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British investors have homes in 50 nations

Article Date : Tuesday, April 01, 2008       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

Property buyers from the UK now own homes in dozens of different countries, according to an industry expert.

Broadcaster Amanda Lamb, who hosts Channel 4's A Place in the Sun, said there are now a significant number of British-owned houses in more than 50 nations.

Investment property in Spain was flagged up as a particularly popular, along with Cape Verde, Morocco and Egypt.

However, she urged investors to remember that not all countries will offer the living standards they expect, as they are at various stages of development.

Therefore, Ms Lamb has recommended that people look beyond cheap houses and find out what a country has to offer before committing to a purchase.

She advised: "Properties might be cheap but is the electricity supply reliable?"

Ms Lamb also recommended that prospective investment property buyers go on an inspection trip in order to view the property they are considering first-hand.

The advice comes after a poll by A Place in the Sun magazine revealed that established markets such as Spain are still Britons' favourite investment spots.
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