Brits prefer to invest in overseas properties

29/07/2011

 

Brits prefer to invest in overseas properties
Recent research undertaken by the Worldwide Property group has found that given the choice, most British people would rather invest in properties abroad rather than at home in the UK.
The survey found that 67% of respondents believed that now is a good time to make a foreign investment and that 65% of those who responded are considering making this investment in the next 12 months.
The USA, Portugal and Turkey were the most sought after destinations at the moment - Worldwide Property group were keen to point out the Turkish capital, Istanbul as offering particularly good investment opportunities, on the back of soaring tourism levels. As mentioned by us last week, MasterCard Worldwide showed tourist volumes in Istanbul have increased by 30% so far this year.
Tim Morgan, Managing Director of Emerging Real Estate says: ‘We have always sought to offer our clients the best value for money for the investment and in the past this has prompted us to scour the globe looking for property hotspots. So it’s no surprise that investors as a whole are now looking beyond the UK for places to invest. Many of these regions offer incredibly strong potential returns, particularly in Istanbul.’
It is without doubt that Istanbul is one of the most exciting property destinations in the world right now. The country’s rapidly expanding economy, rising popularity and separate currency provide would-be investors with greater capital appreciation, increased exit options and better value for money. In short, many believe Turkey to be the best short to medium term property investment destination in the entire Eurozone.
If you would like to take advantage of the boom in Istanbul, then please do not hesitate to get in touch.

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