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Brits remain loyal

Friday, September 18, 2009

Source: Catherine Deshayes

Mortgage specialist, Conti, is convinced that for UK overseas property investors, traditional locations will emerge victorious from the global market downturn...

According to the firm, investors are sticking to "proven" locations as revealed in its latest "hot spots" report.

France takes first place, accounting for 31per cent of enquiries received by the company so far this year.

Spain follows on with 22per cent; a surprising result in view of recent negative reports.

Turkey has maintained third place in the "hot spots" table, increasing its share to 13per cent, and Portugal and Italy have progressed to fourth and fifth places respectively,

For France and Spain, enquiries have increased considerably with the countries accounting for 53per cent of all 2009 enquiries so far, compared with 29per cent in the same period last year.

Meanwhile, interest in both Bulgaria and the USA has declined

Conti's operations director, Clare Nessling, says: "British buyers are sticking to the more traditional overseas locations, especially those with history of providing good rental returns."

She adds: "The smart investor is no longer simply looking to where the best bargains for a swift return can be found, but to where security lies for a longer term investment."

Source: www.homemove.co.uk