August 22, 2008

Property developers look overseas

In the UK, the property market is on a knife-edge and it could just take one simple bad piece of news that could bring the whole thing down. However, property developers and estate agents have their collective sights set on foreign buyers to come in over the next ten years.

There have always been foreign investors but the nationalities tend to change over the years. The new target is India, it is estimated that these Indian millionaires could bring into the UK property market something in the region of £15 billion.

The reason why this would seem a good investment opportunity is because the prices have fallen and at some stage there is going to be a turnaround, at this point those investors will begin to see their investments grow at a extraordinary rate.

Source [Realty Digest]