"Positive growth" forecast for Asian property

26

May

2009

 HiFX News@ 12:00 AM

Overseas investors should consider buying property in Asia before house prices rise, according to industry experts.

Nick Marr, chief executive of Homesgofast.com recently advised UK emigrants to make mortgage money transfers to the region in order to benefit from decreases in the cost of premises thanks to the global recession.

Mr Marr pointed out that the Asian property market is expected to begin recovering from the economic slowdown in 2010 due to investments made by developments and governments.

"The action taken by these could well see house prices levelling out by the end of the year and setting the scene for some positive growth in 2010," he said.

"It may be a case of getting in early now while prices are low to benefit over a five year period."

Recent figures from the National Bureau of Statistics of China reveal that £69 million was invested in the country's property market in the first four months of this year.

Click here to make an International Money Transfer.

By Linsey Summers.

ADNFCR-1995-ID-19185436-ADNFCR

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