Advisor: Gambles on emerging markets can win
UK buyers willing to take a chance in emerging property markets could see a return, one industry advisor has said.
Amberlamb has said that investors gambling in emerging markets like Brazil can win.
Rhiannon Davies, director of Amberlamb, said: "Price is a reflection of demand, affordability, quality and risk and no would-be investor should ever forget this!
"Buying in countries such as China, India and Vietnam, where urbanisation is creating a mini-boom in terms of demand, those who are prepared to take a gamble can win," she added.
People considering buying property in Brazil could be interested to hear that their decision to buy in Brazil may be a profitable one.
The Association of International Property Professionals 2007 report found that around 30-35 per cent of the money spent on overseas property is in emerging markets and the prices in many of these destinations, as an average, are lower than the established markets.
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