Rental demand to remain strong
Rental investors have been reassured that demand for accommodation will remain high this summer.
According to NuBricks.com, the credit crunch is not putting consumers off travelling abroad, despite the "doom and gloom" in the media.
The website said this is good news for overseas property investors, as tourism is "vital" for many housing markets across the world.
In addition, it stated that the downturn in global economy could potentially allow some prospective buyers to snap up a home at a bargain price.
Chintan Mahida, an analyst from the website, commented: "As in the UK, many of countries within the eurozone are seeing property prices come under pressure with more people looking to offload than a year ago."
He said this development, combined with the fact that tourists are continuing to visit these countries, gives buyers the chance to pick up long-term investment "on the cheap".
According to a recent study by American Express, more than 1 in 3 people are not prepared to forgo their annual trip abroad, despite the continuing rise in the cost of living.
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