An increasing number of real estate investors believe that now is a good time to buy international property, a new survey has found. The Worldwide Property Group has revealed that in its September confidence tracker study 73 per cent of respondents believe that market conditions are favourable.
This is the highest level that the survey has reached since April this year, suggesting that confidence is beginning to return following on from the global economic downturn. Of the regions that are of most interest, the US, Caribbean and Brazil were top of the list followed by more traditional European countries such as Spain and France.
In addition, the company found that low interest rates in the UK had increased potential buyers desire to purchase property in the country.
Kevin Wilkes, managing director of the Worldwide Property Group said: "The results of this survey make for very positive reading. I am delighted to see that confidence in property both in the UK and overseas has reached such a high level. It is also very interesting to see that with all the fantastic opportunities currently available around the world
, it is still the more traditional markets that draw the most interest."
- Monday 18 October 2010