Exotic overseas property 'coming into limelight'

Exotic overseas property 'coming into limelight'
Britons are increasingly looking beyond traditional Overseas Property locations to other more exotic destinations, it has been revealed.

Countries including Egypt, Morocco and Brazil are now hitting the Overseas Property scene, with many people taking advantage of extremely low property prices, Investors Provident has said.

Hetal Shah, Director of Investors Provident, said: "Primarily, what we're finding is there still a lot of emerging markets.

"Egypt, Morocco and Brazilare definitely coming into the limelight and a lot of people are looking at these markets.

He said this was mainly due to cheaper prices than the rest of mainland Europe: "In Egypt you can pick up properties for £16,000 or £17,000it's ridiculously cheap.

"In places like Brazil, you can go for £40,000-£50,000 for a beach front apartment. Morocco is very, very similar, but £30,000 or £35,000 for a nice property," he added.

For investors happy to wait to see returns on their Property Investment, the Indian property market also offers a solid long-term option, Investors Provident claims.