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Brits in global property blitz

5/13/2008

Property buyers from the UK now own homes in dozens of different countriesâ€¦

Broadcaster Amanda Lamb, who hosts Channel 4's A Place in the Sun, commented: â€œThere are now a significant number of British-owned houses in more than 50 nations. Investment property in Spain is particularly popular, along with Cape Verde, Portugal, the USA, Morocco and Egypt.

â€Investors should, however, remember that not all countries will offer the living standards they expect, as they are at various stages of developmentâ€.

Ms Lamb added: â€œI recommend that people look beyond cheap houses and find out what a country has to offer before committing to a purchase. Properties might be cheap but is the electricity supply reliable? Prospective buyers should also go on an inspection trip in order to view the property they are considering first-handâ€.