Established property markets 'more popular in recession'

During times of recession, people who are still looking to make an international money transfer and buy property abroad tend to look towards the established markets.

This is according to Paul Collins, editor at BuyAssociation.com, who has called the trend a "flight to safety".

Mr Collins said that the relatively stable state of the economy and the lack of change in the "social makeup" of established countries makes them a more popular choice during global economic upheaval.

He said of the established markets, Canada had seen a particular good year in 2009 with people buying for safety and for the lifestyle.

When asked if there were still any good investment opportunities in the Canadian market, Mr Collins said: "As with any investment, it is very much down to buying the right property at the right price at the right time and knowing exactly what you are doing."

A recent survey from International Living put Canada in the top ten countries for 'quality of life'.

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Posted by Thomas Smith