Foreign Property Investors Urged To Plan Finances

Foreign property investors urged to plan finances

Article Date : 08 January 2008
News Section: Morocco

People who have invested in foreign property have been urged to plan their spending carefully this year.

Currency specialist HiFX warned that many investors were unnecessarily wasting money because they had not made preparations in advance.

For example, it stated that second home owners who booked flights abroad at the last minute were often missing out on cheaper deals that had been available earlier on.

Mark Bodega, director of HiFX, commented: "Many airlines, particularly the low-cost carriers, have a January sale which include some great deals for the more organised owner."

He added that owners of property in emerging markets would benefit from shopping around for cheaper home insurance, particularly in places such as Morocco, Cape Verde and Dubai.

Mr Bodega stated that many insurance brokers had responded to the growing demand for homes in these markets by widening the terms of their cover policies.

This comes after Vanessa Bird of financial services company Baydonhill predicted that more exotic locations would grow in popularity this year.

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Article created on behalf of Propertyshowrooms.com News Desk (http://www.propertyshowrooms.com/news/)

Foreign property investors urged to plan finances

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