Global credit crunch beneficial for some property investors

Overseas property investors could stand to do well in foreign markets where the impact of the global credit crunch is being felt.

That is according to Rhiannon Davies, director of overseas property advice website Amberlamb, who asserted that buyers with sufficient funds will "clean up" in certain markets.

She explained that the credit crunch had restricted activity in many of the world's property markets, because a large number of investors are unable to raise mortgages.

Ms Davies went on to say: "Those who have got the cash to move will clean up in certain property markets where sellers become more and more desperate to off load stock and where historically there has been a strong property market.

"Those who buy in very low today and cash in on the financial crisis will reap the dividends over the long term."

Emerging markets account for between 30 to 35 per cent of the money invested in overseas property, according to the International Property Market Report 2007, published by the Association of International Property Professionals (AIPP).

Overseas Property News posted on 23/04/2008 11:33:11