Overseas investment 'to remain popular'
The popularity of investing in foreign property markets is set to continue, industry experts have stated.
A report by the International Property Investment pavilion said that more 1 million Britons have purchased a second home abroad, spending £20 billion in the process.
The recent popularity of investing abroad has prompted the researchers to predict that this will be sustained for the next few years at least.
Commenting on the verdict, event manager Siobhan McAfee said: "In the past three years, the international property market has become an increasingly attractive investment vehicle."
She added that if people continued buying abroad at the current rate, more than a third of independent financial advisers would be dealing with overseas property enquiries by 2010.
The research follows another study by Yorkshire Bank which found that 43 per cent of Britons were thinking of buying abroad, either for use as a holiday home or long-term investment.
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