Brits buy abroad as ‘pension alternative’
British people are increasingly considering property investment as an alternative to traditional pension schemes, according to industry analysts.
Financial advisory firm Scottish Widows has said this month that people want more control over their finances and consequently are considering options such as ISAs and property investment.
In recent months, property analysts have highlighted that the most lucrative destinations for property investments are in the emerging markets, such as Brazil.
Director of the Global Property Guide, Mike Dunkerly, stressed the impact of buying in "early bird" phases of a market on profit revenues.
"You have one chance to make money by being an early bird and two chances of losing money by buying in phases two and three," he said.
In the same month, the London Stock Exchange reported that "early bird" investors are moving away from traditional markets such as Spain in favour of countries like Brazil, where the market is not yet saturated.
Previous research published by Scottish Widow on September 17th stated that 42 per cent of over-55s say that the state pension is not enough to support their desired standard of living, indicating that property investment may be a reality for a large number of British people.
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