom, still leaving three living rooms. Despite needing an estimated $8,000 spent on it, you could expect a return on investment of 8.9-10 per cent from this property if you were to rent it out long-term.
Meanwhile in Murcia, south-east Spain, the below two-bedroom villa recently went on sale for just €99,000 (approx. £78,300) through agent Property Repossessions Spain. It had previously been on the market for €245,000.
This is one of a dozen villas built around a communal pool near the Mosa Trajectum golf course and 10 minutes from the Mar Menor, as well as being in the same area as the new Paramount theme park due to open in 2014. Ready to move into, it has two double bedrooms and comes fully furnished with white goods, air conditioning and central heating.
The USA’s Sunshine State or Spain’s increasingly popular Murcia region, take your pick!
For details of property for sale in Spain and property for sale in the USA, visit the listings on Rightmove Overseas. One way to save money when buying in Spain or the USA is to use a currency specialist when transferring your pounds into euros or dollars to complete the purchase of your property. For more information on this, contact Smart Currency Exchange or visit the Currency Zone.
To understand the full step-by-step process to buying a property in America, collect The Overseas Guides Company’s ‘USA Property Buying Guide’
The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc