Research is needed to make money out of property investment
15th May 2008
News about Overseas Mortgages Brought to you by the SimpliGroup – Giving you the opportunity to Invest in the overseas mortgage market
Although money is to be made from investments in the foreign property market, any decisions to buy investment property should not be undertaken without thorough research, it has been suggested.
During a debate on the future of housing markets, commentator Glenn Armstrong stated that buyers must understand the market they are buying into and should "stick to what they know".
Meanwhile, Jonty Crossick, chief executive officer of Ready2Invest, added while investors have a "vast choice" of foreign countries to choose from, once they have decided which location to go for, they should "stop procrastinating and commit" to it.
On a somewhat more cautionary note, Alastair Dickens, managing director of Isis, warned those interested in securing property that, if they are confused about the market in the UK, then "starting to dabble abroad is probably a dangerous thing because you do have to get to know the fundamentals of the property market".
According to figures produced by Exchange Bond last month, British and Irish residents owned up to 3.81 million overseas properties and this could rise by between eight and ten per cent this year.
How are you going to finance your overseas property? If you want a guide on how to do this speak to the advisors who will help prepare you for the process of gaining international finance.
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Italy
15th May 2008
News about Overseas Mortgages Brought to you by the SimpliGroup – Giving you the opportunity to Invest in the overseas mortgage market
Although money is to be made from investments in the foreign property market, any decisions to buy investment property should not be undertaken without thorough research, it has been suggested.
During a debate on the future of housing markets, commentator Glenn Armstrong stated that buyers must understand the market they are buying into and should "stick to what they know".
Meanwhile, Jonty Crossick, chief executive officer of Ready2Invest, added while investors have a "vast choice" of foreign countries to choose from, once they have decided which location to go for, they should "stop procrastinating and commit" to it.
On a somewhat more cautionary note, Alastair Dickens, managing director of Isis, warned those interested in securing property that, if they are confused about the market in the UK, then "starting to dabble abroad is probably a dangerous thing because you do have to get to know the fundamentals of the property market".
According to figures produced by Exchange Bond last month, British and Irish residents owned up to 3.81 million overseas properties and this could rise by between eight and ten per cent this year.
How are you going to finance your overseas property? If you want a guide on how to do this speak to the advisors who will help prepare you for the process of gaining international finance.
<< Back to News