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Accessibility 'affects success of foreign investment'

Article Date : Thursday, September 27, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The ease of access to a property could have an impact on its success as a holiday home, an expert has suggested.

Mark Bodega, director at currency specialist HiFX, said that investment spots were serviced by low-cost airlines, the future sale value of property could also be higher.

He highlighted the example of Bergerac, a town located in the Dordogne area of France, as new routes started flying there in 2001.

However, subsequent years have seen a boom in its property market due to more people visiting and investing in the area.

Mr Bodega stated that property values in Bergerac had risen by 57 per cent in the last six years, largely because of the accessibility offered by budget airlines.

He added that similar property booms had taken place in areas such as Cyprus and the Canary Islands, as investors could achieve the greatest capital value premium in these markets.

Budget airlines were recently praised by the Association of International Property Professionals for widening the range of choices available to overseas investors.
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