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New overseas property purchasing statistics show that there is still plenty of appetite for buying abroad.
Foreign exchange specialist Currencies Direct has analysed the number of foreign exchange transactions made by Britons buying property abroad in the last six months.
Mark O’Sullivan, director of dealing at Currencies Direct, said: “Investors are now looking to established markets, whose appeal will remain consistent amongst ex-pats and holidaymakers, guaranteeing a rental market for as long as Brit's can afford to holiday abroad.”

Cyprus has made it into the ‘top ten’ buying destinations.
O’Sullivan said: “Property prices have risen by as much as 80% over the past five years in Cyprus, but still represent good value, particularly for new-build property, which is in the majority on the island. Cyprus also enjoys a strong bond with the UK, has a consistently mild climate and favourable taxation laws – all factors which combine to make it a popular destination for retirees and investors.”
 
 
Position Country

1 Spain
2 France
3 USA
4 Portugal
5 Italy
6 South Africa
7 Australia
8 Cyprus
9 Canada
10 New Zealand