Overseas Property: More Signs for Sustained Growth

May 18, 2008 - PRLog -- Canada, Australia, New Zealand and United States, are the most popular destinations with emigrating Brits, and according to an study by the UK Office of National Statistics that is currently some 4000 people every week. This number has increased extremely rapidly in the last few years, as people tire of yobbish behaviour, deteriorating housing estates, the government, rising cost of living, and others emigrate seeking career opportunities in growing economies like Montenegro.

The yobbish behaviour and living costs are unlikely decrease anytime soon (short of a miracle), so the number of Britons moving abroad will continue to rise. As people emigrating are usually looking to buy existing houses, as oppose to off-plan, this is great news for secondary housing markets, especially in the most popular countries mentioned above.

This is also great news for the overseas property investment industry, as overseas investors usually buy off-plan in order to make the biggest gains, and a frequent worry is whether they will be able to sell for their projected profit; will there be anyone to sell to, and according to this report, the answer in Canada, the U.S., Australia, and New Zealand is a definite yes.

The Sunday Express recently reported that the number of young Britons investing in property overseas continues to rise, despite falling U.K. house prices, prices still haven’t fallen substantially enough for first-time buyers, and this is also great news for them.
I wrote in my last article that all the signs point to the overseas property market continuing to be strong, and the two latest reports only strengthen my standpoint

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About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed.

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Website: www.davidstanleyredfern.com