Investors 'must research overseas property markets'

Investors planning to make an international money transfer and purchase a property overseas have been advised to carry out thorough research.

Les Calvert, director at Property-Abroad.com, explained how those hoping to make a profitable return on their investment need to study the market when considering abodes in Europe.

"Every investment is down to risk and what level of risk you want to take," he stated, adding that learning the "traits" of the sector can help people to ensure they make a good decision.

Mr Calvert commented: "When the market is turning downwards, if you are going to try and call the bottom, then it can be an excellent investment."

However, he warned that as with the acquisition of any type of asset, there are "the bulls and bears".

Those purchasing a second home merely to make a profit and not for lifestyle reasons can be especially selective as to where they buy and should consider how nations are faring economically, Mr Calvert stated.

It was suggested that individuals should learn how this recession compares to previous ones and note the patterns.

This way, people will be able to "call the turn", which according to Mr Calvert means they are knowledgeable of the market and will "always" make astute investments.

The expert commented that when planning to purchase anything from stocks and shares to property or gold it is wise to thoroughly research past fluctuations.

More individuals may be thinking about investing in Murcia, Spain as it was recently announced by Mercers that interest in the region has increased substantially.

According to the estate agent, it experienced its best summer sales period for five years during 2011, with more international buyers snapping up homes.

It was suggested the nearby theme park, golf courses, good price and improved accessibility have contributed to the diverse audience.

Posted by Chris Barber

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