Investors 'should look for sustainable market'
People who are considering investing in a foreign property have been urged to pick their location carefully.
According to ShelterOffshore.com, many overseas buyers do not look closely enough at market conditions in their chosen location.
This means that an investment may not be particularly profitable, as the factors which have been driving recent growth in the area are not always sustainable.
The website commented: "Look at a location with astute eyes and see what there is to ensure its continued and continuous success."
Prospective investors were encouraged to only purchase in a place which offers long-term potential for growth and profit.
ShelterOffshore.com added that property owners also need to look at whether there is a strong resale market in their location of choice.
The advice comes soon after the BuyAssociation website suggested that foreign property buyers consider matters such as tax and legal requirements.
According to the website, these issues would be addressed if people were buying a home in the UK and should still be a priority for those investing overseas.
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