USA 'best' for property bargains

America and Brazil have the "best deals" for property according to Property Frontiers.

Britons looking to emigrate west and transfer their money abroad could follow the advice of the property investment firm's head of research, Christopher Chadd, and invest in property in the Americas.

"The US is the epicentre of the global property crash" said Mr Chadd, clarifying why the best deals were to be found in the Americas.

The expert added that locations closer to home such as Spain, France, Italy and Portugal remain popular.

Mr Chadd explained "the fact that prices are still down year on year is no bad thing at all" because "markets need to correct and stabilise".

The advice comes after the global estate agent Knight Frank published its global property price index yesterday, prompting investors and emigrants to assess the security of putting money into foreign property.

Similar recommendations were made by Homesgofast.com which listed Brazil, France and the US as the top foreign investment locations for property in November of this year.

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Posted by Alan Watkins