More evidence that Brits can escape the credit crunch by investing in property overseas. Read on for details of where the experts suggest heading to.
The dawn of the credit crunch immediately launched a number of problems for the housing market in the UK. From falling house prices to stricter mortgage criteria, getting on the British property ladder has been hard work.
According to Nationwide, UK house prices in May fell a significant 2.5 percent, the largest monthly fall since records began in 1991. Unfortunately the property market is still weak and most experts predict the market will not improve for some time. Read more: House Prices Continue to Fall
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However overseas property specialists, David Redfern Stanley are claiming Brits can get great value for money by investing in property overseas.
The latest report by the overseas experts suggests the Caribbean locations of Montenegro, Margarita Island and Thailand, Albania and the Philippines are excellent destinations for new overseas property investments.
According to the research locations like Montenegro are expecting a 15- 20 percent growth in value per year while Margarita Island has experienced house prices rising 32 percent in the last two years.
Thailand has been making headlines with news that capital appreciation has not dipped under 25 percent in the first five years of its house market growth. Other predictions revealed in the study expect the value of property in the Philippines to grow.
Interestingly all locations chosen by the study are emerging property markets, whose position outside of the EU and increased interest from global business are boosting the economy and property market, and attracting new holidaymakers.
However some remain certain that established markets in France and Spain, despite the effects of the credit crunch will continue to prosper and be favoured by Brits seeking overseas property. Read more: www.justoverseas.co.uk