Investors 'should be tough'

Prospective investors should be tough when dealing with property sellers, according to property industry experts.

Analysts at Amberlamb stated that the credit crunch has led to many developers becoming desperate to sell their houses as consumer confidence is falling.

The organisation has suggested that people who are still considering an investment overseas should take advantage of this situation in order to negotiate a good deal.

This, it continued, could be particularly beneficial in countries such as Bulgaria, which has seen a drop in demand in the wake of the current credit crisis.

Amberlamb commented: "If you're tough on your vendor and force their hand in terms of selling low, you will still be able to profit from the property market in Bulgaria."

The group added that even amid the ongoing financial problems across the world, not every property market has "doom and gloom" for investors.

This comes soon after Foreign Property Buyer recommended that investors see what "freebies" are being offered by developers.

According to the website, prospective buyers could then use this information to negotiate for similar perks with the firm they are using.