Investors cash-in on global price drop

Serious investors are cashing in on the global house price drop by buying up property at under market value, an overseas property advisor has claimed.

The director of NuBricks.com, Adam Samuels, believes that the majority of investors are being put off buying property abroad because of the credit financial conditions - leaving a small group of investors to purchase in foreign markets.

A recent report by Real Capital Analytics divulged that the credit crunch had taken its toll on the global property market, with transaction volumes falling by 46 per cent in the first quarter of this year.

"The mass market amateur investor has certainly been put off buying in most countries, including in the US, [which is] down to the economic climate of course," said Mr Samuels.

"However, the professional investor will look at a climate like this with the potential to make even better returns," he added.

Only 13 countries included in the latest Global Property Guide survey saw price rises during the first quarter of 2008, while 21 countries saw dwelling prices fall in real terms - including through inflation.

Overseas Property News posted on 25/07/2008 15:34:15