UK property investors hedge their bets overseas

Published on August 31, 2011 by Kevin Walsh · No Comments

UK investors are beginning to invest in Spanish villas once more

Areas as diverse as Bulgaria, Thailand, Spain and Croatia have experienced renewed interest from UK investors over the last year.

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

Bargain prices and low interest rates 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 affect.

The interest in Spain appears to be in luxury properties, which would contradict the view that UK investors are not prepared to put their hand in their pockets in these tough times.

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.

If the trend continues, it could have a positive domino-style affect for the universal property market.

Transfer money to Spain

If you are looking to invest in Spain, think carefully about how you will be transferring money to Spain. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to Spain – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.