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'Invest in overseas property' due to low prices

Source: Expatriate Healthcare - Fri 12th Aug 2011

Potential expats should take this opportunity to invest in real estate overseas, as house prices have fallen in many nations.

Since the end of 2010, a "remarkable transformation" has occurred in this sector, with demand increasing and confidence returning, European sales director for Atlas International James Dearsley said.

Purchasing a building in Spain, for example, is "an investment that you can enjoy in 320 days of sunshine", he declared.

The expert noted that recently, a builder from this country released "four two-bedroomed properties in a beautiful Spanish town" that were priced at £53,000.

A few years ago, these would still be on the market but within a week, two had been sold, he continued.

Prices in this nation have been stable for at least a year and are not going to fall any further, Mr Dearsley claimed.

Some domiciles are being sold at cost and the market "simply cannot get any lower", so strong returns can be realised for individuals who wish to sell in the future.

Furthermore, people considering becoming expatriates and relocating abroad can purchase their future accommodation at a particularly good rate, the expert stated.

Strong rental yields can also be realised by property investors due to these market conditions, he declared.

Mr Dearsley explained that "significant price reductions and long-term investment potential" has caused this spike of interest in international real estate.

His statements correspond with research by the Worldwide Property Group, which showed British people view property investment in a foreign land to be a better idea than buying real estate in the UK.

A total of 67 per cent of respondents to this firm's poll said it is presently a good time to make this purchase, with 65 per cent claiming to have considering doing this.

"It's hardly surprising that investors are looking beyond the UK for places to invest," managing director for the enterprise Kevin Wilkes noted.

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