Accessibility 'vital for foreign investors'
The accessibility of a foreign property is vital to its success as an investment, according to experts.
Currency specialist HiFX said areas that were well-served by low-cost airlines were the most likely to be good investments, as the resulting surge of interest in new destinations often led to property values increasing.
The firm highlighted the example of Bergerac, located in the Dordogne region of France, as property prices have risen by 157% since airlines began servicing the area 6 years ago.
In addition, it said that established, medium-distance destinations such as Cyprus had the greatest capital value premium because passage was easily available.
Mark Bodega, director at HiFX, commented: "The ease of access to a property has a real impact on its success as a holiday home as well as its future sale value."
Low-cost carriers have been widely credited with helping to open up new markets for both tourists and overseas property investors.
Recently, the Association of International Property Professionals said that budget airlines had offered a "massive choice" to investors and opened up new markets.
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