Overseas Property Boost for UK Investors

Published on June 29, 2011 by Anna Jay · No Comments

The level of interest in buying property abroad is rising significantly, according to new statistics revealed by the Worldwide Property Group.

Low interest rates and bargain prices for properties in Europe and beyond have combined to restore confidence in the overseas property market for the first time since the global financial crisis had such a significant effect on worldwide property.

Areas such as Croatia, Bulgaria and Thailand have experienced renewed interest from UK investors. This follows on from recent evidence that the Chinese are beginning to make significant investments in overseas property due to a healthy economy and property restrictions in their own country.

A Bloomberg report highlighted the fact that overseas property was seen as a very popular investment choice for wealthy Chinese patrons, and these most recent statistics back up the confidence in overseas property as an investment opportunity in general.

When emigration dropped to a low of 344,000 towards the end of last year the consensus was the amount of people looking to invest in overseas property was bound to suffer.

Statistics from the WPG poll contradict this negative outlook though, with 80% of those questioned choosing overseas property as their main investment choice. It is an encouraging shift in the market and it seems to have been fuelled mainly by a firm belief that interest rates will not rise significantly over the next 12 months.

Overseas Property: Time to Invest?

Kevin Wilkes, managing director of the Worldwide Property Group, commented enthusiastically on the findings.

He stated “It just reinforces the notion that property is still widely regarded as a safe and secure investment that has demonstrated great resilience in the face of very difficult economic conditions.”

As interest grows rapidly from both the UK and China, the overseas property market in general seems set to benefit markedly from a positive shift in what had always been a steady industry until the recent financial crisis caused global chaos. Read More: Can Wise Investors Benefit from the Chinese Property Boom?

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