Cyprus tipped as bargain investment location

Those investing in overseas property may still find good deals in many markets, it has been claimed.

Citywire has stated that traditional overseas markets remain popular, although Cyprus is one of the best bargain locations for European investors.

The portal stated: "Spain, France, Portugal and Italy remain firm favourites but if you have a limited budget, going further afield to Eastern Europe, for example, or Cyprus means lower prices."

Bulgaria is also mentioned as a location where low prices are available.

Getting value for money is a prime motivation behind the bulk of investments in overseas property at present, stated the chief executive officer of Homesgofast.com Nicholas Marr.

He stated that investors are tending to stick to those prospects that offer "low deposits and guaranteed returns".

Mr Marr also said that those who have the funds to buy property without having to take on high loan-to-value borrowing are at an advantage in the current market, as these buyers are able to capitalise on lower prices.