Interest in buying abroad 'is still high'
An apparent slowdown in the European housing market has not put people off buying property abroad, experts have stated.
The Association of International Property Professionals said this year's major exhibitions have attracted lots of prospective buyers.
According to chief executive Paul Owen, this shows that while many are hesitating about investing in a foreign property, the overall level of interest is still high.
He commented: "There are people out there, they are coming along and they are looking to buy."
Mr Owen said the high attendance figures at the recent property exhibitions led to a "collective sigh of relief" within the industry.
He added that saying the property boom in Europe is over just because the rate of house price inflation slowed down last year is "a bit apocalyptic".
The comments came in response to a recent report by the Royal Institution of Chartered Surveyors, which revealed that countries including Spain were among those which experienced a reduced rate of growth during 2007.
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