'Good property deals still available in eurozone'

Despite weak foreign exchange rates within Europe, property investors can still get a good deal, an expert has suggested.

Property website BuyAssociation.co.uk has said that while many people are now looking outside the eurozone to make an investment, there are still opportunities to get good value deals within Europe.

Paul Collins, property editor at the portal, commented on the current economic climate with reference to Europe's weak foreign exchange rates.

"There are still good deals to be had within the eurozone but this kind of thing is prompting people to look outside of Europe."

He added: "But obviously, with the fact that the property market is dwindling somewhat and that developers and agents are looking for buyers, it does mean that you can get better deals so you can negotiate to get deals that can negate the exchange rate difference."

Recently, Lloyds Banking Group reported that the euro rose in value by 23 per cent in the year leading up to January 2009.