Thu, 17 Jan 08
Established property markets continue to be ignored in favour of emerging nations...
In its second annual Global Property Hot Spots roundup, currency specialist HiFX reveals an increase in enquiries over the past 3 years regarding less traditional overseas property destinations like
The report, based on an analysis of enquiries received by the firm, has found
Over the last 10 years the Western world has enjoyed the biggest property boom in its history, creating a whole generation of potential property investors. Indeed, house prices have boomed in almost every developed market with the exception of
But with developed economy markets at their current high, investors are increasingly turning their attention away from the traditional markets like Spain and to the emerging markets, such as Eastern Europe and (new for 2008) even farther flung destinations such as Brazil, Egypt and, the canoeist's favourite, Panama!
Investors shunning Spain
According to the report, interest in
Mark Bodega, Director at HiFX, says: "It's easy to see why investors in particular are turning their backs on
"With an abundance of low cost airline routes, short flight times and the great weather, both countries will always be a favourite with British buyers and we expect them to remain so in 2008. However, overall, their lead is closing as the investor population continues to turn its attention to emerging markets in 2008."
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