British expatriates 'may head to stable Sweden'
13/02/09 12:51
With British investors increasingly keen to put their money into safer markets, investment firms are now leaning towards Scandinavian property.
In addition to a number of lifestyle benefits for expatriates, including one-year-long maternity leave and extended paternity leave, countries such as Sweden are becoming increasingly popular among Britons keen to start a new life overseas.
At the same time, a number of investment funds have been established over the past few weeks aimed at taking advantage of the potential of Swedish potential, with EPH Sverige now reporting that it is to target well-located properties capable of delivering annual returns of between five and eight per cent.
The company's co-founder Paul Hogarth noted: "Given the current turmoil and volatility of equities at present coupled with the dire state of the UK property market and the general lack of exciting opportunities for advisers, EPH Sverige offers IFAs and their clients a particularly attractive investment and risk: reward ratio."
According to a new report from the Economist, Sweden's quick-thinking in nationalizing weak banks and supporting some others was a major reason why the country has been able to rebound from the global economic slump.
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