Buyers Still Looking Overseas.
August 11, 2008Buyers still looking overseas, claims Conti Financial Services
Despite the falling pound and on going Credit Crunch, thousands of people in the UK are expected to buy overseas property this year, a financial service company has claimed. Conti Financial Services said that cheaper travel options, better investment opportunities, or the desire for a better quality of life, have all served to encourage the purchase of property overseas.
The firm says that UK estate agents can benefit from tapping into this market, but warns it is not a decision to be taken lightly, as venturing into the overseas market can be fraught with difficulties.
Each country presents a myriad of national and local laws, customs and language barriers that may put off all but the brave, says the firm which has more than 14 years experience in the overseas mortgage markets.