Overseas property enquiries increase

Article Date : 13 August 2007

The number of overseas property enquiries from UK investors on is on the increase according to new figures.

Reports from financial services provider Baydonhill reveal that overseas mortgage enquiries have increase by almost a third (30 per cent) during the past year, with brokers reporting increased activity among UK clients.

The key areas of interest are France, Spain, Italy and Portugal, indicative of the fact that traditionally popular locations for foreign property investment are continuing to attract UK buyers.

In light of these trends more than half (52 per cent) of brokers are ramping up their focus on foreign property in anticipation of increased commissions in this area.

"The upturn that brokers are seeing should only increase over the next few years," commented Fiona Watts of Baydonhill.

Meanwhile HiFX reports that British investors are currently cashing in on a boom in international property with an increase in the number of property owners selling their overseas properties.

Overseas property enquiries increase

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