Investors sticking to proven destinations, says expert

Destinations such as France and Italy continue to be popular among Britons investing in property abroad, an expert has stated.

Georgina Richards, of Knight Frank, told the Independent that buyers are unlikely to be considering unfamiliar regions in the current climate.

She explained that people are hunting for bargains in the knowledge that they may be able to get reductions, with "tried and tested" locations including France the preferred option.

"They want established, mature areas with easy access and stability," Ms Richards was quoted as saying, adding: "Right now there are good properties at good prices and people with cash are in the best position."

Meanwhile, international estate agency Chesterton's Andrew Hawkins suggested to the paper that the economic climate has led a greater number of people to consider investing in property overseas.

France was identified as the second most popular country for Brits buying property by a recent Jet-to-Let magazine poll, with Cyprus topping the list.

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