Short-haul countries tipped to attract investors
Overseas property investors are likely to opt for short-haul destinations over the next few months, experts have predicted.
According to the BuyAssociation website, foreign property buyers are becoming less and less likely to look too far afield.
This is because the rising price of oil has driven up the cost of flying overseas, which means countries which are accessible by other means could be an appealing alternative.
Paul Collins, property editor at BuyAssociation, commented: "You may find that people will stick closer to home where they have an option to maybe go by train, or even drive."
He added that the price of air travel is likely to go up over the next 12 months.
This comes after Shelter Offshore highlighted France as a country which could benefit from the rising cost of aviation.
According to the group, this is because it is easy to reach from the UK by other forms of transport, such as ferries and trains.
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