Investors get advice from friends and family
Property investors from the UK are most likely to get financial advice from friends and relatives, according to industry analysts.
Speaking in response to studies by Barclays and Defaqto, NuBricks.com said British buyers prefer to consult with personal acquaintances before making a purchase.
The website attributed this trend to a widespread belief that there is no such thing as a truly independent financial adviser.
NuBricks.com suggested that people see getting financial as advice is "money down the drain" and prefer to trust either their own instincts or those of friends and relatives.
Prospective property buyers were urged to overcome their discomfort and make sure they get a professional opinion.
The website said: "It is important to seek a variety of opinions on your chosen property location and new development before committing significant funds to the investment."
This comes after Exchange Insurance Company stated that people in the UK and Ireland currently own more than 3.8 million homes in other countries.
According to the firm, ongoing problems in the global economy are not likely to deter prospective buyers from purchasing more properties overseas.
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