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'Lucrative opportunities' for investors looking further afield

Article Date : Thursday, June 21, 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

Investors could be missing out on significant opportunities if they only look to purchase properties in traditional holiday destinations, according to one expert.

Research by Foreign Currency Direct found that 15 per cent of overseas property investors own properties in Spain, with a further 12 per cent entering the French market, reports Easier.

However, the firm suggests that the markets in Morocco, Hungary, Cape Verde and Poland may offer a great deal of potential to investors.

Peter S Ellis, chief executive officer of the firm, said: "There are so many more lucrative investment opportunities that could be made if the British public invested in properties in lesser unknown and up-and-coming destinations."

Stephen Hayes, managing director and portfolio manager of Perennial Real Estate Investments, recently said that now is a "good time" to be a property owner in Europe, the Financial Standard reports.

Mr Hayes suggested that the growth of real estate investment trusts Italy and Germany had helped to strengthen the market.
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