Investors 'should look for fundamentals'
Overseas property buyers have been urged to make sure the fundamentals of a successful investment are in place.
ShelterOffshore.com stated that factors such as easy access, good weather and the quality of the infrastructure are "demand motivators", as these can attract visitors to certain areas.
Therefore, the website has recommended that investors find out whether their chosen market meets all the desired criteria before they commit to a purchase.
Prospective buyers were urged to apply common sense to the market and ask themselves important questions, such as whether it is likely to remain popular in the future.
ShelterOffshore.com said: "It is these ‘demand motivators’ that you need to ensure are in place when you look at any market with a view to buying in."
The website added that this would help ensure that a foreign investment is successful in the long-term.
This comes after Paul Collins of the BuyAssociation website urged investors who are hoping to make some capital gains to have an exit strategy.
He recommended that buyers check there is a strong resale market in their chosen location, or they may be unable to sell their house on at a profit.
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