The challenging economic climate around the world has opened up the door to a new generation of property investment.
Falling real estate values in countries worldwide means that the asset class is now more accessible to many individuals, City AM reports.
Reductions of anything up to 40 per cent can be found in parts of Barbados, Spain and Florida, while discounts of 20 per cent can be negotiated in France. In addition, the news provider highlights the accessibility of international mortgages as another big draw for potential buyers.
"The downturn has far from destroyed the opportunities for property investment. In fact, falling prices, accessible mortgages and disillusionment with pension funds as a long-term investment could offer the possibility for a new generation of first-time international property buyers," City AM claims.
Furthermore, JP Morgan Asset Management recently revealed that a large number of institutional investors are expecting the global real estate market to pick up in the coming years.
- Monday 04 October 2010