Investors Interested in Overseas Property

New research has found interest in buying overseas property to be at its highest level since April this year. The study, conducted by UK-based Worldwide Property Group, found that 72 per cent of respondents are of the belief that now is a good time to purchase real estate....

New research has found interest in buying overseas property to be at its highest level since April this year. The study, conducted by UK-based Worldwide Property Group, found that 72 per cent of respondents are of the belief that now is a good time to purchase real estate.

Among the more popular destinations cited by investors as potential investment areas included the US, Spain, UK, Caribbean and Brazil.

A massive 82 per cent said that now is a good time to buy property in the UK, with many stating that they thought that interest rates would remain at their current level. Indeed, many respondents added that they are currently benefitting from the low rates.

"We see mounting evidence of people's belief that interest rates will remain low for quite some time," Kevin Wilkes, managing director of the company, said. "The number of people who feel that rates will increase over the coming year has progressively reduced over the last four months, if this trend is correct this is excellent news for anyone buying a property."

- Wednesday 22 September 2010

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