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France and Spain 'popular' with retirees

Article Date : Monday, June 25, 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

Property investors may be interested to hear that France and Spain are among the most popular countries for retirees to move to.

However, according to Paul Collins, a spokesperson for property advice site BuyAssociation, while traditional destinations may be banked on as perennially in demand, buyers should look out for emerging markets such as Bulgaria.

He said that an improving infrastructure in the country means that more retirees are looking to move there - potentially good news for overseas property investors.

"It may be another five or ten years before we see [Bulgaria] as a really serious retirement destination - but it's something that's out there and people are thinking about it," Mr Collins commented.

He also mentioned Portugal, Italy and Cyprus as being particularly in demand, citing the warm climate as one positive factor that attracts retirees to such destinations.

A spokesperson for holiday company First Choice recently claimed that France and Austria are two of the most popular locations for skiing holidays - which may bode well for investors with rental properties in those areas.
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