Buy Abroad, Rent in Britain: Join the BARBie World

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Buying property in the UK and getting on the first rung of the property ladder has become much more difficult for first time buyers over the last few years. But increasing numbers of would-be home owners have successfully found a way around it, by buying abroad and renting in Britain.

Affectionately known as BARBies (Buy Abroad, Rent in Britain), this breed of buyer has had to think outside of the usual buying strategy in order to get an attempt to buy a first home. As prices in the UK soared, they’ve taken a leap of faith and hedged their bets on property overseas - and in many cases, done very well from it.

BARBies have tended to aim towards the lower priced and often emerging markets, like Bulgaria, Hungary, Romania, Croatia, Cyprus or Cape Verde. In fact, Maria McLaren, from McLaren International Properties says that she’s come across many BARBies who have bought property in Cyprus.

But as well as attracting first time buyers, some property investors keen to make money on buying abroad are also attracted to the BARBie world. Writing in the Telegraph, Zoe Dare Hall recently explored the intricacies of the BARBie buyers and presented some fascinating case studies of actual BARBie buyers. The article is well worth a read, whether you’re looking for property buying inspiration or just want to see what all the BARBie buying fuss is about.

[tags]property buying tips, buying property abroad, overseas property, real estate, real-estate, off plan property, off plan, property investment, real estate investment[/tags]