UK buyers looking to purchase a second home or investment property overseas might be well advised to consider Turkey, despite its current issues, or look further afield to Brazil, according to BuyAssociation.

Brazil benefits from a booming economy, low borrowing rates and a growing tourism industry, hosting the FIFA World Cup in 2014 and the Olympics in 2016. According to the Knight Frank Global House Price Index (GHPI), in the last quarter of 2012 Brazil had the 4th best performing property market in the world, with average house prices gaining 13.7% a year.

What’s more, with sterling remaining strong against the Brazilian Real, British buyers can get plenty for their money.

Meanwhile, closer to home, Turkey is referred to as ‘the new Spain’. Property prices are already increasing sharply, rising by 16.1% between March 2012 and March 2013, but from a low base relative to the eurozone, so bargains are available for UK second home buyers and investors. Rents are also rocketing, up 12.2% last years, which is great news for landlords.

Tourism is growing strongly, affluence levels are rising and the population is increasing steeply, all of which bode well for housing demand.

The recent riots in Turkey have caused some concern amongst prospective buyers, but the country’s tourism chief says that these will not have any lasting impact on its tourism trade and that it’s business as usual.

It’s a good idea to check the Foreign & Commonwealth Office website for advice and updates on the current situation.

Click here for the full Buy Association report, which offers further statistics, analysis and observations on the Turkish and Brazilian property markets.