Spanish market is saturated, says expert
Investors looking at property for sale in Brazil could be interested to hear that one expert has advised UK buyers to look further afield than Europe – to places such as Brazil – in order to find a worthwhile investment.
Seven Continent Investment revealed that while a lot of traditional markets have become "saturated", foreign property investors looking further afield could find real estate with investment potential.
Ryan Chana, senior partner and development manager of the investment firm, said people are not just looking for holiday homes anymore and that they want an "investment angle".
He added investors who bought in places like Spain are having problems selling and therefore are becoming "more astute about where they are buying".
"When you look at the investment case for going further afield it’s actually stronger than a lot of the European countries at the moment," he concluded.
According to the latest HiFx Monthly Global Property Hotspots Report, as cited by Online Mortgages UK, interest in French and Spanish properties has fallen 12.5 per cent since March.
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