First Time Buyers Abroad


First time buyers from the UK have increasingly been looking abroad in order to get on the property ladder due to the high property prices in Britain. Property price have peaked in the UK, while in emerging markets such as Greece and Cyprus there is still a great deal of growth to be realised in the coming years.

According to firstrungnow.com, as many as 50% of UK first-time buyers are looking abroad in order get on the property ladder whilst renting in the UK, with UK rental prices dropping due to over supply in many of the major cities.

Property markets such as Cyprus also have the added advantage of having a much lower entry level cost, with luxury apartments still available in the region of £60k – £70k. Having recently become a full Eurozone country, Cyprus in particular also has the advantage of being open to new investors from Western Europe and the wider world, with many “new-rich” from the ex-communist bloc looking to invest abroad. This means that first time buyers abroad will be able to generate equity for a deposit in the UK in the future

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