Overseas investors ''should consider capital cities''


Tue 18th Sep, 15:41:36 BST

Those looking to enter the overseas property market should consider looking at homes in capital cities to maximise their chance of getting a good return on their investment, a property firm has claimed.

A spokesperson for overseas property site Off Plan International argued that choosing to buy in a capital could prove more beneficial than investing in a more traditional investment property ''hotspot''.

"My advice for people if they are looking to invest in small value, one or two properties, is to look at capital cities within a country. They are more expensive than other parts of the country but you are not going to lose," he said.

He added that investors are increasingly looking at a range of far-flung destinations when considering where to buy, highlighting the growing popularity of property in India.

With Britons spending an estimated £20 billion in properties overseas in 2006, according to the Association of International Property Professionals, getting the right location is increasingly important.

AIPP commented that although the most popular areas for Brits buying abroad are still Spain and France, Bulgaria is rapidly catching up and is currently one of the fastest growing property markets in the world.ADNFCR-1143-ID-18284395-ADNFCR


News Home




 Print   Send to a Friend   Discuss in Forum   RSS Feed



Share this article:

  Digg it    Del.icio.us    Reddit    Newsvine    Nowpublic   






Search News Archive: