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Overseas Property News
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Canadian property appeals to buy-to-let investors
Country: Canada
19 March 2008
Canada’s property market is proving increasingly more attractive for Brits seeking an overseas buy-to-let property investment, according to holidaylettings.co.uk.
Company analysis reveals that, despite average Canadian house prices reaching £288,740, the country’s holiday letting season is longer than average – 22 weeks of the year. Strong demand for short-term rental accommodation has pushed annual rental yields up to around 10%.
Ross Elder, managing director at holidaylettings.co.uk comments: “Canada seems to have it all in terms of attractions, amenities and real home from home properties. However, it probably needs to see lower transatlantic flight costs before it attracts Britons and Europeans more regularly. That said, it has North American holidaymakers on its doorsteps and as an activity packed destination, has mass holiday appeal.”
Some properties in Canada
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Price: £29,454
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Type: Villa
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Bedrooms: 4
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Large 2 storey, 4 bed house, set in almost an acre of garden in beautiful rural New Brunswick. Close to hiking, ATV and snowmobile trails. Superb mountain views. Rented up to end May at $550 per month. Owner finance possible.
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