Expats investing in overseas property 'will have positive outlook after UK election'

Expatriates looking to buy property overseas will have a more positive outlook after the British general election, an industry expert has argued.

James Dearsley, European sales manager at property company Atlas International, noted that buyers are being cautious about investing because of the uncertainty of the result from today's (May 6th) election.

"We are predicting that once this election is out of the way, we are going to have quite a good run on sterling which, in turn, will see quite positive results from the property buyers," he commented.

He noted that Atlas has seen a "big surge of interest" among expatriate homeowners since the beginning of the year and that destinations including Spain, France and America are coming "back again with a vengeance".

His comments follow research from Primelocation.com which found that the number of expatriates interested in buying foreign property has increased recently and online searches for overseas homes rose by 95 per cent in the year up to March 2010.