US tops list of destinations for potential foreign investment

Property investment overseas could be set to rise, with individuals confident about buying global real estate, despite the economic troubles, a new survey has found.

The latest statistics to be released by the Worldwide Property Group indicate that the foreign market was a good buy for investors.

The results of the survey show that 68 per cent of those questioned believe that currently it is a good time to invest, with a further 53 per cent considering buying outside of the UK.

US and Caribbean markets topped the list of favoured destinations for buyers, while Turkey, France and Spain were also possible locations.

Those looking for Florida property may be able to take advantage of the plethora of distressed real estate that the destination boasts.

The latest figures from RealtyTrac claim that the region had the nation's third highest foreclosure rate during May.

"At a time when the media seem to be re-focussing their attention on economic doom and gloom, the results of this survey are very encouraging," Kevin Wilkes, managing director of the Worldwide Property Group, said.

"[Despite the fact] stock markets have experienced such enormous volatility, the housing market has fared rather well, recording significant growth over recent months."

Like this? Then share with your friends and colleagues!