Top 10 places to invest abroad
Posted Sunday, July 12th, 2009 by Sue Bartucca
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The UK and overseas property markets have slowed considerably since the mortgage companies got caught out lending too much money to investors who couldn’t pay: which brought the first casualty, Lehman Brothers to its knees in the subprime crisis.
However, now the dust has settled and mortgage lending is back on the up, investors are still keen to invest in property, according to Jet-To-Let magazine.
Dominic Farrell, editor of Jet-to-Let magazine and author of property investment book, The Jet to Let Bible, says he’s not surprised that the United Kingdom had entered the top 10. “There are presently fantastic bargains in the UK for investors with the foresight and courage to see beyond the current economic climate. This is particularly so if buyers are holding strong currencies such as the US dollar or Euro which in some cases adds an extra 20% in terms of value” he says.
“France and Spain will always be in the top ten for UK and Irish buyers, but the relegation of Spain to number six reflects the change in market conditions and an erosion of confidence in the Spanish market,” Dominic explains.
The Jet-to-Let 2009 top 10 survey results are:
- Cyprus
- France
- USA
- United Arab Emirates
- India
- Spain
- Italy
- United Kingdom
- Morocco
- Turkey
The top 10 in 2008 were:
- Cyprus
- France
- Spain
- Germany
- USA
- Morocco
- Italy
- United Arab Emirates
- Turkey
- Brazil
Picture: Sea Caves, Paphos, Cyprus, €1,400,000 via Unique Living, www.uniqueliving.com
Tags: Finance & property, RC top 10s
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Posted by: Posts about overseas property,property abroad as of July 13, 2009 | overseas property buyers lounge
July 13th, 2009 at 9:15 am
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