Buying abroad and renting at home 'the most viable option' |
04 2008 |
| An increasingly large proportion of UK professionals is coming to see that investing in property overseas while simultaneously renting at home makes the best financial sense for the foreseeable future, experts have explained. Just recently, Barclays Bank reported that it receives around 18,000 enquiries into buying property overseas a year, around double the level of just 12 months ago. What's more, a separate report from National Savings & Investments (NS&I), revealed that 84 per cent of 18-to-30-year-olds feel that buying overseas is more feasible than getting out of the rental sector at home, particularly as many give themselves a budget of £200,000. Beth Collingz, marketing director at PLC International, explained: "Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. "While land and housing prices in the UK have soared astronomically in the past decade, the world real estate market is a far different story." The popularity of buying abroad and renting at home is particularly high in London, thanks to the city's high property prices as well as its high wages.  |
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