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Falling prices 'will not deter foreign property investors'

Source: Expatriate Healthcare - Tue 14th Dec 2010

Would-be Expats who are looking to invest in overseas property should not be deterred by falling global house prices, according to

Robin Wilson, head of overseas at the website, noted that while poorly performing housing markets in other countries could put off professional investors, "basing a decision on global averages without looking into local regions and markets might be premature".

He explained that while larger regions could show declining activity in respective property markets, "there will nearly always be localised hotspots that buck the trend".

Indeed, clients who want to invest in foreign property are more likely to be influenced by their financial circumstances "than the state of the market that week", he added.

Mr Wilson's comments follow the Worldwide Property Group's research showing that 58 per cent of people are currently considering an overseas property purchase, with Spain, Brazil and the Caribbean among the most desirable locations.

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