The latest overseas property related research to be published by global business analysts shows that excluding timeshare style real estate, just fewer than 4 million Brits own property abroad.
[UKPRwire, Thu Feb 14 2008] It’s expected that by 2012 the overall annual growth of British ownership of foreign property could rise by as much as 13% and that over the coming five or six years the overseas property market could increase by as much as 100%. MD David Stanley Redfern, a specialist in property investment outlined some of the reasons behind the ever escalating trend.
“It’s no secret that more and more Brits are buying abroad and for most it’s for either of the two very same reasons any investor buys overseas property: financial or recreational advantage. With the UK property ladder proving to be increasingly elusive for first time buyers, the extra revenue from a second property can easily prove invaluable in taking that first step into UK ownership. For current UK property owners, affordable holidays and rental yields outside the holiday season are perhaps the more attractive elements. Emerging markets like Panama, Morocco, Albania and many others have increased investment activity with their undeniable and often unbeatable rewards”.
It’s true of course that extra income can improve the lifestyle of any investor and just over a quarter of investors buy for reasons other than the everyday benefits of financial return, instead simply searching for Sun Sea and sand. In light of the now established field of foreign real estate and its proven success, investors are becoming more ambitious and are less hesitant to look further afield. Emerging markets prove to be far more affordable and beneficial than most longstanding and perhaps more local European investment heavyweights such as France or Spain. It’s perhaps no wonder then that more and more Brits fly to buy and say goodbye to the UK and both its somewhat dismal property and weather climates.
For a non-obligatory chat about any aspect of overseas property investment, contact David Stanley Redfern Ltd today.
About David Stanley Redfern Ltd
Overseas emerging market specialists, David Stanley Redfern Ltd. offer invaluable and obligation-free advice to property investors from around the globe. The knowledge and expertise of their dedicated staff ensures a smooth and stress-free buying process for all their clients and act as intermediaries for their vast network of property professionals around the world.
David Stanley Redfern Ltd are members of the Association of International Property Professionals (AIPP). The AIPP has been set up to guide and to regulate the international property market and to provide quality assurance to consumers. All David Stanley Redfern Ltd. staff are fully trained and adhere to the professional guidelines set by AIPP to safeguard and reassure their clients.
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