Investors shun British housing market-240708

A growing number of property buyers in the UK are choosing to shun the domestic market and invest overseas instead.

According to Dominic Farrell, editor of Jet-to-Let magazine, interest in making foreign investments has soared in the last 6 months.

Speaking to the Liverpool Daily Post, he said this is partly because market conditions at home are less than favourable for prospective investors.

He commented: "People are just not able to invest in the UK and are looking for alternatives."

Mr Farrell said countries such as Morocco seem to be weathering the economic storm reasonably well, as financial providers in the country are "quite happy" to lend money.

He added that many of the people who are making purchases at the moment are lifestyle buyers who want to a residence for personal use.

This comes after a study by the Financial Times found that people across the continent are largely hopeful that house prices will keep going up over the next five years.

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