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Investors more adventurous 'because of the media'

Article Date : Monday, March 19, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Brits are increasingly confident about investing in property in countries as far away as Brazil or Thailand, the director of news provider Amberlamb has commented.

Rhiannon Williamson said that because overseas property information is now available over internet, on the television and in print media, people are becoming more adventurous in the destinations they choose to invest in.

However, she warned that even if a country appears cheap, it does not mean it will yield strong returns in the long-term.

"In simple and direct terms, one needs to understand factors that will affect whether a property stays in demand as a rental commodity and whether there will be demand and sufficient affordability in the market for a property when it is time to sell," she stated.

She said that quite often people have a presumption about a foreign market when in reality, the buying process and legal aspects are very different.

"Never ever assume anything when buying a property in any country and you'll be fine," she added.
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