Security concerns for overseas investors
In the current economic climate it might come as little surprise to find that a study has showed that investors are most concerned about the security of their money when investing in property overseas.
Britain-based homeowners with mortgages for professionals, who want to invest in a property abroad, need to be convinced of the integrity of property developers and that their funds will be safe, a survey by Homesgofast showed.
Nicholas Marr, chief executive of the overseas property portal, said: "Overseas property developers need to demonstrate that their product not only ticks all the right boxes for investment, but also to prove to buyers that their company is a safe place for them to put their money."
The study found that trust was a major issue between investors and overseas property developers, he added.
Developers who have built up a good reputation, or offer a financial safety net by placing funds in an escrow account, appear to be winning over investors, Mr Marr noted.
Research by Cater Allen last month found that more than three million people are likely to purchase a foreign property within the next two years.
Mortgages for Professionals provides expert mortgage advice for high earning professionals on over 30,000 mortgage types.
Britain-based homeowners with mortgages for professionals, who want to invest in a property abroad, need to be convinced of the integrity of property developers and that their funds will be safe, a survey by Homesgofast showed.
Nicholas Marr, chief executive of the overseas property portal, said: "Overseas property developers need to demonstrate that their product not only ticks all the right boxes for investment, but also to prove to buyers that their company is a safe place for them to put their money."
The study found that trust was a major issue between investors and overseas property developers, he added.
Developers who have built up a good reputation, or offer a financial safety net by placing funds in an escrow account, appear to be winning over investors, Mr Marr noted.
Research by Cater Allen last month found that more than three million people are likely to purchase a foreign property within the next two years.
Mortgages for Professionals provides expert mortgage advice for high earning professionals on over 30,000 mortgage types.
