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Friday, 01 August 2008 00:00 |
As the credit crunch has hit consumer confidence, it seems that it has not extended to those looking at property as a long term investment.
Latest figures from the Property Investor Show have shown that emerging markets such as Brazil are becoming increasingly popular.
The show estimates that as many as 72 per cent of people favoured markets that are not yet fully established over more traditional destinations such as Spain.
Nick Clark, managing director of the Property Investor show, commented: "Investors are still confident in the longer term returns of bricks and mortar and are intending to expand their portfolios this year."
According to the show's figures, 25 per cent of those investing in property will do so abroad and eight per cent will invest in both the UK and overseas.
Brazil's popularity is on the increase and, according to the Global Property Guide, "there is also a noticeable increase in interest in foreign property ownership" in the country.
Currency specialist HiFX confirms this by revealing that interest in Brazilian property increased by one per cent during June 2008. |
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