by FSBO 
So you want to know how to sell your overseas property to Scandinavian buyers? Read on, you might find this article informative.
Scandinavian buyers, or buyers from Sweden and Norway in particular have emerged as among the biggest investors in the overseas property market, especially in Europe.
This is nothing new, Scandinavians have been investing heavily in the overseas property market since the 1970s. It is a tradition in Sweden and Norway to spend the winter in Spain, Portugal or Greece to escape the biting winter cold back home. Indeed, Swedish investors are among the biggest buyers of holiday homes in Marbella, Malaga, Costa Brava, Ibiza, Murcia and other popular overseas property destinations in Spain.
It is easy to see why Spain is so popular with Scandinavian property hunters. As Alexander Vaughan, co-founder of Lucas Fox International Properties explains, there has never been a better time to buy property in Spain. He says, “We believe that this year has been a key turning point for the Spanish property market. After property prices bottomed out midway through 2018 to 2019 before the pandemic saw modest price rises in prime regions. The recovery phase has continued throughout 2022, with the main difference being that price increases have not been limited to Barcelona, Madrid and desirable second home destinations.”
“We believe that a growing economy, low financing costs, good potential for rental returns and capital appreciation will continue to drive sales throughout 2023 and beyond,” Mr. Vaughan adds.
Swedish and Norwegian investors are among the biggest buyers of European properties because of the healthy state of their economies and currencies. Sweden and Norway are among the richest countries in the world and the people there boast of fast rising disposable incomes. There is a real urge among Swedes and Norwegians to look beyond their countries and look for shores far and wide, at least to spend a part of the year.
They are hence picking up lovely holiday villas, apartments and townhouses across Europe and other popular overseas property hotspots such as Barbados, Thailand and Cape Verde.
The fact that the Euro has declined in recent years because of the weakness in the economies of several European countries, while the Norwegian Krone and Swedish Krona have increased in value has certainly helped. This means Swedes and Norwegian buyers have a much higher buying power, and are fully capable of making all cash purchases for the properties of their choice abroad.
But it’s not just buyers from Sweden and Norway; even cash rich buyers from other Scandinavian countries such as Denmark, Iceland and Finland are buying overseas properties in a big way.
Indeed, 20 percent of the foreign buyers who invest in properties across Europe are from Scandinavian countries. You should have a proper strategy in place to target these buyers, and must hire the right overseas property specialist who can effectively market your overseas home, villa or apartment to them.
You cannot just depend on a local estate agent to sell your property abroad quickly online, hire a specialist. Contact us to know more.
