Saturday, March 31, 2007
"No market is a bad market" for overseas property investors
"No market is a bad market" for overseas property investors
21st March 2007 10:23
Careful planning should ensure that any market that a property investor chooses to target will provide returns, one expert has claimed.
According to Marsha Lu, researcher at Property Frontiers, investors can make a profit from in any country if they research it thoroughly, but returns may still depend on the maturity of a market.
"Normally, if you take higher risks you get better returns, but if you take lower risks then the return is slightly lower as well," she remarked.
Many UK investors seek to invest in a property that they can then use themselves as a holiday home, she added.
Insurance firm Hiscox recently reported that a significant number of first-time buyers would consider purchasing a property overseas in order to gain access to the UK's housing market.
According to the company, 88 per cent of those surveyed said that current house prices are the main barrier to the UK's housing market.
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