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Expats urged to research foreign property markets

Expatriate workers planning a move overseas have been advised to study the property market of their chosen destination carefully, to avoid discovering risks or hidden costs too late.

Many emigrating Britons are failing to do adequate research before their move and are later hit by problems, including fluctuating interest rates and investment returns, said the Association of International Property Professionals (AIPP).

Paul Owen, chief executive of the association, urged expatriates to study the sector carefully and speak to experts before making an overseas investment.

He warned future expats to remember interest rate changes could affect mortgage costs, as well as the value of investments and benefits.

"Investing time at the beginning of the process will save you time later," he added.

His comments follow news that a group of British expatriates are currently appealing against a decision made by the UK government to freeze their pensions at the same rate as when they left the country.

Some of the 13 pensioners are said to be 20 per cent worse off than their UK-based peers.

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