1st May 2008
Those purchasing real estate in foreign countries should "assess the investment opportunity as carefully as [they] possibly can", one industry expert has suggested.

People looking to make investments abroad need to ensure they research the market as if they were buying domestically, according to Paul Collins, property editor at impartial overseas property website BuyAssociation.

"Do as much research as you can and make sure you take the same precautions that you would in the UK in terms of legal advice, tax advice and letting advice if you're buying it as a buy-to-let," he remarked.

Commenting on specific areas of the world that may prove popular for overseas property letting, Mr Collins indicated that while most of central and eastern Europe has been popular with investors recently, there may be other markets that soon start to emerge.

South-east Asia and north Africa were mentioned as areas where more development may occur, which could include countries such Egypt and Morocco.

In December 2006, the BBC reported Institute for Public Policy Research findings that revealed 5.5 million Britons permanently lived abroad in 2006.




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