Overseas property shows most potential
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by Kay Mitchell
Research from Baydonhill, the financial services group, has established that 50% of independent financial advisers believe that the overseas property sector is likely to provide stronger returns in the short-term and over 30% have experienced an increase in overseas property business within the last year.
The research is based on discussions with 100 independent financial advisers and highlighted that the most popular countries to invest in are Portugal, Italy, France and Spain.
A spokesperson for Baydonhill commented that exaggerated UK prices mean investors are looking elsewhere. The 30% increase that independent financial advisers are experiencing should only improve over the next few years.
The company added that overseas property business is soaring as buyers are being priced out of the UK property market.
The research also discovered that just over half of advisers are anxious about overseas rental yields, 27% are worried about re-mortgaging whereas 13% are concerned about the amount of paperwork when investing overseas.
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