Foreign property investors 'look beyond traditional destinations'

Foreign property investment professionals are beginning to look further afield for their next real estate purchase, according to one expert's opinion.

Nick Marr, chief executive at Homesgofast.com, said "volatile foreign currency rates" has encouraged investors to have more imagination when choosing a new property development.

He stated that instead of going for traditional locations such as France and Spain, they are considering other destinations as Europe continues to suffer from economic difficulties.

Despite his comments, Rightmove revealed last week that Valencia in Spain was the most popular item in their foreign property index, reporting an increase of 166.78 per cent in searches.

Source: Commercial Finance Group