| Property overseas: Outside the Eurozone |
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There are still bargains abroad to be found.House prices may be dropping across Europe, but the strength of the euro has put British buyers off destinations such as Spain and France. However, there are countries where you can still find good-value property. Bulgaria has fallen out of favour recently, but the low cost of living means that tourism is expected to pick up. Despite sterling having lost value against the Bulgarian lev, prices are still reasonable, with apartments selling for as little as £30,000 in ski resorts such as Borovets and Bansko, and on the Black Sea coast.Low prices can also still be found in Morocco, which is attracting buyers who have been priced out of Europe. Apartments costing from £25,000 are in new purpose-built resorts on the Mediterranean coast around Tangier, but these areas are less popular than the cities. Frances McKay of Francophiles says it's possible to find lovely riads for the price of a Spanish apartment. "Marrakech is popular, but has become expensive, though you can still find renovated riads with three or four bedrooms for £260,000, and nice one-bedroom apartments from £89,000," she says. "In Fez, we have traditional properties in need of updating from £50,000." Overseas Homes Forever have a range of well priced properties in Bulgaria starting from €44,96) and Morocco. Extracts from the Independent written by Laura Latham.
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