Credit crunch 'could be good for investors'

The ongoing credit crisis could create potential investment opportunities across the world, experts have suggested.

According to Amberlamb, the recent drop in consumer confidence has made some property sellers desperate to offload their stock.

Rhiannon Davies, director of the group, said this is particularly apparent in countries which have historically had a strong housing market.

She believes that since these locations are still supported by strong "fundamentals" and are likely to recover at some point in the future.

Therefore, buyers could potentially snap up a bargain during this downturn and wait for the market to pick up again in the future.

Ms Davies commented: "Those who buy in very low today and cash in on the financial crisis will reap the dividends over the long-term."

This comes soon after Foreign Property Buyer recommended that investors see what "freebies" are being offered by developers.

According to the website, prospective buyers could then use this information to negotiate for similar perks with the firm they are using.

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