Overseas Property Investing Still Attractive

The foreign real estate market is still buoyant according to reports by leading overseas property portal Homesgofast.

Homesgofast maintains that while low levels of consumer and bank confidence have resulted in reduction in the numbers of people buying real estate overseas, the market is all about value for money.

Nicholas Marr, chief executive of the firm, said despite the industry slowing down, it is far from a halt and the economic climate is benefiting some areas.

The Spanish market is suffering most from the credit crunch as most real estate agencies are reducing staff, he added.

He concluded: “Those buyers who are in the fortunate position not to require high loan to value finance are now reaping the rewards; they have the power.”