For Lifestyle Or Money?

There area many reasons why people buy property abroad. Some are after a buy-to-let rental income in the long-term. Some want to buy and then sell at a profit in a growing market. Some look for a place to call their second home and those emigrating one to call their first. When it comes to choosing where to buy, these considerations are critical to the final decision, according to property company Property Frontiers. A spokesperson said the situation emerging at present was the same in many countries, with two words - credit and crunch - on everybody's lips. She said: "The credit crunch of course has dinted confidence the world over and unsurprisingly markets have slowed." This, however, would not stop some people buying purely because of attractions which went beyond the potential appreciation in value of a property. "We expect that those seeking pure intelligent investment will continue to buy in emerging markets where entry costs are lower and prospects still good," the spokesperson emphasised, but added "those looking to buy purely for lifestyle will almost certainly still look to Spain". Spain, she said, would always do well because of its "endless appeal to tourists and retirees alike", listing attributes such as climate and beaches, countryside, food and wine, culture and people as factors that would always keep this market strong. Thus Spain enjoys advantages which keep it in a position of strength that will help it as long as the credit crunch lasts. But of course, there are emerging markets out there for the purest investors, such as Cape Verde, Cyprus and India. She said: "Those interested solely in investment however would be advised to look to less established markets to maximise their returns on capital invested." Cyprus is certainly one possible home for such an investment. The Financial Mirror reported today that property deals in the country had increased by 42 per cent this year on 2006, which in turn had been 73 per cent up on 2005. The paper did add that many of these sales were being pushed through before new VAT rules came in and the banks tightened their credit strategies, but set against that is the fact that on January 1st 2008 Cyprus will adopt the euro, which may make it even more attractive to investors because of the expected economic stability that being part of the wider European Union monetary system will bring. Thus for both those who want to buy for investment and those who want to buy for lifestyle, the prospects are out there. In today's world Property investment is an excellent investment option especially investment in UK