French property 'top choice for overseas investors'
22/09/09 14:48
France has beaten nearest rival Spain to claim first place in a list of the world's most popular destinations for those buying property abroad.
The latest report from overseas mortgage specialist Conti found that 31 per cent of those surveyed were searching for French properties online.
Just over one in five (22 per cent) enquired about houses in Spain while Turkey took third place with 13 per cent.
Commenting on the results, Claire Nessling, the company's operations director, said the current economic climate was encouraging buyers to choose "more traditional" locations.
She added: "The smart investor is no longer simply looking to where the best bargains for a swift return can be found, but to where security lies for a longer term investment."
Expatriate workers considering a move to the country can be reassured that the property market is in a "relatively secure situation", with low prices and an appetite for lending, according to Conti.
Meanwhile, investors keen to get a high return on their money have been advised by a personal finance expert to avoid limiting themselves to property and instead consider a range of options.
Jason Butler, partner at Bloomsbury Financial Planning, noted: "You don't back one horse."
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