Where Is All The Smart Money Going?


by Teresa Morgan - Date: 2007-02-26 - Word Count: 359 Share This!

Emerging property markets are certainly proving more popular with the UK-based property investor at the moment, as the statistics from one of the UK's leading currency brokers illustrate. Nathan Bullas, Manager of Global Currency Exchange Network based in Maidstone, whose customer base is almost exclusively overseas property buyers, stated "There's no doubt that we are now sending funds from the UK to a much wider spread of countries than previously seen. Whereas only a couple of years ago Spain would have made up around 80% of transfers, with the USA accounting for 15% and 'Others' bringing in around 5% of business, we have seen throughout 06 and into 07 that 'Others' bracket grow to around 25% of our business. Amongst these emerging markets, where Bulgaria, Dubai and Portugal were very popular 12-18 months ago, we are now sending more and more money to Morocco, Thailand, Cape Verde, Italy, and Turkey on behalf of our clients. Our clients suggest to us that this is due to various factors but mainly because they are of the impression that those places are the current global property hotspots offering excellent value for money and investments opportunities."

Find An Overseas Property foresaw this and discovered these new areas some time ago and have established good links with top developers offering prestigious villas, or exciting but smaller value for money apartments and villas in small unspoilt areas like their exclusive properties in Koh Samui, Thailand, through to grand plan areas, like Mediterranea-Saidia in Morocco. Always with an eye out for exciting new opportunities they are currently in negotiations to promote some brand new offerings in Brazil and Italy. Bill Lowden, Head of International Sales, says 'With so many so called opportunities cropping up everywhere, we visit each of our locations to identify the potential and to carry out due diligence not only on our chosen countries and developments, but also on the Developers themselves. This gives us the confidence to market only researched, sound opportunities to our clients'. They have an on-the-ground feel for what's happening in the areas and for advice or an exclusive insight into the latest issues such as land-owing in Thailand.

Related Tags: property, thailand, exchange, italy, currency, overseas, cape verde, morocco, emerging, prestigious villas

Teresa Morgan manages the sales process at Find An Overseas Property, ensuring you get to speak to the experts appropriate for your specific requirements be they buy-to-let, investing for growth, income, foreign exchange management, letting and all aftersales services.
Call Teresa on Freefone 0800 0 755566 or visit their website for more information http://www.findanoverseasproperty.com

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