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Overseas property market set to double by 2012

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  • Overseas property market set to double by 2012

    Datamonitor, the business intelligence company, has published new research in which it found that British and Irish citizens own up to 3.81 million homes abroad. (The figure excludes time share and fractional ownership schemes.)Around 1.21 million of the properties belong to people who are both citizens of the UK and Ireland and also resident in [...]

    More: Overseas property market set to double by 2012

  • #2
    I would say that it may even more than double -- but to say such a thing with confidence takes guts as the entire market is in turmoil. Yet, I expect the turmoil will end in about six months.

    It should be noted that Brits are expected to invest in emerging markets such as Turkey and North Cyprus and will veer away from the expensive traditional markets that have little prospects for capital gain and have questionable rental possibilities.