Covid has had a huge impact on UK expat home purchases. Express.co.uk spoke to Christopher Nye of Property Guides to find out about his expat property forecast for 2022.
Chris told Express.co.uk: “Once inside the countries it’s hard to predict if the drift we’ve seen in 2020 and early 2021 – a scramble in some cases – to leave the city and working from home in the countryside, at the beach or in the mountains, will continue.
“Prices in the UK have skyrocketed in Wales, Scotland and the North while increasing a bit in London, and this trend was repeated in France as well, with prices rising in Brittany up to 40% since the start of the pandemic compared to Paris down one percent.
“Likewise, the Swiss ski real estate market has skyrocketed, not because of foreign buyers, but Swiss buyers wanting a place in their local mountains.
“Maybe it’s time to take advantage of a location in Paris, New York or Milan?”
DO NOT MISS
British expats could get a good deal by focusing on real estate in one of Europe’s top city destinations.
The Spanish city of Malaga has been ranked among the top destinations for British expats in the InterNations Expat Insider City ranking for 2021.
Malaga could be the perfect choice for expats looking for the best of both worlds with beaches just minutes from the city.
Prague, Basel, Vienna and Lisbon also performed well in the rankings, with expats rating cities in terms of friendliness, affordability and work opportunities.
Multiple bottlenecks have also transformed the tastes of buyers when it comes to choosing a style of property.
While UK residents were allowed to roam during the lockdown, in some European countries curfews only allowed essential journeys.
As a result, residents living in high-rise apartments or houses without outdoor space suffered greatly from the measures.
Chris told Express.co.uk that outdoor space has become a top priority for UK expats buying property overseas.
He said, “In property styles, outdoor space has become almost a staple.
“An agent I spoke to said he wouldn’t list anything that didn’t have outdoor space because there just weren’t any buyers for that type of property.”
Prospective expatriates are also increasingly drawn to new construction properties due to a shortage of workers in the construction industry.
Chris said: “The difficulty and expense of hiring a builder right now also means that many more buyers are looking for immaculate properties with no work required. “