LONDON:- Survey of 485 real estate investors sees UK capital slump to 15th spot on fears over exposure to financial sector.
Moscow and Istanbul have displaced London and Paris as the top-ranked cities for real estate investment prospects, according to a Price water house Coopers survey published today.
This is the first time in the survey’s five year history that London has not featured in the top two. Paris still makes the top five behind Hamburg and Munich, but London has tumbled to 15th in the rankings from second in 2007.
Moscow and Istanbul also topped the development prospects league table, as survey respondents cited the need to investigate new markets. However, Moscow was ranked the riskiest city in the survey, followed by Athens and Budapest.
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One Comment
UK house prices are continuing to rise just as the world is opening up to the global market place. This means that more and more people are searching overseas for foreign property investment. Foreign property investment is seen as a cheaper and easier way to make money than the UK house market, and is allowing more people to become involved in overseas property. However, there are things that you should consider before deciding on foreign property investment. Apart from regular mortgage concerns, you also need to look at the factors for each country you are considering purchasing property in. Here are some tips about foreign property investment to get you started in the overseas property market.
Why choose property abroad?
Going into foreign property investment used to be rare, but it is now something that many people are looking into. This is because buying property overseas is generally cheaper than the prices in the UK. Also, the weather and standards of living are often better for many people, meaning that you can get a beautiful property for much less than in the UK with the added bonus of great scenery and weather. It is generally a little easier to make money through foreign property investment, although like all investment it is a risky practice.