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Added 12/07/10
Now is the time to expand your overseas property investment portfolio says survey

Two thirds of investors believe this is a good time to be a foreign property says the Worldwide Property Group property confidence tracker survey.

It found 75 percent of respondents think property is the best option for investment in general.

And 62 percent are actively considering an overseas purchase with the United States, particularly Florida, proving popular.

A number of European countries including Spain, France, Italy and Cyprus also ranked highly amongst those people looking for a second home.

Kevin Wilkes, managing director of the Worldwide Property Group, said: “Although the stock market has been performing rather well over the last 12 months, in more recent weeks it has taken a bit of a tumble with the FTSE 100 losing nearly 1,000 points since Mid April.

“In comparison the property market has demonstrated far more resilience to recent global economic shocks and has already regained a great deal of the value that was lost over the last few years.

“The results of this survey clearly demonstrate the confidence that the general public has in the property market.”

And the statistics appear to back up Wilkes’ opinion. When asked if the current historically low level of interest rates has increased their desire to buy a property, two thirds of those asked (67 percent) said yes with 79 percent of the opinion that right now is a great time to buy a property in the UK.

Two thirds share the view that property prices will continue to rise over the coming 12 months, with four percent believing this could be by as much as 15 to 20 percent.

A winter rush is expected in the third quarter of this year as fly to let investors flock to buy a property in Belize.

This prediction comes from international property investment consultancy Property Frontiers, which bets the combination of reduced property prices, the economic recovery and the colder weather will tempt new buyers.

Director David Cox said: “Prices in areas that are popular with foreigners have fallen by between 40 and 50 percent according to realtors on the ground.

“This makes property in Belize now among the cheapest in the hotspot of Latin America.”

Current prices in Belize mean a luxury one-bedroom villa in a tropical rainforest setting can be bought for around £72,000.

Cox believes British overseas property buyers will be particularly interested because Belize property contracts are written in English and there is a good healthcare system.


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Property Global Investments

Axis Property Investments

Property Frontiers

Investment Opportunity

Karooda Property Investments

Repossessed Property Spain

Afex - Associated Foreign Exchange








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