Overseas property ‘offers better value’

Overseas property may be offering improved value after Knight Frank recorded its first ever quarterly drop in world property prices…

The Knight Frank Global House Price Index indicated a 0.3 per cent fall during the quarter.

Head of International Research at the firm Nicholas Barnes observed that this showed the entire world is vulnerable to the effects of the credit crunch.

At the same time, he suggested, this could be good news for investors, stating: "It means investors who are in a position to buy are now sensing that some markets are offering relative value compared to pre-credit crunch conditions".

Further guidance on which may be the best countries to invest in could emerge today.

This is when the Organisation for Economic Co-operation and Development publishes its projections for how each major economy around the world will perform in the year ahead.

Source: Hot Property