Overseas property investment 'still buoyant'
Overseas property investment 'still buoyant'Demand for holiday homes and other property overseas is increasing, according to a financial company.
Conti Financial Services has reported a significant growth in property ownership investment this year, with Spain, France, Italy, Portugal, Florida, Bulgaria and Greece the hotspots.
However, new markets have also emerged this year, according to Conti, including Turkey, Dubai and South Africa, website Mortgage Solutions reports.
"It never ceases to amaze me the lengths some people are prepared to go to find the next emerging market," said Simon Conn, managing director of Conti Financial Services.
"We have had enquiries from people wondering if we provide finance for property in Somalia, which is still a war zone, Afghanistan, Iran and Zimbabwe."
Conti expects that Cape Verde, Morocco and Brazil will see significant rises in overseas investment in the coming 12 months.
18 December 2006 Print this article